reglab/housing_qa huggingface dataset:
AR Code § 23-103-406 (2020)
2020 Arkansas Code|Title 23 - Public Utilities and Regulated Industries|Subtitle 3 - Insurance|Chapter 103 - Title Insurance|Subchapter 4 - Arkansas Title Insurance Act|§ 23-103-406. Title insurance agents — Examination of records

 The Insurance Commissioner or title insurer during normal business hours may examine, audit, and inspect any and all books, records, files, and escrow and operating accounts related to title insurance reports and policies maintained by a title insurance agency, its successor in interest, transferee, or receiver under this subchapter.
AR Code § 23-103-407 (2020)
2020 Arkansas Code|Title 23 - Public Utilities and Regulated Industries|Subtitle 3 - Insurance|Chapter 103 - Title Insurance|Subchapter 4 - Arkansas Title Insurance Act|§ 23-103-407. Agency contracts

 (a)  (1) A person acting in the capacity of a title insurance agency shall not place business with a title insurer, and a title insurer shall not accept business from a title insurance agency unless a written contract exists between the title insurer and title insurance agency.  (2) The written contract shall establish the responsibilities of the title insurer and title insurance agency and specify the division of the responsibilities if both share responsibility for a particular function.  (3) The written contract shall also contain:  (A) The types of risks that may be undertaken;  (B) The maximum authority or limits of liability;  (C) The territorial limitations;  (D) All terms of compensation for the title insurance agency;  (E) Policies and funds remittance;  (F) Termination provisions;  (G)  (i) The date by which all funds and policies due under the contract shall be accounted for to the title insurer.  (ii) The date shall be no later than sixty (60) days after:  (a) Issuance of the policy;  (b) The satisfaction of all requirements and conditions of any report; or  (c) The time specified in the contract if less than sixty (60) days; and      (H) The time in which the title insurance agency has to report and forward to the title insurer all claims filed in writing with the title insurance agency by policyholders or other claimants.      (b) The contract shall not be assigned in whole or in part by the title insurance agency unless as part of a sale of a title insurance agency or its assets and approved in writing by the title insurer.  (c)  (1) The title insurer may terminate the contract upon written notice to the title insurance agency under any of the following circumstances:  (A) Fraud, insolvency, appointment of a receiver or conservator, bankruptcy, cancellation of the title insurance agency's license or permit to do business, or the commencement of legal proceedings by the state of the domicile of the title insurance agency, which if successful would lead to the cancellation of the title insurance agency's permit or license to do business;  (B) Material breach of any provision of the contract between the title insurer and the title insurance agency; or  (C) In accordance with any other termination provision of the contract.    (2) Upon the effective date as set forth in the notice of termination from a title insurer unless otherwise agreed to in writing by the title insurer, the title insurance agency shall immediately discontinue all title insurance business on behalf of that title insurer.  (3) This subsection does not relieve the title insurance agency or the title insurer of any other contractual obligation.
AR Code § 23-103-408 (2020)
2020 Arkansas Code|Title 23 - Public Utilities and Regulated Industries|Subtitle 3 - Insurance|Chapter 103 - Title Insurance|Subchapter 4 - Arkansas Title Insurance Act|§ 23-103-408. Minimum search requirements

 (a) A title insurance report or title insurance policy shall not be issued unless the title insurance agency or title insurance agent has caused to be made a search of the title from the evidence prepared from a title plant or files of the county where the property is located or from the records of the clerk or the ex officio recorder of land records of the county that maintains records relating to real estate and any interest in the county.  (b) The search shall include a review of all matters affecting the title to the property or interest to be insured for a continuous period of not less than the immediately preceding thirty (30) years.  (c) A title insurance policy shall not be issued until the title insurer or title insurance agent has caused to be made a determination of insurability of title in accordance with the title insurer's underwriting practices.  (d) In conducting a search for the issuance of a title insurance policy, the title insurance agency and title insurance agent are acting only as agents of the title insurer and owe no duty to the insured.  (e)  (1) A cause of action for negligence does not exist by an insured under a title insurance policy against the title insurance agency or title insurance agent issuing the title insurance policy or against a title insurer for lack of reasonable care in searching and disclosing the state of title to the property.  (2) The exclusive remedy of the insured for defects in title to the property that are not identified by the title search is to file a claim against the title insurance policy subject to the terms and conditions of the title insurance policy.
AR Code § 23-103-409 (2020)
2020 Arkansas Code|Title 23 - Public Utilities and Regulated Industries|Subtitle 3 - Insurance|Chapter 103 - Title Insurance|Subchapter 4 - Arkansas Title Insurance Act|§ 23-103-409. Title insurance agent — Restrictions

