DIFI; title companies; recorded documents

This bill clarifies rules for title insurance companies in Arizona regarding how they must file policy forms and when those forms become effective. It requires insurers to submit all policy forms to the state director at least thirty days before issuing them, allowing time for review unless the director explicitly approves or disapproves the form within that window. The legislation also updates standards for indemnity agreements, specifying exactly when third parties can hold title insurers harmless against recorded documents, such as requiring written agreements that clearly describe the instrument or confirm it secures an outstanding debt. Additionally, the bill mandates that these indemnity agreements must be separate documents and cannot be included within the title insurance policy itself.