                                 CODE OF VIRGINIA

ACCOUNTING BY TITLE INSURANCE COMPANIES (§ 55.1-1013)

A title insurance company domiciled in the Commonwealth or acting in the
capacity of a settlement agent pursuant to this chapter shall account for funds
held and income derived from escrow, closing, or settlement services in
accordance with the applicable instructions of, and the accounting practices and
procedures manuals adopted by, the Association when filing the annual statements
and reports required under Chapter 13 (§ 38.2-1300 et seq.) of Title 38.2.

HISTORY: 1997, c. 716, § 6.1-2.25; 2004, cc. 336, 597; 2010, c. 794, §
55-525.29; 2019, c. 712.