 A title insurance agent shall not:   (1) Bind reinsurance on behalf of the title insurer;  (2) Permit any of its directors, officers, controlling shareholders, or employees to serve on the title insurer's board of directors if the title insurance agent wrote five percent (5%) or more of the direct premiums of the title insurer written in the previous calendar year as shown on the title insurer's most recent annual statement filed with the Insurance Commissioner, unless the title insurer and the title insurance agent are under common control or ownership;  (3) Jointly employ an individual who is employed with the title insurer unless the title insurer and the title insurance agent are under common control or ownership; or  (4) Issue a title insurance report or title insurance policy insuring the interest of an insured in real property in this state unless the title insurance agent is licensed under this subchapter and the title insurance report or title insurance policy is signed by a title insurance agent licensed under this subchapter.
AR Code § 23-103-410 (2020)
2020 Arkansas Code|Title 23 - Public Utilities and Regulated Industries|Subtitle 3 - Insurance|Chapter 103 - Title Insurance|Subchapter 4 - Arkansas Title Insurance Act|§ 23-103-410. Title insurance inventory maintenance

 (a) The title insurer and the title insurance agency shall each maintain an inventory of all numbered policy forms or policy numbers assigned to the title insurance agency by the title insurer.  (b) If title insurance policies are generated electronically by the title insurer, the title insurer shall maintain the inventory of policy numbers assigned to the title insurance agency.
AR Code § 23-103-411 (2020)
2020 Arkansas Code|Title 23 - Public Utilities and Regulated Industries|Subtitle 3 - Insurance|Chapter 103 - Title Insurance|Subchapter 4 - Arkansas Title Insurance Act|§ 23-103-411. Title insurer — Audit

 (a)  (1) At least one (1) time each year, a title insurer shall conduct an on-site audit of the escrow and closing practices related to the issuance of title insurance policies, escrow accounts, security arrangements, files, underwriting and claims practices, and policy inventory of the title insurance agencies that the title insurer has authorized to issue title insurance reports or title insurance policies on its behalf.  (2) If the title insurance agency fails to maintain separate escrow or trust accounts for each title insurer it represents, the title insurer shall verify that the funds related to closings in which the title insurer's policies are issued are reasonably ascertainable from the books of account and records of the title insurance agency.    (b)  (1) The Insurance Commissioner may promulgate rules setting forth the standards of audit and the form of audit required.  (2) The commissioner may also require the title insurer to provide a copy of its audit reports to the commissioner.  (3) Any audits shall remain confidential unless introduced as evidence at a hearing or court proceeding involving the title insurance agency or agent.
AR Code § 23-103-412 (2020)
2020 Arkansas Code|Title 23 - Public Utilities and Regulated Industries|Subtitle 3 - Insurance|Chapter 103 - Title Insurance|Subchapter 4 - Arkansas Title Insurance Act|§ 23-103-412. Title insurer — Restrictions

 A title insurer shall not:   (1) Appoint any director, officer, controlling shareholder, or employee of a title insurance agency to serve on the title insurer's board of directors if the title insurance agency wrote five percent (5%) or more of the direct premiums of the title insurer written during the previous calendar year as shown on the title insurer's most recent annual statement on file with the Insurance Commissioner, unless the title insurer and the title insurance agency are under common control or ownership; or  (2) Jointly employ an individual who is employed with the title insurance agency unless the title insurer and the title insurance agency are under common control or ownership.
AR Code § 23-103-413 (2020)
2020 Arkansas Code|Title 23 - Public Utilities and Regulated Industries|Subtitle 3 - Insurance|Chapter 103 - Title Insurance|Subchapter 4 - Arkansas Title Insurance Act|§ 23-103-413. Policyholder rights and disclosure

 (a)  (1) When a title insurance report includes an offer to issue an owner's title insurance policy covering the resale of owner-occupied residential property, the title insurance report shall be furnished to the purchaser or mortgagor or to the representative of the purchaser-mortgagor as soon as reasonably possible before closing.  (2) The title insurance report furnished to the purchaser-mortgagor shall incorporate the following statement on the first page in bold type:    (b)  (1) When an owner's title insurance policy has not been requested, a title insurer or a title insurance agency issuing a title insurance policy to a lender in conjunction with a mortgage loan involving real property made simultaneously with the purchase of all or part of the real property securing the loan shall give written notice on a form prescribed or approved by the Insurance Commissioner to the purchaser-mortgagor at the closing.  (2) The notice required by subdivision (b)(1) of this section shall explain:  (A) That a title insurance policy for the lender involving real property is issued for the protection of the mortgage lender and that the policy does not provide title insurance protection to the purchaser-mortgagor as the owner of the real property being purchased;  (B) The coverage that a title insurance policy relating to real property insures and that risks exist for the purchaser-mortgagor of real property that could be insured through the purchase of an owner's title policy involving real property; and  (C) That the purchaser-mortgagor may obtain an owner's title insurance policy at a specified premium.    (3) A copy of the notice signed by the purchaser-mortgagor shall be retained in the closing file for at least five (5) years after the effective date of the lender's title insurance policy.      “Please read the exceptions and the terms shown or referred to herein carefully. The exceptions are meant to provide you with notice of matters that are not covered under the terms of the title insurance policy and should be carefully considered.   This report is a written representation as to the condition of title for purposes of providing title insurance and lists all liens, defects, and encumbrances filed of record within the last thirty (30) years that have not been released of record or that are not statutorily expired.   No title insurance agent or any other person other than a licensed Arkansas attorney may provide legal advice concerning the status of title to the property described in the title commitment.”
AR Code § 23-103-414 (2020)
2020 Arkansas Code|Title 23 - Public Utilities and Regulated Industries|Subtitle 3 - Insurance|Chapter 103 - Title Insurance|Subchapter 4 - Arkansas Title Insurance Act|§ 23-103-414. Record retention requirements

