answersLogoWhite

0


Want this question answered?

Be notified when an answer is posted

Add your answer:

Earn +20 pts
Q: A title company closed an escrow without issuing Title Insurance Is there a specific form a buyer needs to fill out so he knows he was not getting Title Insurance?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Continue Learning about Other Business

How do you go about opening an insurance company?

Unfortunately the topic of how to open an insurance company is well outside of what can be properly explored on WikiAnswers. The procedure would vary depending on what type of company one seeks to open. The easiest-to-open insurance-related business would be a local insurance agency. At one of these agencies, employees sell insurance policies to local consumers but don't themselves underwrite the policies. In most cases, being an insurance agent is a state-licensed profession; you would need to check with your state's license-issuing body to understand what the requirements are. Generally this would involve obtaining training in the field and then passing a government test to demonstrate competence. After being licensed, you would need to find an insurance company (such as State Farm) for whom you can affiliate yourself in selling insurance. After this you could file paperwork to open the business, rent an office, buy equipment, hire employees, advertise, and do similar things.


Is there a company that wholesales title insurance that you can sell and make a commission if you are a licensed insurance agency?

If you are an agent of an underwriter issuing title insurance policies, you keep 70% of the policy premium and any endorsements that are issued. The underwriter receives the other 30%. At least that's how it works in Florida. The percentage can vary from state to state. I believe South Carolina is 80/20. Your customers generally don't know this since the split is not disclosed on the HUD.


What recourse does a contractor have when they have performed the work and the insurance company has issued the check in their name and the insureds name but the insured will not endorse the check?

The insurance company sought you fit to complete the job and by issuing the check I'm going to assume you did the work at a high workmanship standard and fulfilled the contract. Take them to court and take them to the cleaners you'll get way more that what your owed seize property do it all Fellow contractor to contractor. May them pay big time lowlifes like that are what drags American families down


How corporations raise money?

by selling bonds and issuing stocks...


How do I get quotes for liability insurance for my small cleaning company?

Your best bet would be to consult with a licensed insurance broker in your community. Specifically, you would want a broker who deals in commercial, rather than residential lines of insurance business. The broker would complete an application for insurance, with you providing answers to the questions. Among the factors with which any potential insurer would be concerned is the legal form of your businessm such as a sole proprietorship, a partnership or a corporation. It would also be interested in knowing factors about the mechanics of the business, such as whether you work for homeowners or businesses, and whether you perform the work when people are present or not. Doubtless, there would be other areas of inquiry. The broker would then submit the application to one or more potential insurers to determine their willingness to accept you as an insured. If the insurer is potentially interested in issuing a policy, it would respond with a proposed premium and other terms and conditions under which it would be willing to issue a policy. You are free to accept or to reject the proposal, or in some cases, negotiate for a middle ground. For example, if you are concerned with the proposed premium being too high, you may be able to select a greater self-insured retention to lower the premium. A self-insured retention is similar to a deductible. It requires you to absorb the financial responsibility for an occurrence up to a specified amount, and the insurance coverage is not triggered until the claim exceeds that amount.

Related questions

Is insurance a liability?

No, Insurance is a means of contractually transferring risk including the risk of liability to another entity, namely the Insurance Company issuing the policy.


Is car insurance higher if you have a low credit score?

Most often yes, but some insurance companies do not consider credit when issuing a rate. Ask your agent or insurance company if they do use credit scores and why.


What is Issuing Company?

I'm filing for unemployment and a field required is issuing company...it is on the same page asking for a personal id other than your social security. What does this mean? Issuing company???


What information is required to receive a typical life insurance quote from a leading company?

Life insurance companies will require date of birth, gender, tobacco use, and area of residence before issuing a quote. They may also require height and weight and have other questions about specific medical conditions of the person to be insured.


If you purchased a company and created a new corporation but the insurance agent renewed the old policy instead of issuing a new one for the new corp what can you do?

Get the insurance agent to fix the problem or get a new agent.


Is my motor vehicle driving record automatically sent to my car insurance agency?

Yes, your car insurance agency has access to your driving record. They use it in part to help determine your premium rate. Your driving record can be requested by your insurance company but it is not automatically sent. It is normal for a company to review your record before issuing a policy.


What company can you buy life insurance on a son in jail?

This is not a forum in which to discuss or recommend specific insurers. However, a factor that you must consider is the offense of which your son was convicted. The underwriting guidelines of any particular insurer may, for example, preclude issuing a policy to a convicted felon. This is especially true if the felony involved insurance fraud. Contact a licensed local life insurance agent or broker for specifics.


What Life insurance companies are issuing Guaranteed investment contract?

fixed


How do you make an insurance issuing plan?

Not sure what you mean by issuing plan, but start with an agent or agents they will be able to assist you, or please expand on your question.


What is the purpose of the company issuing stocks?

To raise money that can be used to grow the company.


If you have 3-4 paid up whole life insurance policies through national life Who do you contact to cash them in?

If you have a 'whole life' policy it likely means that you are 100. If you would like to cash them in..................if that's possible.....................contact the issuing insurance company.


Do Life insurance companies check your credit when issuing policies?

Yes! of course they do!