Best Practice #5: Adopt and maintain written procedures related to title policy production, delivery, reporting and premium remittance.

To conform to ALTA’s Best Practices, ATG is changing its guidelines for policy and premium remittance. ATG will now require members to remit policies and premiums to ATG no later than the end of the month following the month of settlement. So, if a transaction closes in April, then the policies and premium are due to ATG by the end of May.

For those members closing with an ATG Independent Closer, no change of procedure is necessary. For traditional ATG members who issue policies using ATG REsource, please consider electronic policy reporting as a way to make this procedure more efficient for your office. For instructions, please use our Electronic Policy Reporting Quick Reference Guide.

Questions? Contact an Underwriter.