For how long shall evidence of examination of title and determination of insurability be preserved?

The correct answer is that evidence of examination of title and determination of insurability must be preserved for a period of 15 years. This duration is significant because it aligns with the legal and regulatory requirements for maintaining records related to title insurance.

Preserving this evidence for 15 years ensures that there is a comprehensive record available for reference in case of disputes, claims, or other issues related to the title insurance policy. This retention period helps protect both the title agent and the insured parties by providing a thorough and accessible historical account of the title's status during that time frame.

In the context of title insurance, having a solid record of the examination and determinations made is crucial for defending against claims or challenges that may arise after the issuance of a title insurance policy. Therefore, the selection of 15 years reflects a standard practice that balances the need for legal compliance with the practicalities of business operations within the title insurance industry.