Overview
What is Title Insurance Rating Bureau Of Pennsylvania?
Title Insurance Rating Bureau of Pennsylvania is a licensed organization, operating in compliance with Article VII of the Pennsylvania Insurance Company Law of 1921. Their primary role is to qualify and operate as a Title Insurance Rating Organization within the state's regulations. This nonprofit's mission is centered around setting, classifying, and managing rates, fees, and services related to title insurance, all under the scrutiny and approval of the Pennsylvania Insurance Department. With a small workforce of one employee, they contribute to the overall insurance industry in Pennsylvania.
Official website here: www.patitleratingbureau.org
Is Title Insurance Rating Bureau Of Pennsylvania legitimate?
Title Insurance Rating Bureau Of Pennsylvania is a legitimate nonprofit organization registered as a 501(c)(6) entity. Title Insurance Rating Bureau Of Pennsylvania submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $85,000
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Official website here: www.patitleratingbureau.org
What is the mission statement of Title Insurance Rating Bureau Of Pennsylvania?
The Title Insurance Rating Bureau of Pennsylvania's mission is centered around qualifying and operating as a licensed title insurance rating organization, in compliance with Article VII of the Pennsylvania Insurance Company Law of 1921. Their primary role involves filing manual classifications of rates, fees, and services for approval, subject to the consent, supervision, examination, and approval of the Pennsylvania Insurance Department, acting on behalf of its member organizations.
Official website here: www.patitleratingbureau.org
Who is the CEO of Title Insurance Rating Bureau Of Pennsylvania?
Michael Fromhold is the Agents National Title Insu of Title Insurance Rating Bureau Of Pennsylvania.
Official website here: www.patitleratingbureau.org
What is the revenue of Title Insurance Rating Bureau Of Pennsylvania?
Title Insurance Rating Bureau Of Pennsylvania's revenue in 2022 was $284,828.
Official website here: www.patitleratingbureau.org
Who are the executives of Title Insurance Rating Bureau Of Pennsylvania and what are their salaries?
The average compensation at Title Insurance Rating Bureau Of Pennsylvania during 2022 was $85,000. There is 1 employee at Title Insurance Rating Bureau Of Pennsylvania.
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Official website here: www.patitleratingbureau.org
Where can I find the form 990 for Title Insurance Rating Bureau Of Pennsylvania?
Title Insurance Rating Bureau Of Pennsylvania's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.patitleratingbureau.org
Learn more at the official website: www.patitleratingbureau.org
Mission Statement of Title Insurance Rating Bureau Of Pennsylvania
Title Insurance Rating Bureau of Pennsylvania, as a licensed organization, is committed to adhering to Article VII of the Pennsylvania Insurance Company Law of 1921, as amended. Its primary mission is to operate as a title insurance rating organization, a role that involves qualifying and adhering to the regulations set forth by the Pennsylvania Insurance Department. In this capacity, the bureau reviews and approves manual classifications of rates, fees, and services related to title insurance, ensuring they meet the necessary standards and are in compliance with regulations. The bureau's activities serve to protect the interests of its member companies, providing a framework for the operation of title insurance ratings in accordance with state regulations.
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Impact
October, 2024
Title Insurance Rating Bureau of Pennsylvania plays a crucial role in the title insurance industry by ensuring fair and standardized rating practices based on the Pennsylvania Insurance Company Law of 1921. By qualifying and operating as a licensed title insurance rating organization, it supports the establishment of classifications for rates, fees, and services that are essential for the regulatory environment. The Bureau works closely with the Pennsylvania Insurance Department, ensuring that all proposed classifications receive necessary consent and oversight.
This regulatory role helps to maintain a balanced market for title insurance, providing transparency and stability for both consumers and insurance providers. By filing for the approval of manuals that guide rate-setting practices, the Bureau fosters trust in the insurance process, contributing to community improvement through responsible governance of the title insurance landscape. Its impact extends beyond compliance; it also enhances the overall efficiency of the insurance process, ultimately benefiting homeowners and property buyers throughout Pennsylvania.
This information is meant to be a general summary of Title Insurance Rating Bureau Of Pennsylvania. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $2
- Gross Receipts: $284,828
Assets and Liabilities:
- Total Assets: $32,309
- Total Liabilities: $21,400
- Net Assets: $10,909
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Organization Details
Founding Year
1997
Phone
(610) 995-9995Principal Officer
Michael Fromhold
Main Address
PO BOX 395, WAYNE, PA, 19087
Website
www.patitleratingbureau.orgNTEE Category
Code: S41 - Community improvement
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