How many days does a title agent have to remit premiums to the title insurer after receiving an invoice?

The correct answer is that a title agent must remit premiums to the title insurer within 60 days after receiving an invoice. This timeframe is established to ensure timely processing and financial accountability within the title insurance industry. Prompt remittance of premiums is crucial for maintaining the smooth operation of insurance services, as it ensures that the insurer has the necessary funds available for claims and operations.

This timeframe reflects best practices in the industry and aligns with regulatory expectations, promoting efficient business transactions between title agents and insurance companies. Consequently, maintaining awareness of this deadline is essential for all title agents to avoid potential penalties or disruptions in service.