(1) A title insurer may invest in a title plant if an amount equal to the insurer's minimum capital or surplus is also invested in investments otherwise authorized by the Insurers Investment Act.
(2) A title plant shall be valued at its fair value. For purposes of determining fair value: (a) No value shall be attributed to furniture and fixtures; (b) The real estate in which the title plant is housed shall be considered real estate; and (c) The value of title abstracts, title briefs, copies of conveyances and other documents, indices, and other records comprising the title plant shall be determined by considering the expenses incurred in obtaining them, the age thereof, the cost of replacement less depreciation, and all other relevant factors.
