W. Va. Code R. § 114-77-3 - Definitions
As used in this rule:
3.1. "Commercial" means any title insurance
not meeting the definition of "non-commercial.
3.2. "Commissioner" means the West Virginia
Insurance Commissioner.
3.3.
"Noncommercial" means insurance that insures title to (a) property, other than
property of a business or professional nature, which is used predominantly for
residential, personal, family or household purposes; and (b) unimproved
property that is intended for such purposes.
3.4 "Title insurance" means insurance of
owners of property or others having an interest therein, or liens or
encumbrances thereon, against loss by encumbrance, defective title, invalidity
or adverse claim to title.
Notes
State regulations are updated quarterly; we currently have two versions available. Below is a comparison between our most recent version and the prior quarterly release. More comparison features will be added as we have more versions to compare.
No prior version found.