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NAIC moves forward with title guaranty association guide
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Regulatory Updates
Tuesday, November 4, 2014
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After the insolvency of title insurance underwriters and agencies over the last few years, state regulators took note. The National Association of Insurance Commissioners’ Title Insurance Working Group decided to create a Title Insurance Guaranty Fund Working Group to determine whether it was advisable for states to establish title insurance guaranty funds to ensure that consumers had continuous title insurance coverage. The group decided to craft a guideline, Title Insurance Guaranty Association-Title Insurance Consumer Protection Fund Guideline, to help states create these organizations. The latest version is out for comment.
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