Home / Expert Opinion / Title Track: Affiliation, disclosures, and the title industry: What does DFS Regulation 206 change?

Title Track: Affiliation, disclosures, and the title industry: What does DFS Regulation 206 change?

The New York State Department of Financial Services (DFS) instituted Insurance Regulation 206 on Oct. 18, 2017. These new regulations focus on title insurance agents, affiliated relationships, and required disclosures. In addition to reaffirming the prohibition on inducements to title insurance business in affiliate relationships, new Section 35.4 of Regulation 206 imposes specific restrictions on ...

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