The Washington Office of the Insurance Commissioner adopted rulemaking regarding out-of-state title records storage. The rule goes into effect Jan. 1.
The rulemaking amends WAC 284-29-160 to add a provision requiring title insurance companies and agents to store its records in the state, unless otherwise approved by the commissioner.
It states, “Title insurance companies and agents must request approval from the commissioner prior to storing their records outside of the state.” Requests must be emailed to [email protected].
It requires the commissioner to review and consider approval of the out-of-state title records storage if the records are readily accessible, securely stored, and maintained by the required statutory terms.
“If the title insurance company or agent plans to change the approved location of the out-of-state- record storage, notification to the commissioner is required and reapproval must be granted prior to the change,” the rulemaking states. “Out-of-state record storage must comply with the security and data breach reporting requirements in WAC 284-04-625.”