PILLAR 1 – LICENSING
1.01 - Required Licenses and Registrations Policy
On an annual basis the Company reviews the state mandated insurance licenses and corporate registration (as applicable) to ensure it remains in good standing with the state.
1.01(a) - Company Required Licenses and Registrations Procedure
Establish Company Licensing:
(Note: Requirements based on state/county)
(1) Determine licensing and registration requirements for Texas.
a. Secretary of State Website –
b. Department of Insurance Website – http://www.naic.org/state_web_map.htm
(2)Apply for license and registration based on state requirements with state regulatory department or agency.
a. Track application process to completion for each license and registration on Company Tracking Log.
(3)Upon approval and information received add license information (i.e. number, expiration dates) to Company Tracking Log.
(4)Place a copy of the license and registration in a single location.
Maintain Company Licensing:
(Note: Requirements based on state/county)
(1)Perform a monthly review of the Company Tracking Log for licenses or registrations expiring within the next 30 days.
(2)Identify any licenses that are expiring.
(3)Renew license and update Company Tracking Log.
(4)Place a copy of the license in a single location.
1.01(b) - Individual Required Licenses and Registrations Procedure
Establish Individual Licensing:
(Note: Requirements based on state/county)
Identify individual employees needing licensing for the state of Texas and/or the company. Add information to Employee Tracking Log.
(1)Determine individual licensing requirements for Texas.
a.Department of Insurance Website http://www.naic.org/state_web_map.htm
(2)Apply for license with applicable state regulatory department or agency.
a.Track application process to completion for each license on Employee Tracking Log.
(3)Upon approval and receipt of information received add license information (i.e. number, expiration dates) to Employee Tracking Log.
Maintain Individual Licensing:
(Note: Requirements based on state/county)
(1)Perform a monthly review of the Employee Tracking Log for licenses or registrations expiring within the next 30 days.
(2)Identify any licenses that are expiring.
(3)Renew license and update Employee Tracking Log.
(4)Place a copy of license in a single location.
1.01(c) Title Insurance Forms License/Waiver
Great American Title Company is licensed to do business in Texas only and does not utilize ALTA forms. TLTA (Texas Land Title Association) Forms are utilized and are promulgated by the Texas Department of Insurance.
Evidence: Company Tracking Log, Employee Tracking Log. (Available upon written request)
Applicable Parties - All employees (full and part time) and corporate officers required to hold a license to conduct the business of title insurance and settlement services, HR Manager, Corporate Admin
1.01 (d) Underwriter Appointments
The Company maintains individual underwriter agency agreements that are approved and licensed by the State of Texas.