 (a) The title insurer and the title insurance agency shall maintain sufficient records of their affairs, including evidence of underwriting title, determination of insurability, and records of their escrow operations and escrow accounts.  (b) The Insurance Commissioner may prescribe the specific records and documents to be kept and the length of time for which the records shall be maintained.
AR Code § 23-103-415 (2020)
2020 Arkansas Code|Title 23 - Public Utilities and Regulated Industries|Subtitle 3 - Insurance|Chapter 103 - Title Insurance|Subchapter 4 - Arkansas Title Insurance Act|§ 23-103-415. Rules promulgated by Insurance Commissioner

 The Insurance Commissioner shall issue rules in accordance with the Arkansas Administrative Procedure Act, § 25-15-201 et seq., to implement this subchapter.
AR Code § 23-103-416 (2020)
2020 Arkansas Code|Title 23 - Public Utilities and Regulated Industries|Subtitle 3 - Insurance|Chapter 103 - Title Insurance|Subchapter 4 - Arkansas Title Insurance Act|§ 23-103-416. Penalties — Liabilities

 (a) If the Insurance Commissioner determines that a title insurer, title insurance agency, title insurance agent, or any other person has violated this subchapter or any rule or order promulgated under this subchapter, the commissioner may order:  (1)  (A) Payment of a monetary penalty not to exceed one thousand dollars ($1,000) for each act or violation and not to exceed an aggregate penalty of ten thousand dollars ($10,000) unless the title insurer, title insurance agency, title insurance agent, or other person knew or reasonably should have known that the title insurer, title insurance agency, title insurance agent, or other person was in violation of this subchapter.  (B) If the title insurer, title insurance agency, title insurance agent, or other person knew or reasonably should have known that the title insurer, title insurance agency, title insurance agent, or other person was in violation of this subchapter, the penalty shall not exceed five thousand dollars ($5,000) for each act or violation and not exceed an aggregate penalty of fifty thousand dollars ($50,000) in any six-month period; or    (2) Suspension or revocation of the title insurer's, title insurance agency's, title insurance agent's, or other person's license if the title insurer, title insurance agency, title insurance agent, or other person knew or reasonably should have known that the title insurer, title insurance agency, title insurance agent, or other person was in violation of this subchapter.    (b) If an order of rehabilitation or liquidation of the title insurer or of conservation of assets of the title insurer has been entered and the receiver appointed under the order determines that the title insurance agency or title insurance agent or any other person has not complied with this subchapter or any rule or order promulgated under this subchapter and the title insurer suffered any resulting loss or damage, the receiver may maintain a civil action for recovery of damages or other appropriate sanctions for the benefit of the title insurer and its policyholders and creditors.  (c) This section does not affect the right of the commissioner to impose any other penalties provided under § 23-64-101 et seq.
AR Code § 23-103-417 (2020)
2020 Arkansas Code|Title 23 - Public Utilities and Regulated Industries|Subtitle 3 - Insurance|Chapter 103 - Title Insurance|Subchapter 4 - Arkansas Title Insurance Act|§ 23-103-417. Access to public records

