Industry News

From the Insurance Commissioners Office

Question: I am a representative or employee of a title company.* Under the new rules, may I be a member of a networking group that includes business owners, producers,** and representatives or employees of a title company?

Answer: Yes. This is allowed in the new rules. See WAC 284-29-255(4) Click here for more for details.

New House Bill passed

...changing RCW 18.44 (effective June 9th) will put independent escrow under DFI and opposed to Dept of Licensing. Requirements may be a large strain on independents. Lawyers operating an escrow department will also be under DFI Surety Bonds will go from 50K to 250K - Background checks and credit required.

 

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