MARYLAND INSURANCE ADMINISTRATION PROHIBITS
TITLE AGENTS FROM PROVIDING FREE HOME WARRANTIES
In a bulletin issued on December 18, 2017, the Maryland Insurance Administration has declared that “offering rebates or discounts in the form of free home warranties or home inspections as thank you gifts to consumers who purchase a title insurance policy from an insurance producer is prohibited by Maryland insurance law.”
The Administration memo further stated that this prohibition applies “regardless of whether a title insurance purchase is ultimately made.”
