KRS 304.22-030: Powers of title insurer.

A title insurer shall have corporate powers as set forth in KRS 271B.3 -020, and in

addition shall have power to:

(1) Examine titles to real estate and chattels real and personal, and to procure and

furnish information relative thereto.

(2) Make and guarantee the correctness of searches of all instruments, liens, or changes

affecting the titles set out in subsection (1) of this section.

(3) Make insurance of every kind pertaining to or connected with titles to real estate

and chattels real and personal; and to make and issue such policies and other

instruments as may be required to insure owners of real estate and chattels real and

personal, mortgages, and others having an interest therein, from loss by reason of

liens, encumbrances, and defective titles.

(4) Act as trustee under mortgages or deeds of trust executed to secure payment of

bonds where the title to the real estate and chattels real and personal included in the

mortgage or deed of trust has been examined and approved by the insurer; to act as

agent in fact for investors in, and the holders of mortgages or deeds of trust or

bonds, notes or other evidences of indebtedness mentioned in Subtitle 7, in the

purchase, sale and servicing thereof.

(5) To acquire and hold, subject to Subtitle 7, such real est ate and chattels real and

personal as may be necessary or convenient for the conduct of its business,

including real estate and chattels real and personal taken in satisfaction of debts due

the insurer or by subrogation under its guaranties or insurance, a nd to sell, lease,

pledge, mortgage and convey such property.