 (a) A title insurance agent, a title insurance agency, and a person affiliated with a title insurance agency shall:  (1) Have free access to the instruments of record affecting real property filed in any city, county, or state office; and  (2) Be permitted to:  (A) Occupy reasonable space, use equipment, and make memoranda, notations, and copies of instruments of record during the business hours of the city, county, or state office; and  (B) Compile, post, copy, and maintain books, records, and indices.      (b)  (1) A title insurance agent, a title insurance agency, and a person affiliated with a title insurance agency has the right of access to any instrument filed of record in a city, county, or state office no later than the close of business of the first business day following the day the instrument was filed.  (2) A fee shall not be charged for providing access to the instrument.    (c) As used in this section, “access” means possession of an instrument sufficient to mechanically reproduce the instrument in the office where the instrument is filed.  (d)  (1) A person entitled to access under this section that is denied access may petition immediately to a circuit court of competent jurisdiction.  (2) Upon written complaint of a person or an interested party denied a right provided by this section, the circuit court having jurisdiction shall hear the complaint within seven (7) days of the date the complaint is filed.  (3)  (A) In an action or appeal of an action to enforce the rights granted by this section, the court shall assess against a losing party reasonable attorney's fees and other litigation expenses reasonably incurred by a party that has substantially prevailed unless the court finds that the position of the losing party was substantially justified or that other circumstances make an award of attorney's fees and other litigation expenses unjust.  (B) Expenses shall not be assessed against the State of Arkansas or any of its agencies or departments.  (C) If at trial a defendant has substantially prevailed in the action, the court may assess attorney's fees and litigation expenses against a plaintiff only upon a finding that the action was initiated primarily for frivolous or dilatory purposes.
AR Code § 23-110-101 (2020)
2020 Arkansas Code|Title 23 - Public Utilities and Regulated Industries|Subtitle 4 - Miscellaneous Regulated Industries|Chapter 110 - Arkansas Horse Racing Law|Subchapter 1 - General Provisions|§ 23-110-101. Title

 This chapter shall be referred to and may be cited as the “Arkansas Horse Racing Law”.
AR Code § 23-110-102 (2020)
2020 Arkansas Code|Title 23 - Public Utilities and Regulated Industries|Subtitle 4 - Miscellaneous Regulated Industries|Chapter 110 - Arkansas Horse Racing Law|Subchapter 1 - General Provisions|§ 23-110-102. Inconsistent statutes inapplicable

 Section 5-66-116 and all other acts and parts of acts inconsistent with any of the provisions of this chapter are expressly declared not to apply to any person, partnership, group, association, trust, or corporation engaged or participating in racing, or making or contributing to the pari-mutuel or certificate method of wagering, in manner and form as provided for by this chapter, at any race meeting held or conducted by any franchise holder having a license for the holding or conducting of race meetings as provided by this chapter.
AR Code § 23-110-103 (2020)
2020 Arkansas Code|Title 23 - Public Utilities and Regulated Industries|Subtitle 4 - Miscellaneous Regulated Industries|Chapter 110 - Arkansas Horse Racing Law|Subchapter 1 - General Provisions|§ 23-110-103. Construction

 Nothing contained in this chapter shall in any way be construed to apply to any other method or manner of racing except the racing of horses as provided in this chapter.
AR Code § 23-110-104 (2020)
2020 Arkansas Code|Title 23 - Public Utilities and Regulated Industries|Subtitle 4 - Miscellaneous Regulated Industries|Chapter 110 - Arkansas Horse Racing Law|Subchapter 1 - General Provisions|§ 23-110-104. Disposition of license fees, fines, etc

 (a) All permits or license fees, excise or privilege taxes, penalties, fines, costs, and other amounts received by the Arkansas Racing Commission under the provisions of this chapter shall be general revenues and shall be deposited into the State Treasury to the credit of the State Apportionment Fund.  (b) The Treasurer of State shall allocate and transfer the general revenues referred to in subsection (a) of this section to the various State Treasury funds participating in general revenues in the respective proportions to each as provided by and to be used for the respective purposes set forth in the Revenue Stabilization Law, § 19-5-101 et seq.  (c)  (1) However, any increase in the amount designated by the commission for licensing fees after January 1, 2017, shall be returned to and deposited into a cash fund of the Racing Division.  (2) With the approval of the commission, funds deposited into the cash fund under subdivision (c)(1) of this section shall be used to pay for drug testing or other expenses related to the regulation of horse racing in Arkansas.
AR Code § 23-110-105 (2020)
2020 Arkansas Code|Title 23 - Public Utilities and Regulated Industries|Subtitle 4 - Miscellaneous Regulated Industries|Chapter 110 - Arkansas Horse Racing Law|Subchapter 1 - General Provisions|§ 23-110-105. Racing passes

 (a) The Secretary of the Department of Finance and Administration shall set a maximum number of racing passes to be printed and issued annually, and it shall not be less than the number printed in 1990.  (b)  (1) Racing passes provided to and accepted by members of the General Assembly and constitutional officers are to be distributed by them to:  (A) Their constituents, in order to provide a statewide distribution of the racing passes; and  (B) Persons residing outside the State of Arkansas, in order to promote tourism and advance the economic interests of the state.    (2) The passes provided to the members of the General Assembly and constitutional officers are not for their personal use but are for redistribution as provided in this section and therefore do not constitute gifts or compensation to members of the General Assembly and constitutional officers for the purposes of any law of this state.    (c) This section does not prohibit members of the General Assembly and constitutional officers from redistributing racing passes to other members of the General Assembly or other state constitutional officers.