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North American Title Insurance Company is a seasoned title insurance underwriter that has been helping customers achieve the American dream of homeownership for more than 50 years. In the past several years, we have become known as the “underwriter next door,� because our associates are always easy to reach and our processes are, at all times, quick and straightforward. Our agency application process is fast and transparent for qualified agents. NATIC offers a one-hour underwriting response guarantee that is unparallelled in our industry. In addition, we value our agents based on their title industry knowledge and experience, not just on profits alone.

California Department of Insurance Issues Revised Proposed Regulations

November 28, 2006

   Related Information
Title Insurance Statistical Plan and Related Rules Governing Rates And Charges

The California Department of Insurance has issued revised proposed regulations for comments which seek to regulate the rates charged by underwritten title companies and title insurance companies and is seeking formal written comments by December 12, 2006. The CLTA and member companies now have 15 days to provide written comments to the Department.

After this comment period, the Department will most likely file the regulations with the Office of Administrative Law. 

In addition, the CLTA is requesting the Department to hold another public hearing to discuss these revised regulations pursuant to Sections 11346.5(a)(16) and 11346.8(a) of the Government Code. We anticipate this will be ignored.

Source: CLT

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