District of Columbia Title Insurance Producer Surety Bonds
A Title Producer in the District of Columbia sells, solicits, or negotiates title insurance in real estate transactions.
The Title Insurance Producer Emergency Act of 2010 makes title insurance producers and companies in the District of Columbia subject to regulation of the District of Columbia Government, Department of Insurance, Securities and Banking. The Department licenses and regulates title insurance producers. Licensing includes obtaining a surety bond for $200,000.
License and Bond Requirements
Title insurance producers must be licensed. A license is good for a two-year term and expires biennially on the birth month of the licensee, or on May 31 for a company.
A $200,000 surety bond is required for individuals and businesses with a title insurance producer license. The bond protects consumers from unfair practices by guaranteeing faithful compliance with the District of Columbia's laws, ordinances, rules and regulations.
What Does This Bond Cost?
The premium you pay for a District of Columbia Title Producer Surety Bond starts at .75% of the bond amount with good credit. Contact our Surety Bond Specialists for a free quote that fits your specific situation.
Did You Know?
Title insurance producers must pass examinations for licensing, plus complete continuing education to renew a license:
- Non-resident title producers: Four hours of continuing education
- Resident title producers: 16 hours of continuing education
- Resident title insurance producers: Eight hours of continuing education
Related Links:
Apply for a Title Producer LicenseRequirements for a Title Producer License
More Surety Bond Questions?
Check out our FAQ page or What’s a Surety Bond? page. Should you need or choose to buy a surety bond, buy from us. SuretyGroup.com has been underwriting surety bonds throughout the U.S. for more than 35 years. When you work with us, you enjoy the unique benefit of dealing with a team of highly experienced surety agents with in-house underwriting authority. This allows you to receive competitive, low rates, quick approvals, and immediate bond delivery. In most cases, your bond will be delivered within 24 hours after you apply for it.
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