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re: Any insurance agents here?
Posted on 1/1/15 at 2:00 pm to TheDirty1
Posted on 1/1/15 at 2:00 pm to TheDirty1
The department of insurance just changed all of the regulations on this.
And lots of title companies are about to get hammered. Everyone is ratting each other out and it's gonna be fun to see some licenses get pulled
And lots of title companies are about to get hammered. Everyone is ratting each other out and it's gonna be fun to see some licenses get pulled
Posted on 1/1/15 at 2:58 pm to Mr.Perfect
quote:
The department of insurance just changed all of the regulations on this.
From what I understand, a MSA in its most simple form should be legal. However these title insurance companies are paying an exorbitant amount of money to their affiliates and can't explain how they arrived at a value for the services. As long as the money being paid is actually for services performed and the amount is not dictated by the number of policies bound I don't think anything is illegal about it. I've been wrong before though.
quote:
My cousin had some lawyers draft one up for his P&C operation to use with a real estate brokerage.
Do you know if he used a lawyer in Baton Rouge? (If he's from Baton Rouge) I'm not in the industry right now this is just a side project I am playing with.
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