Is it legal for a person to transact business of title insurance without being authorized?

Transacting business of title insurance without proper authorization is indeed illegal. In Missouri, individuals and entities must be licensed as title agents or producers to engage in the sale, negotiation, or issuance of title insurance policies. This requirement is in place to ensure that those involved in the title insurance process are knowledgeable about the laws, regulations, and practices that govern the industry, as well as to protect consumers from unlawful transactions.

The licensing process typically involves passing examinations and fulfilling specific education or training requirements. Operating without authorization can lead to severe penalties, including fines and criminal charges, reinforcing the need for adherence to regulatory standards in the title insurance market. Therefore, only properly licensed individuals can legally handle title insurance matters, which is why the answer identifies that it is illegal to transact without authorization.