Overview
What is North Carolina Title Insurance Rating Bureau?
The North Carolina Title Insurance Rating Bureau is a nonprofit organization situated in Greensboro, North Carolina, specifically at 3859 Battleground Ave - Suite 208. Their primary role is to conduct research and statistical analysis, aiming to create fair and impartial manuals and rules regarding classifications and rates for title insurance risks. The bureau operates under the supervision of the North Carolina Insurance Commissioner, ensuring compliance with their consent and guidelines. Currently, the bureau serves 18 members in its title insurance rating duties in North Carolina.
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Is North Carolina Title Insurance Rating Bureau legitimate?
North Carolina Title Insurance Rating Bureau is a legitimate nonprofit organization registered as a 501(c)(6) entity. North Carolina Title Insurance Rating Bureau 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:
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Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of North Carolina Title Insurance Rating Bureau?
The North Carolina Title Insurance Rating Bureau's mission is to operate as a rating bureau for title insurance. It performs research and statistical analysis to propose equitable and impartial rates for title insurance risks, subject to the approval of the Insurance Commissioner. The bureau is responsible for filing manuals of classifications and rules for title insurance risks, and it currently serves eighteen members. Its primary role is to ensure fair and balanced rates in the title insurance industry.
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Who is the CEO of North Carolina Title Insurance Rating Bureau?
T Karl Knight is the Vice-Preside of North Carolina Title Insurance Rating Bureau.
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What is the revenue of North Carolina Title Insurance Rating Bureau?
North Carolina Title Insurance Rating Bureau's revenue in 2022 was $67,559.
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Who are the executives of North Carolina Title Insurance Rating Bureau and what are their salaries?
There 4 volunteers at North Carolina Title Insurance Rating Bureau.
Here are 4 key members and their salaries:
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Official website here: www.none
Learn more at the official website: www.none
Mission Statement of North Carolina Title Insurance Rating Bureau
The North Carolina Title Insurance Rating Bureau serves an important role in operating a title insurance rating bureau within the state. Its primary mission is to conduct research and statistical analysis, utilizing this data to file for approval of manual classifications and rules, as well as proposed rates for title insurance risks. This process ensures that the rates are equitable and impartial, subject to the consent, active supervision, examination, and approval of the Insurance Commissioner of North Carolina. The bureau currently operates with the support of eighteen members. In essence, the North Carolina Title Insurance Rating Bureau plays a crucial role in regulating the title insurance industry within the state, ensuring fair and just rates for its customers.
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Impact
October, 2024
The North Carolina Title Insurance Rating Bureau plays a crucial role in the state's title insurance landscape by conducting research and statistical analysis to develop and file manuals of classifications, rules, and rates for title insurance risks. This ensures that the rates proposed for title insurance are equitable and impartial, ultimately benefiting both consumers and providers in the market. Operating under the oversight of the North Carolina Insurance Commissioner, the Bureau provides a structured approach to rate-setting, fostering transparency and stability within the industry.
By serving its eighteen member companies, the Bureau also helps to standardize practices across the sector, promoting efficiency and consistency in title insurance offerings. This collaborative effort not only enhances competition but also supports informed decision-making among consumers and businesses when navigating title insurance options. Overall, the Bureau's activities significantly contribute to the reliability and accessibility of title insurance in North Carolina, helping to protect property rights and ensure fair treatment for all parties involved in real estate transactions.
This information is meant to be a general summary of North Carolina Title Insurance Rating Bureau. 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: $9
- Program Service Revenue: $67,550
- Gross Receipts: $67,559
Assets and Liabilities:
- Total Assets: $72,521
- Total Liabilities: $0
- Net Assets: $72,521
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
ANNUAL ASSESSMENTS
Revenue
$67,550
Organization Details
Founding Year
1995
Phone
(336) 668-7233Principal Officer
T Karl Knight
Main Address
3859 BATTLEGROUND AVE - SUITE 208, GREENSBORO, NC, 27410
Website
www.noneNTEE Category
Code: Y00 - Mutual benefit
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