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DISB Commissioner Barlow Responds to DCLTA

February 24, 2015 10:38 AM | Anonymous

DISB Insurance Commissioner Philip Barlow has responded to DCLTA's letter regarding the proposed DC settlement agent rate examination.  The response can be read at the following link: DISB's Response to DCLTA 021915.

While I am certain you will agree that the response is somewhat disappointing, it also sheds some light on DISB and Mr. Barlow's expectations from the process.  In particular, Mr. Barlow states, as follows: "I also want to reiterate that the purpose of looking at
information from individual producers is not intended to be a compliance audit. Rather, we are using the examination format as the safest and most effective method of getting the information needed for Mr. Birnbaum' s charge and to better enable the DISB understand the elements necessary to carry out our responsibilities under District law for reviewing rate filings."  He also notes his interest in DCLTA's future presentation on rate avoidance issues specific to DC settlement practice. 

We are preparing the presentation and hope to get a date on the calendar for March to meet again with DISB for this presentation.  DCLTA will need your assistance in preparing for this.  In particular we are looking for an "in the DC trenches" perspective on your most pervasive DC risk avoidance problems; practical examples of these issues; and, any memos, guidelines or other written material that will illustrate the problems or necessary remedial processes.   In our last letter to DISB we included an outline of some such issues.  A copy can be reviewed at this link: DC Title Considerations.  Please contact me if you are able to assist us in moving this process forward.  

As always if you have any questions let us know and if you are able to help, please do hesitate to contact me.

Regards,

DC Land Title Association

Mike Russo, President

mailto:russo@CouncilBaradel.com

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