For how many years must evidence of insurability and reasonable title search be maintained after a title commitment or policy is issued?

The correct answer is based on the requirements set forth by the Florida Administrative Code regarding record retention for title insurance. Specifically, evidence of insurability and reasonable title search must be maintained for a period of seven years after the title commitment or policy is issued.

This retention period is important because it allows for the review and verification of the underwriting process should any questions or disputes arise about the title insurance policy in the future. Keeping these records on file ensures that title agents and insurers can demonstrate that they conducted thorough due diligence before issuing coverage, meeting both legal and professional responsibilities.

While some options suggest different lengths of time, the seven-year requirement is a standard practice within the title insurance industry to ensure compliance with regulations and to uphold the integrity of the title insurance process.