Deadline for NAIC Mandatory Reporting of Property Type and Rate Draws Concern

December 27, 2011

Effective Jan. 1, 2012, the National Association of Insurance Commissioners (NAIC), which governs annual statement reporting requirements for the title insurance industry, will require the property type and rate on all reported title policies. Read on to find out what ALTA is requesting from the NAIC.

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SoftPro, based in Raleigh, NC, offers a mature suite of products, designed specifically for the closing and title industry. Our mission is to serve our client base, with best-in-class products and services. Our products are modular so we don't force you to buy anything you don't need. You can always add on as your business grows. Unlike other software companies, we view the sale as the beginning of the relationship rather than the end. North American Title Insurance Company (NATIC) is a seasoned title insurance underwriter, helping title agents to achieve their individual business goals for more than 50 years. Today, the company conducts real estate settlement services in 39 states and the District of Columbia through a network of experienced, independent agents.