How long after a title insurance company files a new rate before it takes effect?

How long after a title insurance company files a new rate before it takes effect?

• A. 15 DAYS
• B. 30 DAYS
• C. 60 DAYS
• D. 90 DAYS

Answer: (B)

Rates that title insurers file must go through a waiting period before they can be used. In Colorado, a new rate becomes effective 30 days after it’s filed. This pause gives the Division of Insurance time to review the filing and ensures consumers have notice of the change. After those 30 days, the rate generally takes effect unless the regulator requires adjustments or disapproval. The other durations don’t match the standard regulatory waiting period.

Rates that title insurers file must go through a waiting period before they can be used. In Colorado, a new rate becomes effective 30 days after it’s filed. This pause gives the Division of Insurance time to review the filing and ensures consumers have notice of the change. After those 30 days, the rate generally takes effect unless the regulator requires adjustments or disapproval. The other durations don’t match the standard regulatory waiting period.