SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person* MARKEL CORP (Last) (First) (Middle) 4521 HIGHWOODS PARKWAY (Street) GLEN ALLEN VA 23060 (City) (State) (Zip)	2. Date of Event Requiring Statement (Month/Day/Year) 12/15/2014	3. Issuer Name and Ticker or Trading Symbol INVESTORS TITLE CO [ ITIC ]
		4. Relationship of Reporting Person(s) to Issuer (Check all applicable) Director X 10% Owner Officer (give title below) Other (specify below)	5. If Amendment, Date of Original Filed (Month/Day/Year)
			6. Individual or Joint/Group Filing (Check Applicable Line) X Form filed by One Reporting Person Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Common Stock	213,300	I	Held by subsidiaries(1)

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. The Reporting Person is deemed to have indirect beneficial ownership of the shares of the Issuer's Common Stock held by Essex Insurance Company, Markel American Insurance Company and Evanston Insurance Company, each of which is a wholly owned insurance company subsidiary of the Reporting Person. The event requiring this statement was the withdrawal from registration, effective December 15, 2014, of Markel-Gayner Asset Management Corporation ("Markel-Gayner"), a wholly owned subsidiary of the Reporting Person, as an investment advisor registered with the Commission. Markel-Gayner has voting and investment power with respect to these shares by virtue of acting as an investment adviser to the insurance company subsidiaries of the Reporting Person.

Remarks:

	/s/ Thomas S. Gayner, President and Chief Investment Officer	01/23/2015
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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