After a search of title records, an insurance company (for a fee) issues a document indicating any existing defects in (i.e., clouds on) title that its insurance policy will not cover/defend against (i.e., exceptions to coverage, exclusions from coverage). That real estate industry standard term for that document is the

a. Title Insurance Policy Statement (TIPS).

b. Coverage And Title Statement (CATS).

c. Preliminary Title Report (PTR).

d. Exclusion from Insurance Report (EIR).