LEO: Title Insurance - Attorney Participation LE Op. 545
Title Insurance - Attorney Participation in Company.
March 1, 1984
It is not improper for an attorney to participate in a title insurance
agency as a shareholder, when the management of the agency is restricted
to an organization in which one or more of the attorneys/agency
shareholders have ownership control, and where agency shareholders receive
agency profits as a result of timely distributions as opposed to direct
commissions or payments of profits with respect to specific policies at
To the extent § 38.1-733.1 of the Code of Virginia may apply, the
attorney may be in violation of Disciplinary Rule 1-102(A)(3) [ DR:1-
102]. [ LE Op. 187]
Committee Opinion March 1, 1984
See also LE Op. 591, LE Op. 603, and LE Op. 825.