ALTA- Pillar1
PILLAR 1 - LICENSING - GUARANTEED FLORIDA TITLE, INC., FULFILLS THIS REQUIREMENT BY MAINTAINING ITS LICENSE IN GOOD STANDING. ALL APPLICABLE LICENSES ARE SHOWN BELOW:
Policies and Procedures Licensing
| Purpose |
To document mandated insurance licenses and corporate registrations (as applicable) so that Guaranteed Florida Title, Inc. is able to remain in good standing with each state(s) in which they conduct business.
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| Scope |
These policies and procedures are for all of Guaranteed Florida Title, Inc. (hereafter referred to as “The Company”) locations including all satellite offices. These procedures are to be followed by all employees and independent contractors where applicable.
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| Procedures |
Licensing
The Company maintains active agency (business entity) licenses as well as agent (employee, owner, producer, and notary) licenses. When necessary, the Company also maintains active non-resident state licenses.
The following people are licensed and approved by the underwriters, if required, in accordance with state specific regulations:
Persons who sign commitments
Persons who sign policies
A tracking report (attached) is maintained as a monitoring control and periodically reviewed to ensure the appropriate business professionals are licensed and renewed when necessary.
Licensed individuals, along with their active licenses, have been communicated to our underwriters. The underwriters are notified when a license becomes inactive.
Licensed individuals maintain the necessary continuing education requirements including any necessary ethics requirements. Documentation is maintained to evidence the requirements have been met.
The Company maintains and has on file the appropriate American Land Title Association Policy Forms License.
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| Contact Officer |
Myron E. Siegel, President & CEO
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| Date Approved |
June 1, 2014
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| Date of Commencement |
June 1, 2014
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| Amendment Dates
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February 16, 2016
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| Date for Next Review
|
July 1, 2017 |
| Related References and Links |
The ‘License Monitoring Tracking Report’ is kept on the Florida Guaranteed Title, Inc., network “R” drive in its Cloud server under a folder named Licensing”.
Completed continuing education materials for each licensee are kept on the Guaranteed Florida Title, Inc. in its Cloud server under a folder named “Licensing”.
Active licenses (agency and agent) are kept in electronic copy on the Guaranteed Florida Title, Inc. network “R” drive in its Cloud server under a folder named “Employee Licenses” and “Agent Licenses”. Hard copies are also kept in a file drawer in folders named “Employee Licenses” and “Agent Licenses”. |
Licensing Monitoring
Date Updated: 6/1/2016
Objectives: 1. To actively monitor all agency and agent licenses to ensure they are current.
2. To actively pursue additional licenses where necessary or encourage additional employees to become licensed.
3. To provide a consistent method of communicating new and expired licenses with underwriters.
Note: Copies of actual licenses retained include but are not limited to insurance producer, closer, abstractor, and notary.
Note: Copies of actual licenses are kept electronically in the Guaranteed Florida Title, Inc. Cloud network drive “R” in a folder named “Licensing”.
Note: Copies of all completed continuing education materials for license renewals are kept electronically in the Guaranteed Florida Title, Inc. Cloud network “R” drive in a folder entitled “Licensing”.
Name of Licensee: GUARANTEED FLORIDA TITLE, INC.
License #: W152304
Business Location: HALLANDALE BEACH, FLORIDA
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Types and Classes of Valid Licenses
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Type
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Original Issue
Date
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Qualifying
Appointment
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TITLE INS AGENCY – CORP OR FIRM (0412)
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7/31/2013
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YES
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______________________________________________________________________________________________________________
Types and Classes of Active Appointments
TITLE INS AGENCY – CORP OR FIRM (0412)
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Company Name
|
Original Issue Date
|
Exp Date
|
Type
|
County
|
|
FIDELITY NATIONAL TITLE INSURANCE COMPANY
|
5/2/2014
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5/31/2018
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STATE
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Broward
|
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CHICAGO TITLE INSURANCE COMPANY
|
5/2/2014
|
5/31/2018
|
STATE
|
Broward
|
|
OLD REPUBLIC NATIONAL TITLE INSURANCE COMPANY
|
8/23/2013
|
8/31/2017
|
STATE
|
Broward
|