ALTA - Pillar 1
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.

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.

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.

Contact Officer

Myron E. Siegel, President & CEO

Date Approved

June 1, 2014

Date of Commencement

June 1, 2014

Amendment Dates

February 16, 2016

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

______________________________________________________________________________________________________________

Types and Classes of Valid Licenses

Type

Original Issue

Date

Qualifying

Appointment

TITLE INS AGENCY – CORP OR FIRM (0412)

7/31/2013

YES

 

______________________________________________________________________________________________________________

Types and Classes of Active Appointments

TITLE INS AGENCY – CORP OR FIRM (0412)

Company Name

Original Issue Date

Exp Date

Type

County

FIDELITY NATIONAL TITLE INSURANCE COMPANY

5/2/2014

5/31/2018

STATE

Broward

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

Connect with US
Myron E. Siegel, President
Contact Us
844-438-4853