Permits marketing activities for title insurance corporations and agents, excluding rewards for business placement.
This bill amends the insurance law to allow title insurance corporations and agents to engage in usual and customary marketing activities to inform customers about the advantages of using a particular title insurer or agent. Permitted activities include advertising, meals and beverages during business discussions, continuing legal education, and charitable contributions. It prohibits rewards for business placement and specific monetary gifts. Violations are subject to penalties.
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