Section 125.1. Prohibited rebates and inducements

A title insurance company or agent or approved attorney of a title insurance company may not pay to an approved attorney, real estate broker, real estate salesman, attorney at law or other person, partnership or corporation, who or which, from time to time, apply to a title insurance company or to an agent of a title insurance company for title insurance and who at the time of the application are not licensed agents for a title insurance company, compensation, consideration, benefit or remuneration directly or indirectly.

The provisions of this § 125.1 amended June 25, 1999, effective June 26, 1999, 29 Pa.B. 3209. Immediately preceding text appears at serial page (143745).

Notation

Authority

The provisions of this § 125.1 amended under the authority of sections 206, 506, 1501 and 1502 of The Administrative Code of 1929 (71 P. S. § § 66, 186, 411 and 412); sections 701(4) and 731 of The Insurance Company Act of 1921 (40 P. S. § § 910-1(4) and 910-31); and sections 635 and 636 of The Insurance Department Act of 1921 (40 P. S. § § 275 and 276).