I. A title insurance company shall not:
(a) Engage in the business of guaranteeing the payment of the principal or the interest of bonds, notes, or other obligations.

Terms Used In New Hampshire Revised Statutes 416-A:8

  • business of title insurance: means the making or proposing to make, as insurer, guarantor, or surety, or any contract or policy of title insurance; or the transacting or proposing to transact, as insurer, guarantor, or surety, any phase of title insurance, including solicitation, negotiation preliminary to execution, execution of a contract of title insurance, and transacting matters subsequent to the execution of the contract and arising out of it, including reinsurance. See New Hampshire Revised Statutes 416-A:2
  • Title insurance: means insuring, guaranteeing, or indemnifying owners of real property or others interested therein against loss or damage suffered by reason of liens, encumbrances upon, defects in, or the unmarketability of the title to said property. See New Hampshire Revised Statutes 416-A:2
  • Title insurance agent: means a person authorized by a title insurance company to solicit insurance or to collect premiums, or to issue or countersign policies in its behalf. See New Hampshire Revised Statutes 416-A:2
  • Title insurance company: means any domestic company organized under the provisions of this chapter for the purpose of insuring titles to real property; any title insurance company organized under the laws of another state or foreign nation and licensed to insure titles to real estate within this state; and any domestic, foreign, or alien company having the power and authorized to insure titles to real estate within this state and which meets the requirements of this chapter. See New Hampshire Revised Statutes 416-A:2

(b) Transact, underwrite, or issue any kind of insurance other than title insurance.
II. A title insurance company or a title insurance agent shall not:
(a) Give or receive or attempt to give or receive remuneration in any form pursuant to any agreement or understanding, oral or otherwise, for the referral of title insurance business.
(b) Give or receive or attempt to give or receive any portion or percentage of any charge made or received in connection with the business of title insurance if such portion or percentage of the charge given or received is not for services actually rendered. For purposes of this chapter, “services actually rendered” shall include, but not be limited to, a reasonable examination of a title, including instruments of record, and a determination of insurability of such title in accordance with sound underwriting practices. “Services actually rendered” shall not include the mere referral of title insurance business.