How often are title insurers required to conduct on-site reviews of their title agents?

Title insurers are required to conduct on-site reviews of their title agents once a year to ensure compliance with industry regulations and standards. This annual review serves multiple purposes: it helps maintain the quality of services provided by title agents, ensures that agents are complying with the underwriting guidelines set by the title insurer, and helps identify any issues or training needs that may arise.

Regular, yearly reviews allow title insurers to monitor the performance of their agents closely and provide necessary support or corrective action if needed. This frequency is important as it promotes accountability and helps foster healthy relationships between title insurers and agents, ultimately enhancing the overall reliability and integrity of the title insurance process.

Other proposed intervals, like every two or three years or six months, do not align with the established standards and expectations for maintaining oversight in the industry. These less frequent reviews may not adequately address compliance and operational effectiveness, whereas the annual review frequency strikes a balance between thorough oversight and operational practicality.