What document must title insurers maintain as evidence of their compliance with licensing requirements?

Title insurers are required to maintain copies of current licenses of each producer as a critical aspect of demonstrating compliance with licensing requirements. This documentation serves as proof that all individuals involved in the sale or management of title insurance have met the necessary qualifications and regulatory standards set forth by the state. Ensuring that all producers are properly licensed not only protects the insurer from potential legal issues but also ensures consumer confidence in the services being provided.

Maintaining accurate records of each producer's licensing status is an essential part of regulatory compliance and helps title insurers avoid penalties and potential disciplinary actions from regulatory authorities. This practice supports the integrity of the title insurance industry and promotes adherence to ethical standards and state laws governing the profession.

Other documents, such as financial statements, transaction logs, and title policy templates, do not serve the specific purpose of licensing compliance and thus do not fulfill the requirement in this context.