Ohio Code § 3953.23
Ohio Code § 3953.23. Reproduced from the official Ohio Revised Code, with a citation summary, verification link, and related provisions.
§ 3953.23.
(A) Every title insurance agent shall keep books of account and record and vouchers pertaining
to the business of title insurance in such manner that the title insurance company
may readily ascertain from time to time whether the agent has complied with this chapter. (B) A title insurance agent may engage in the business of handling escrows of real property
transactions provided that the agent shall maintain a separate record of all receipts
and disbursements of escrow funds and shall not commingle any such funds with the
agent's own funds or with funds held by the agent in any other capacity; and if at
any time the superintendent of insurance determines that an agent has failed to comply
with any of the provisions of this section, the superintendent may revoke the license
of the agent pursuant to section 3905.14 of the Revised Code , subject to review as provided for in Chapter 119. of the Revised Code. (C) All title insurance agents or agencies that handle escrows in real property transactions
not involving the issuance of title insurance shall have coverage that protects the
parties to such transactions against theft, misappropriation, fraud, or any other
failure to properly disburse settlement, closing, or escrow funds. The superintendent shall adopt rules under Chapter 119. of the Revised Code setting
forth the minimum requirements for such coverage, including, but not limited to, the
minimum amounts, terms, and conditions of such coverage. (D) The superintendent shall require every title insurance agent or agency and any subcontractors
to maintain an errors and omissions policy, in any amount exceeding minimum limits
established by the superintendent, that includes but is not limited to coverage for
the agent's or agency's delegation of any agent or agency function. The superintendent shall adopt rules under Chapter 119. of the Revised Code setting
forth the minimum requirements for that coverage, including but not limited to the
minimum amounts, terms, and conditions of the coverage.
Source: official Ohio text · Last verified 2026-08-27
At a glance
- Citation: Ohio Revised Code § 3953.23
- Jurisdiction: Ohio
- Code: Ohio Revised Code
- Text: transcribed from the official source (verify below)
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Statute text is transcribed from the official Ohio Revised Code. Confirm it against the primary source before relying on it:
Not legal advice. Verify against the official source and consult a licensed Ohio attorney.
Common questions
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The text above is transcribed from the Ohio Revised Code, the codified statutes of Ohio. The official publisher link appears under "Verify the text" on this page.
What subject does Ohio Revised Code § 3953.23 address?
It addresses the rule set out in the section text. Read the section together with the surrounding provisions listed under "Nearby provisions" for the full picture.
Is Ohio Revised Code § 3953.23 still in force?
Statutes are amended, repealed, and renumbered every session. Confirm the current version at the official Ohio source before relying on this text.
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