Overview
What is Delaware Title Insurance Rating Bureau?
The Delaware Title Insurance Rating Bureau is a licensed organization, established with the intention of operating as a title insurance rating bureau in accordance with Delaware's legal framework. Based in Wayne, Pennsylvania, this nonprofit entity serves the interests of its members by overseeing the classification of rates, fees, and services related to title insurance. Their primary mission is to meet the requirements outlined in 18 Del Code Ch. 25, ensuring the organization's legitimacy and compliance within the Delaware Insurance Department's consent, supervision, and approval system.
Is Delaware Title Insurance Rating Bureau legitimate?
Delaware Title Insurance Rating Bureau is a legitimate nonprofit organization registered as a 501(c)(6) entity. Delaware 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.
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What is the mission statement of Delaware Title Insurance Rating Bureau?
The Delaware Title Insurance Rating Bureau, functioning as a licensed entity, aims to adhere to the regulations set by 18 Delaware Code Chapter 25. Its primary mission is to qualify and operate within these guidelines, overseeing the approval of all manual classifications of rates, fees, and services related to title insurance. The bureau's actions are subject to the consent, supervision, and approval of the Delaware Insurance Department, ensuring compliance with the established standards.
Who is the CEO of Delaware Title Insurance Rating Bureau?
Michael Fromhold is the Amtrust Title Insurance Co of Delaware Title Insurance Rating Bureau.
What is the revenue of Delaware Title Insurance Rating Bureau?
Delaware Title Insurance Rating Bureau's revenue in 2022 was $136,980.
Who are the executives of Delaware Title Insurance Rating Bureau and what are their salaries?
Here are 18 key members and their salaries:
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Where can I find the form 990 for Delaware Title Insurance Rating Bureau?
Delaware Title Insurance Rating Bureau's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Delaware Title Insurance Rating Bureau
The Delaware Title Insurance Rating Bureau, as a licensed organization, is committed to fulfilling its mission of qualifying and operating as a title insurance rating bureau in accordance with Delaware Code Chapter 25. In this capacity, the bureau operates with the objective of overseeing and approving all manuals of classifications of rates, fees, and services submitted by its member entities. This process ensures that these manuals meet the necessary standards, and are subject to the consent, supervision, and approval of the Delaware Insurance Department. This regulatory role by the Delaware Title Insurance Rating Bureau aims to maintain transparency and fairness in the title insurance industry, thereby protecting the interests of its members and the general public.
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Impact
October, 2024
The Delaware Title Insurance Rating Bureau plays a crucial role in the title insurance industry by serving as a licensed rating organization. Its primary responsibility is to develop and file classifications of rates, fees, and services for title insurance, which must receive consent and approval from the Delaware Insurance Department. This process ensures that the rates and fees charged by title insurance companies are fair, standardized, and transparent, contributing to market stability and consumer protection.
By operating within the regulatory framework established under 18 Delaware Code Chapter 25, the Bureau facilitates a cooperative environment among its members. This collaboration helps ensure that the title insurance market remains competitive while also adhering to guidelines that promote equitable access to title insurance services for consumers. Ultimately, the Bureau's activities enhance the integrity and professionalism of the title insurance industry in Delaware.
This information is meant to be a general summary of Delaware 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.
- Gross Receipts: $136,980
Assets and Liabilities:
- Total Assets: $40,997
- Total Liabilities: $31,093
- Net Assets: $9,904
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Organization Details
Founding Year
2002
Phone
(610) 995-9995Principal Officer
Michael Fromhold
Main Address
PO BOX 393, WAYNE, PA, 190870393
NTEE Category
Code: Y99 - Mutual benefit
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