Title Insurance Policy Surcharge Combined and Extended Until No Sooner Than June 13, 2014
In January 2014, the collection of the surcharge in connection with the National Title Insurance Company receivership was delayed until April 4, 2014. The Office of Insurance Regulation is currently in the process of combining the surcharge for National Title Insurance Company with a surcharge for the new K.E.L. receivership and determining the amount of surcharge to cover both. Accordingly, the earliest that the surcharge will be collected is June 13, 2014.
We will keep you advised once a date and amount is announced. For details on the policy surcharge, please refer to the article on page 106 of the December 2012 issue of The Fund Concept. If you prefer not to download the Fund Concept, you may also view the article at Title Insurance Policy Surcharge.
03/31/2014
