How long must records be retained under Missouri law after a title policy is issued?

Under Missouri law, records related to title insurance policies must be retained for the duration of the policy term plus an additional two years. This requirement ensures that relevant records are available for a sufficient time frame to address any potential claims or inquiries that may arise after the policy is issued.

Retaining these records allows for proper documentation of transactions, which is crucial in resolving disputes or verifying information related to the policy. This retention period aligns with best practices in the industry, as it helps protect both the insurer and policyholders by ensuring access to historical information when necessary. By adhering to this regulation, title insurance producers can maintain compliance with state laws and safeguard the interests of their clients.