In North Carolina, title insurance rates must be filed with the North Carolina Department of Insurance. This rate structure became effective on March 1, 2020, and are as follows:
The minimum premium for regular rates and reissue rates shall be $51.00
Regular title insurance rates for a Loan and/or an Owner’s Policy (Per Thousand)
Simultaneous Issue Rate: There is a premium charge of $26.00 for each Loan Policy issued simultaneously with an Owner’s Policy.
Commitment Premium: There is a premium charge of $15.00 for the issuance of a Commitment. This is for an Owner's Policy, a Loan Policy, or an Owner's policy that includes a Loan Policy (i.e. Simultaneous Issue).
Standard Residential Endorsements: Endorsement Premiums in the amount of $21.00 shall be charged for the following ALTA Endorsements:
- ALTA Endorsement 5 (Planned Unit Development)
- ALTA Endorsement 8.1 (Environmental Protection)
- ALTA Endorsement 9 (Restrictions, Encroachments, Minerals)