Overview
What is Washington Title Insurance Rating Organization?
The Washington Title Insurance Rating Organization is a state-authorized entity, licensed by the Insurance Commissioner of Washington, functioning as a Rating Organization, as outlined in Title 48, chapter 29 of the Revised Code of Washington (chapter 48.29 rcw). Although the description does not provide explicit details, it can be inferred that their primary role involves assessing and determining insurance premiums for title insurance companies operating within the state of Washington. This organization likely contributes to maintaining a fair and balanced insurance market, ensuring affordable and reliable coverage for consumers.
Is Washington Title Insurance Rating Organization legitimate?
Washington Title Insurance Rating Organization is a legitimate nonprofit organization registered as a 501(c)(6) entity. Washington Title Insurance Rating Organization submitted a form 990EZ, 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.
What is the mission statement of Washington Title Insurance Rating Organization?
The Washington Title Insurance Rating Organization, authorized and licensed by the Insurance commissioner of Washington, operates as a Rating Organization, as per the guidelines outlined in Title 48, chapter 29 of the revised code of Washington (chapter 48.29 rcw). The organization's primary function is not explicitly stated in the provided information, but its role as a Rating Organization suggests that it may contribute to setting insurance premium rates based on risks or other factors. The organization does not have a publicly declared mission statement, focusing instead on its role as defined by the state's regulations.
Who is the CEO of Washington Title Insurance Rating Organization?
Donald Partington is the President of Washington Title Insurance Rating Organization.
What is the revenue of Washington Title Insurance Rating Organization?
Washington Title Insurance Rating Organization's revenue in 2022 was $110,000.
Who are the executives of Washington Title Insurance Rating Organization and what are their salaries?
Here are 12 key members and their salaries:
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Where can I find the form 990EZ for Washington Title Insurance Rating Organization?
Washington Title Insurance Rating Organization's most recent form 990EZ was submitted in 2022 and can be accessed here.
Mission Statement of Washington Title Insurance Rating Organization
The Washington Title Insurance Rating Organization, as per its license from the Insurance commissioner of the state of Washington, is established with the primary purpose of functioning as a Rating Organization, as defined under Title 48, chapter 29 of the revised code of Washington (chapter 48.29 rcw). This organization's role is to contribute to the insurance industry by providing necessary ratings and related services, thereby helping to ensure a fair and competitive market for title insurance. The organization's mission is centered around promoting transparency and fairness in the title insurance sector, thereby contributing to the overall health and stability of the industry.
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Impact
October, 2024
The Washington Title Insurance Rating Organization plays a crucial role in the title insurance industry within the state. By serving as a licensed rating organization under Title 48, chapter 29 of the Revised Code of Washington, it establishes standards and guidelines for pricing and policies in title insurance. This ensures that insurance providers operate on a level playing field, promoting fairness and competitive practices in the market.
Its activities contribute to the overall stability and reliability of title insurance in Washington, helping to protect consumers and businesses from potential risks associated with real estate transactions. This organization's mission fosters a mutual benefit for both the insurance companies and their customers, enhancing trust and clarity in the title insurance process.
This information is meant to be a general summary of Washington Title Insurance Rating Organization. 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: $110,000
Assets and Liabilities:
- Total Assets: $124,945
- Total Liabilities: $0
- Net Assets: $124,945
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Organization Details
Phone
(206) 615-3285Principal Officer
Donald Partington
Main Address
920 5TH AVE 1250, SEATTLE, WA, 981041189
NTEE Category
Code: Y03 - Mutual benefit
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