A title insurer is not entitled to have a certificate of authority unless:

     (1) It is a stock corporation;

     (2) It owns or leases and maintains a complete set of tract indexes of the county in this state in which its principal office is located; and

     (3) It has and maintains the capital and surplus requirements set forth in RCW 48.05.340.

[2005 c 223 § 15; 1990 c 76 § 1; 1955 c 86 § 12; 1947 c 79 § .29.02; Rem. Supp. 1947 §45.29.02 .]

NOTES:

     Effective date -- Supervision of transfers -- 1955 c 86: See notes following RCW 48.05.080.