Welcome Revised Rule P -24 – It’s Official Online Discussion March 24, 2008 10:00 a.m. – 10:30 a.m.

1. WelcomeRevised Rule P-24 – It’s Official Online Discussion March 24, 200810:00 a.m. – 10:30 a.m. Attendee Audio Dial: (616) 883-8055 Access Code: 481-297-758 Attendee Audio: (616) 883-8055 Access Code 481-297-758

2. Attendee Audio: (616) 883-8055 Access Code 481-297-758

3. Panelists • Moderator • Paul Cones, President • CourthouseDirect.com • Integrity Title Records • TitlewithTexans.com • PriorWrittenAgreement.com • Guests: • Bob Philo, Western Region Counsel • Southern Title Insurance Corp. • Brian Trettel, Vice-President • Integrity Title Company • Integrity Title Records Attendee Audio: (616) 883-8055 Access Code 481-297-758

4. P-24 Discussion Presented by What is TitlewithTexans.com? Referral Network of Independent Agents Who can use TitlewithTexans? Consumers | Real Estate Agents | Mortgage Lenders | Banks | Developers  Home Builders | Investors | Title Agents How Does TitlewithTexans work? • Choose Closing Agent & Location • Order Title Evidence • Close the Transactions Attendee Audio: (616) 883-8055 Access Code 481-297-758

5. P-24 Discussion Agenda • Commission’s Order • P-24 – Review • PriorWrittenAgreement.com • Questions & Answers Goal: Provide information and answer questions regarding new Procedural Rule 24 “P-24” Important Note: A final Order HAS NOW been issued by the Commissioner of Insurance will be effective July 1, 2008 giving agents a 90-day grace period to get their Prior Written Agreement in place. Attendee Audio: (616) 883-8055 Access Code 481-297-758

6. Antitrust Compliance Statement TitlewithTexans.com Online Meeting February 7, 2008 The antitrust laws of the United States are intended to prevent any cooperative attempt to control, interfere with, or restrict free trade. The object of this meeting is to share general information regarding the new Procedural Rule 24 of the Texas Department of Insurance and other related business. This information is to be used solely for the formation of individual business judgments based upon one’s own knowledge and experience. It does not imply in any manner that any business relationship be conducted or modified in any way. There is to be no discussion of prices or contract terms. Future plans, policies, or future intentions of attendees may not be reported or discussed. Discussion of business practices and policies must be general in nature. No agreements of understandings may be made with respect to any customer or client, or the terms, prices or policies of doing business. Attendees shall not give advice or otherwise attempt to influence the independent judgment of other attendees in using the information discussed today to make business decisions. Attendee Audio: (616) 883-8055 Access Code 481-297-758

7. TDI Rule P-24 Texas Department of Insurance Commissioner has issued an order officially adopting amendments considered during the rulemaking phase of the 2006 Texas Title Insurance Biennial Hearing. Agenda item 2006-65 relating to P-24 will be effective July 1, 2008. Click here to view Commissioner's Order No. 08-0186.Click here to view Commissioner's Order No. 08-0187 Page 12 for Adoption Order Page 19 for Agent CommentsClick here to view the adopted agenda items. Attendee Audio: (616) 883-8055 Access Code 481-297-758

8. Summary of Commissioner’s Order 1.  Changes premium split for transactions involving an insured policy amount in excess of $125,000 from a recommended 60/40 split to a mandatory 50/50 split unless a Prior Written Agreement is in place 90 days prior to Closing:    2.  Payment shall not exceed fifty percent for furnishing title evidence, or furnishing title evidence and title examination, and shall not exceed fifty percent for closing the transaction, or closing the transaction and title examination unless a PWA is in place 90 days prior to closing the transaction. Furnishing title evidence, or furnishing Title evidence and title examination                                    50%Closing the transaction, or closing the transaction and title examination                                         50% 3.  Transactions less than $125,000 a 90/10 split will be a mandatory split unless both conditions are met:(1) You are a licensed Agent in a contiguous county(2) You have a PWA in place at least 90 days prior to Closing Exception: If the transaction is $125,000 or less you may negotiate a Prior Written Agreement only if you are licensed in the same or contiguous county. Attendee Audio: (616) 883-8055 Access Code 481-297-758

9. Important Dates July 1, 2008 – Effective Date of New Rule April 1, 2008 – 90 days prior to Effective date Attendee Audio: (616) 883-8055 Access Code 481-297-758

10. PriorWrittenAgreement.com Features: • Request Prior Written Agreements Statewide • Download Sample PWA’s • P-24 Rule A to Z • Prior Written Agreement Resources • Texas County Map • Latest TDI Agent by County List • Contiguous Texas County List • PWA Agency Registration Attendee Audio: (616) 883-8055 Access Code 481-297-758

11. P-24 Discussion Presented by • Moderator - • Paul Cones, President • CourthouseDirect.com • Integrity Title Records • TitlewithTexans.com • PriorWrittenAgreement.com • Guests - • Bob Philo, Western Region Counsel • Southern Title Insurance Corp. • Brian Trettel, Vice-President • Integrity Title Company • Integrity Title Records Attendee Audio: (616) 883-8055 Access Code 481-297-758

12. Q&A • How does P-24 work when we have to buy title evidence from a local attorney or have someone go to the county to do a search? ie. All local title plants refuse to provide title evidence or split a fee. • What is the penalty for back dating a Prior Written Agreement? Attendee Audio: (616) 883-8055 Access Code 481-297-758