Tuesday, October 26, 2010

Insurance Department gets $1.5M settlement - Sacramento Business Journal:

http://abi98.net/School-Closings/Schools-For-Import-Export-Preparation/
million and immediately stop aiding and abettinb unlicensed firms conducting business illegally in The settlement, announced by the Department of Insurance Wednesday, followsa the agency's investigation into Stewart Title, Electronic which does business as , and . Richmond did not participate inthis settlement, and the Department is continuing lega l action against the company. Both Stewar Title and Electronic Closing are basedsin Houston, while Richmond is bases in Nashville, Tenn.
The investigation found that between March 2005 and Januar 31 ofthis year, Richmond Titler Services "repeatedly violated California's insurance code by operatingb as an underwritten title company withouft holding a license from the Californiaq Insurance Commissioner," a Department news releasde said. Insurance Commissioner Steve Poizner orderex Richmond Title in March to stop operating without a license, and for Stewart Title and E-Title to stop assistinbg Richmond Title.
Richmond Title had an agreement with the two companiesw toprepare -- and did prepare more than 2,172 -- title searches, title examinations, title and/or certificates of abstracts of title on theif behalf, the Department said.

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