R592-9-5. Title Insurance Agency Assessment

Latest version.

  (1) Beginning July 1, 2008, a person applying for an initial title insurance agency license shall pay an assessment of $1,000 at the time of application.

  (2) Beginning January 1, 2009, a licensed title insurance agency shall pay an annual assessment.

  (3) An agency's placement in one of the four assessment bands will be determined by an agency's title insurance written premium volume for the preceding calendar year as of December 31 of that calendar year.

  (4) An agency title insurance producer's annual assessment will be paid in accordance with R590-102, Insurance Department Fee Payment Rule.

                    
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