What is the required submission for ALTA Forms?

The requirement for submission of ALTA Forms involves obtaining approval from the Department. This process is crucial because the forms are standardized documents used in the title insurance industry, and their content must adhere to specific regulations and guidelines set forth by regulatory bodies. Approval ensures that the forms meet legal standards and accurately represent the terms of title insurance policies, which protects both consumers and providers by promoting transparency and consistency.

In this context, the other options are not aligned with the correct procedure. For instance, the idea of two individual submissions does not reflect the streamlined process that the Department has established for ALTA Forms. Similarly, filing with local government pertains to different types of legal or real estate documents and is not a requirement for ALTA Forms, which are specifically tailored for title insurance transactions. The concept of "not applicable" also misses the necessary compliance aspect that comes with the use of these forms. Therefore, obtaining approval from the Department is the essential step in ensuring the forms are valid and compliant with Title Insurance regulations.