MO SB166

Requires title agencies (including title insurers engaged in direct operations) to be licensed business entity insurance producers and maintain a physical place of business in Missouri substantially devoted to title insurance business.

Requires title agents to be licensed individual insurance producers and either maintain a physical place of business in Missouri for title insurance business, be employed by a Missouri-licensed title insurer or agency, or qualify for exemption.

Exempts salaried employees from licensure if they do not materially perform or supervise title insurance sales, premium calculations, insurability determinations, charge negotiations, title searches, policy executions, or escrow/settlement/closing activities.

Permits the director to allow provisional licensure or waiver of licensure for newly hired employees during their first six months under direct supervision of a licensed insurance producer.

Establishes that title agencies must exclude words "insurer," "insurance company," or "underwriter" from business names unless "agency" is also included, and violations are classified as level three violations under Missouri law.