Finance
What is 'title insurance premium' calculation in Delaware — is it regulated?
ATitle insurance premiums are freely competitive in Delaware
BTitle insurance premiums in Delaware are generally filed with and regulated by the Delaware Department of Insurance — ensuring consistency and protecting consumers from excessive rates✓ Correct
CTitle insurance is provided free by the county government in Delaware
DTitle insurance premiums are set by the Delaware Real Estate Commission
Explanation
Title insurance premiums in Delaware are regulated by the Delaware Department of Insurance. Title companies must file their rates, which cannot be charged above filed amounts. Premiums are typically based on the insured amount (purchase price for owner's policy, loan amount for lender's policy) and vary between title companies within regulated limits. Delaware buyers should shop for competitive title insurance.
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