As defined herein, a local representative of an escrow agent, who has either registered under chapter 153, Laws of 1965, the escrow agent registration act, or who is exempted from the provisions thereof, is not required to register.
Section 2, chapter 153, Laws of 1965, of the escrow agent registration act, exempts title insurance companies that engage in the escrow business from the provisions of the act but does not similarly exempt title companies.
Applicants for registration under the escrow agent registration act, chapter 153, Laws of 1965, who are individuals or partnerships not having any officers or employees are not required to obtain a "primary commercial blanket bond" since coverage under such bond only protects the employers from the acts of his employees and officers.