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How do you start a title company in Kentucky?

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2005-10-20 02:46:43
2005-10-20 02:46:43

How do you start a title company anywhere? There is NO literature out there on this subject!

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I recently opened a title company in Oklahoma. What kind of information are you looking for?


==From the lighter side . . .== If you have no idea how to begin a title company then you may as well just buy a title company kit at Walmart and off you go.


To start a title company in NC, first form a corporation. Then obtain insurance. Get bonded and apply for license. Finally, get designated as an official agent.


What state are you asking about, and I can answer better!


Kentucky is a commonwealth state, hence the title The Commonwealth of Kentucky.


Fidelity National Title Insurance Company


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Make sure that you are licensed as an insurance producer.


If you are starting a title insurance COMPANY, the actual entity that is an insurance carrier (think 1st American, Chicago, etc.), you will need to contact the Arkansas Department of Insurance as to what their guidelines, reserves, etc. are for becoming a carrier in the state of Arkansas. If you are starting a title insurance AGENCY, the local entity that has a agency agreement with a title insurance COMPANY to sell their insurance products. Please note that a title AGENCY is not the same as a title COMPANY or title UNDERWRITING COMPANY. See the Related Links for more information.




How I can get a title insurance producer licnese in FL? How I can open a title company in FL?


First American Title Insurance Company Fidelity National Financial Stewart Title Insurance Guaranty Old Republic Title Insurance Company North American Title Insurance Company Chicago Title Insurance Company


Let's start with defining title COMPANY vs title AGENCY. A title company is the actual company underwriting and insuring the title policy. Title companies then have agents who sell and negotiate title products in their behalf (think of it as equal to Allstate (the company) having the local Allstate agent) At this point in time, most title companies are also in the business of selling title products directly and in competition with their agents. However, there are more direct title agencies to obtain title insurance services from at a local level than title companies. So, the answer is yes, title companies can also be SELLING title services and products in addition to underwriting and insuring title insurance policies.


No problem - the title has nothing to do with the car company - the title comes from the state.


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You need a license to produce title insurance, of course. Next, you need to find a company that is willing to either provide you with title searches, or buy into the records of another company, which can be very expensive. You have to get with the Insurance Commissioner to file rates and of course, you will have to be approved to issue policies with an underwriter. These are the main issues.


As of 2011 the largest title insurance company by premium volume in the United States is First American Title Insurance Company.



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