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First and foremost you need money - anywhere from one hundred thousand dollars to two hundred thousand dollars. But more than money you need to have a cliental follow you to your new company for immediate business. Starting with no clients and even hiring the best of salesman, you are doomed . Next you must have a title officer who knows the ins and outs of the business and title insurance law. I don't mean 90% knowledge, I mean 100% knowledge. Another title officer is helpful, along with at least 3 to 5 secretaries designated to ascertain facts of the business. It is very important to have 1 to 5 underwriters for your business with the premium split discussed, and worked out and settled monthly. There are a few other minor things but without some good real estate attorneys directing you business, forget about it. Unless you have some in with a major bank directing you work. And remember, I have seen large accounts go faster than they came because of a political reason, which may be unbeknownst to you and not your fault.

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16y ago
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Step 1. Create a business entity. * Create Organizational Documents for a Sole Proprietorship, Partnership, Corporation, or Limited Liability Company * File appropriate forms with the Federal Government/IRS, and the Florida Department of State Step 2. Obtain a Title Agency License package from the Florida Department of Insurance: Bureau of Agent & Agency Licensing, 200 E. Gaines Street, Ground Floor, Lawson Bldg., Tallahassee, Fl. 33299. www.fldfs.com. 850 922-3137 * Complete the Department's Title Agency Insurance License Application Form Information Requested on the Form: 1.) Federal Identification Number, Name, Address, and Telephone Number of the Business Entity to be licensed. 2) Names of each majority owner, partner, officer, and/or director of the entity. 3) The location of each office of the entity and the names(s) of each office manager * Complete Fingerprint Card � one card per insurance agent or representative * Obtain $35,000 Surety Bond, with Power of Attorney * Send $15.00 License Application Fees, $64.00 for each fingerprint card, and proof of surety bond, with completed License Application Form, to the: Florida Department of Insurance, Bureau of Agent and Agency Licensing, Revenue Processing Section, Post Office Box 6000, Tallahassee, FL 32314-6000 Step 3. Obtain Appointment of Licensed Title Agency from AN UNDERWRITTER (Insurer) * Complete Insurer's Appointment Application Form * Complete Insurer's Authorized Signatory Application Form and other required forms. NOTE: Only an attorney licensed by the Florida Bar or an individual licensed as a Title Agent by the Florida Department of Insurance may act as an Authorized Signatory for an Insurer in Florida. * Sign, but do not date Insurer�s Agency Contract * Send completed forms, signed contract, and copies of E & O insurance ($250,000 minimum) and Fidelity Bond or Employee Dishonesty Coverage ($50,000 minimum) to Insurer. Also required is $62.10 for the Agency and $62.10 for each Licensed Title agent. One check may be submitted. These fees are exempt for attorneys. Additional information that may be requested: Corporate Affidavit, Financial Statements, Escrow Account Information, Letters of Reference, Resumes of Key Employees and a 3-5 year Business Plan. YOU WILL NEED EITHER A BUSINESS ATTORNEY OR BUSINESS CONSULTANT. Here's more input from other WikiAnswers Contributors: * The way I did it in Texas was go to the local comtrollers office (taxing authority) and they will guide you trough what you are looking for. Whether a sole propriatership, a llc, a llp or a corporation. in short they should have all information you are looking for.

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16y ago

I recently opened a title company in Oklahoma. What kind of information are you looking for?

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Q: How do you start a title insurance company in Florida?
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Related questions

Do you need to hire a lawyer or attorney to start a title insurance company?

Yes, in most circumstances you would need the help of a lawyer to set up your company and get the legal documentation or licenses. For example, in Florida only an attorney licensed by the Florida Bar or an individual licensed as a Title Agent by the Florida Department of Insurance may act as an Authorized Signatory for an insurer.


How do you start a title insurance company in Arkansas?

If you are starting a title insurance COMPANY, the actual entity that is an insurance carrier (think 1st American, Chicago, etc.), you will need to contact the Arkansas Department of Insurance as to what their guidelines, reserves, etc. are for becoming a carrier in the state of Arkansas. If you are starting a title insurance AGENCY, the local entity that has a agency agreement with a title insurance COMPANY to sell their insurance products. Please note that a title AGENCY is not the same as a title COMPANY or title UNDERWRITING COMPANY. See the Related Links for more information.


Who are the largest Title Insurance companies in the US?

First American Title Insurance Company Fidelity National Financial Stewart Title Insurance Guaranty Old Republic Title Insurance Company North American Title Insurance Company Chicago Title Insurance Company


What did Fidelity National Financial start as?

Fidelity National Title Insurance Company


How much money does a title insurance representative earn?

I am a Title Insurance Agent in Florida. I earn $46,000 per year. I have 2 years experience and work for a small company.


How do you start a title company in NC?

To start a title company in NC, first form a corporation. Then obtain insurance. Get bonded and apply for license. Finally, get designated as an official agent.


Who is the largest title insurance company in the US?

As of 2011 the largest title insurance company by premium volume in the United States is First American Title Insurance Company.


Where are title insurance schools in south Florida?

Continuing Education courses for Florida Title Insurance Agents are available online at http://florida.stewartce.com


How do you start a title insurance company in Kansas?

You need a license to produce title insurance, of course. Next, you need to find a company that is willing to either provide you with title searches, or buy into the records of another company, which can be very expensive. You have to get with the Insurance Commissioner to file rates and of course, you will have to be approved to issue policies with an underwriter. These are the main issues.


When was Westcor Land Title Insurance Company created?

Westcor Land Title Insurance Company was created in 1993.


How could I get an insurance policy for a car with a rebuilt title in Florida?

no i don't think you can you can get a title for a total in florida


Can you still drive your car if insurance company has title?

Um, why does the insurance company have the title???? The only reason that the insurance company would have the title is because the car was totalled from damage. Something is very wrong here.