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Are insurer premium splits with Illinois attorney agents illegal kickbacks?
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Court Report
Tuesday, December 15, 2015
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Illinois homeowners filed suit against their title insurers, claiming they made illegal kickback payments to attorney agents by splitting the title insurance premium with the agents. They argued that the payments were unlawful because the title companies provided the attorneys with a pro forma title commitment that determined the insurability of the properties’ titles, core title services that are to be performed by the agent under state law. After the trial court ruled in favor of the title companies, the homeowners appealed the decision to the First District Court of Appeal of Illinois. Read on for more details.
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