Which of the following statements is true regarding title insurance transactions?

The statement that only authorized agents can conduct title insurance business is accurate because title insurance is a regulated industry that requires individuals to hold specific licenses and certifications. In Missouri, for example, title agents must be licensed by the state to ensure they are knowledgeable about the laws and practices surrounding real estate transactions and title insurance. This requirement protects consumers by ensuring that the agents engaged in these transactions are qualified and adhere to industry standards.

The other options suggest that anyone can engage in title insurance transactions, which undermines the importance of regulation and oversight in the field. Title insurance involves significant legal and financial implications, which is why it is essential for only trained and authorized individuals to handle these transactions.