MEXICO PREMIUM RATES FOR TITLE INSURANCE
Owner’s, Lender’s & Leasehold Policies
EFFECTIVE AS OF OCTOBER 1, 2001
| Cost per |
Policy amount |
$1,000.00 |
Plus |
Up to $1,000,000 |
$ 5.00 |
$ 0.00 |
Over $1,000,000 to $5,000,000 |
$ 4.50 |
$5,000 for first $1,000,000 |
Over $5,000,000 to $10,000,000 |
$ 4.00 |
$23,000 for first $5,000,000 |
Over $10,000,000 |
$ 3.50 |
$43,000 for first $10,000,000 |
Minimum Risk Premium
The minimum risk premium for any policy of title insurance shall be $1,000.00.
Simultaneous Issue
Owner’s and Lender’s Policies must have the same, or no greater than 30 days difference in, effective dates and must cover the same property. The larger policy is calculated at the above rates and the smaller policy issued simultaneously shall be calculated at $1.00 per $1,000.00 of coverage.
Endorsements
The minimum charge for any endorsement shall be $25.00. The maximum charge per endorsement shall be 40% of the premium. The risk, according to the underwriter, of a specific endorsement will govern the rate to be charged.
NOTE: All premiums are to be rounded up to the nearest whole dollar. All fractions of insurance are to be rounded up to the next $100.00.
Latin America / Caribbean Division
13450 W. Sunrise Boulevard, Suite 300, Sunrise, FL 33323
TEL 954.839.2900 • 877.641.6767 FAX 954.838.9228
WWW.FIRSTAM.COM |
