A title policy may not be issued to which of the following?

A title policy is specifically designed to protect the interests of parties who have a vested interest in the property, ensuring they are covered against any potential title defects, liens, or encumbrances that could affect their ownership or financial stake in the property. When considering the options provided, non-secured creditors do not hold an interest in the title of the property itself. They may have a claim against the property owner for a debt, but without a lien or security interest in the property, they are not entitled to title insurance.

In contrast, secured creditors, property owners, and financial institutions all hold some form of interest in the property and, thus, are eligible for title insurance. A secured creditor has a legal claim against the property, as they possess a mortgage or lien that secures their loan; property owners obviously have a direct interest in the title; and financial institutions typically engage in securing loans with collateral tied to property, making them eligible as well. Therefore, the correct answer stems from the distinction of ownership and claim to the property itself, which non-secured creditors lack.