Best Practice: Establish and maintain current License(s) as required to conduct the business of title insurance and settlement services.
Purpose: Maintaining state mandated insurance licenses and corporate registrations (as applicable) helps ensure the company remains in good standing with the state.
Procedures to meet this best practice:
- Establish and maintain applicable business License(s).
- Establish and maintain compliance with licensing, registration, or similar requirements with the applicable state regulatory department or agency.
- Establish and maintain appropriate compliance with ALTA’s Policy Forms Licensing requirement.
(Source: American Land Title Association)
For additional resources to help you adhere to the Best Practices, please visit the Best Practices section of the AgentLink site.