Which of the following best describes title insurance?
A) A contract that guarantees an owner of land that all governmental police powers have been properly exercised and disclosed of record.
B) A contract that indemnifies an owner of land against loss or damages from defects in title subject to the terms of the policy.
C) A contract of adhesion which indemnifies owners of land against fraud.
D) An indemnification contract that protects insurers from losses resulting from defects in title originating after the policy is issued.