Section 0780-01-12-.01 - DEFINITIONS(1) All words and phrases used herein which are defined in T.C.A. §56-35-102 shall have the meaning set forth therein.(2) "All inclusive rate" means the aggregate consideration paid, or to be paid to a title insurance company, a title insurance agency, a title insurance agent, an approved attorney for a title insurance company, or any combination thereof in conjunction with the issuance of such company's commitment, binder or policy of title insurance for those functions embraced by the definition of "risk rate" in T.C.A., §56-35-102(a)(8), and for those matters such as abstracting, record search and the examination or determination of insurability in conjunction with the issuance of such commitment, binder or policy in accordance with T.C.A., §56-35-129 and other matters related to assumption of a title insurance risk.(3) "Abstract of title" means a history of title to real property or an interest therein for a given period of time consisting of a listing, summary, copy or some combination thereof of documents or matters affecting said title and imparting constructive notice under the laws.(4) "Title plant" means a set of records in which an entry has been made of documents or matters imparting constructive notice under the law of matters affecting title to real property or any interest therein or encumbrance thereon, which has been filed or recorded in the jurisdiction for which such title plant is maintained, and may also include maps and back title files.(5) "Approved attorney" means an attorney at law admitted to practice in this state who is not an agent or employee of the title insurance company and whose certification as to status of title such title insurance company is willing to accept as the basis for issuance of its title insurance policy.Tenn. Comp. R. & Regs. 0780-01-12-.01
Original rule certified June 10, 1974. Repeal and new rule filed January 20, 1984; effective February 19, 1984. Repeal and new rule filed November 10, 1994; effective January 24, 1995.Authority: T.C.A. §§ 56-35-102, 56-35-122 and 56-35-129.