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North American Title Insurance Company is a seasoned title insurance underwriter that has been helping customers achieve the American dream of homeownership for more than 50 years. In the past several years, we have become known as the “underwriter next door,� because our associates are always easy to reach and our processes are, at all times, quick and straightforward. Our agency application process is fast and transparent for qualified agents. NATIC offers a one-hour underwriting response guarantee that is unparallelled in our industry. In addition, we value our agents based on their title industry knowledge and experience, not just on profits alone.

National Insurance Act Reintroduced in Senate

May 24, 2007

   Related Information
National Insurance Act of 2007 (Draft)

COFIR Opposes National Insurance Act of 2007

Senators John Sununu (R-NH) and Tim Johnson (D-SD) reintroduced the "National Insurance Act of 2007." A bill number has not been assigned yet.

This legislation would create a new federal regulator for insurance companies that choose to obtain a federal insurance charter. Although the legislation purports to apply only to life and property/casualty insurers, it could be problematic for the title insurance industry. Since federally chartered insurance companies would gain preemption of state laws and regulations, a property/casualty insurer could gain the authority to underwrite and market an alternative mortgage impairment type product regardless of state laws.

ALTA remains opposed to a federal insurance charter.

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American Land Title Association
1800 M Street, NW, Suite 300S
Washington, D.C. 20036-5828
P. 202.296.3671 F. 202.223.5843
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