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What does it take to open a title company in Texas?In: Title Insurance |
Title Geek Answer
1. Title Company = Actual insurance company ie: Underwriter
2. Title Agency = Agent of the Title Company providing title insurance products and escrow/settlement services.
A title COMPANY is highly regulated by state law in any state. Contact the Texas Department of Insurance as follows:
Texas Department of Insurance Title Division (MC 106-2T) P.O. Box 149104 Austin, Texas 78714-9104 Fax: 512-305-7426 www.tdi.state.tx.us
To open an AGENCY, you must obtain an Abstracting Plant, which is very costly. The Texas Underwriting Manual can be found at: http://www.tdi.state.tx.us/company/titleman.html
The Rate Manual can be found at: http://www.tdi.state.tx.us/company/titlemm3.html
Additionally, contact the Texas DOI for additional licensing requirements: www.tdi.state.tx.us
First answer by TitleGeek. Last edit by TitleGeek. Contributor trust: 91 [recommend contributor]. Question popularity: 108 [recommend question]
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