The following words or terms, when used in this subchapter, shall have the following meaning, unless the context clearly indicates otherwise.“Simultaneous issue” means a loan policy, an owner’s policy, or leasehold policy insuring the same real property and containing the same effective date.
“Title insurance business” or “business of title insurance” means:(A) issuing or offering to issue a title insurance policy;
(B) transacting or proposing to transact any of the following activities when conducted or performed in contemplation of the issuance of a title insurance policy:(i) negotiating on behalf of a title insurer, the issuance of a title insurance policy; (ii) guaranteeing, warranting or otherwise insuring the correctness of title searches; (iii) executing or countersigning title insurance policies; (iv) abstracting, searching or examining titles, preliminary to the issuance of a commitment; (v) doing or proposing to do any business in substance equivalent to any of the foregoing in a ...