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Texas orders assessment recoupment charge in 2018
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Regulatory Updates
Monday, December 18, 2017
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Texas Insurance Commissioner Kent Sullivan ordered an adjustment of title insurance rates for the 2018 calendar year to reimburse Texas title insurers for amounts paid in assessments to the Texas Title Insurance Guaranty in 2017. As part of the rates for title insurance policies in 2018, title agents will have to collect a $4.50 guaranty assessment recoupment charge from purchasers of title policies , to recoup funds assessed to pay for the assumption of liabilities for Southern Title. Read on for more details.
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