“INSURED” is the party to whom coverage is extended by the terms of the policy.
“INSURER” is a title insurance company which is a member or subscriber of the Title Insurance
Rating Bureau of Pennsylvania. Unless otherwise indicated, “Insurer” includes all who are
expressly authorized to act on behalf of the Insurer, including its employees and Agents.
“AGENT” is a person, firm, association, corporation, partnership, cooperative or joint stock
company expressly authorized by written contract with an Insurer to solicit risks, collect fees,
and prepare Commitments and/or title insurance policies on its behalf and certified by the
Insurance Department of the Commonwealth of Pennsylvania (“Department”).
“APPROVED ATTORNEY” is an attorney admitted to practice in Pennsylvania who because of
experience and knowledge of real estate law in Pennsylvania is approved by an Insurer and
upon whose examination of title and report the Insurer or Agent may issue a policy of title
insurance. Such Approved Attorney must take financial responsibility for the search,
examination, closing, and the final certification of title to the Insurer or Agent in a real estate
transaction. Such Approved Attorney may not also act as an employee of an Insurer, an
Agent, or an employee or affiliate of an Agent in a transaction in which he or she acts as an
“COMMITMENT”, as used herein, is the agreement of an Insurer to issue its policy or policies of
title insurance to a proposed Insured, as owner or mortgagee of an estate or interest in the
land described therein, all subject to the provisions set forth in the Schedules and Conditions
and Stipulations of said Commitment. The Commitment sets forth the requirements
including payment of premium and Charges, that must be complied with prior to the issuance
of the policy or policies.
“CHARGE(S)” used herein means “fee” as defined in Section 701 of The Insurance Company
Law of 1921 and includes “premium, examination and settlement or closing fee and every
other Charge” provided for in this Manual made by an Insurer, Agent or by Approved