TDI issues a Guaranty Assessment Recoupment Fee (GARC)

Posted by SoftPro on 1/7/14 11:57 AM

The Texas Department of Insurance (TDI) issued an order setting a Guaranty Assessment Recoupment (GARC) Fee effective January 1, 2014. All title agents will be required to collect a GARC fee of $1.80 on each owner and loan policy. This fee must be rendered quarterly to the Texas Insurance Guaranty Association (TTIGA).

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http://www.informz.net/informzdataservice/onlineversion/public?mailingInstanceId=1727328"

Tags: Regulatory and Compliance

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