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 is the nation's leading provider of closing and title software, consistently pushing the technological envelope to pioneer the most powerful and comprehensive closing and title automation software on the market. SoftPro's Award-Winning Software combines cutting-edge technology with outstanding support to make your business more productive, efficient and boost your revenue. 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.