Title 101: Making Sense of Title Insurance – 2023 5 CHICAGO TITLE NCS DC | MD PROGRAM SLIDES What is Title Insurance? 7 What is the Purpose and Importance of Title Insurance? 8 Title Insurance vs. Casualty Insurance 8 Title Commitments 9 Types of ALTA Policies 12 The Concept of Pro Forma 13 Key Commercial Endorsements 14 Surveys 25 Reinsurance & Coinsurance 28 Working With Your Title Company 29 Resources 31 National vs. Local Transactions 34 Pricing 35
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