Form T-7 "Uniform Premium (Risk Rate) Report" - Missouri

What Is Form T-7?

This is a legal form that was released by the Missouri Department of Commerce and Insurance - a government authority operating within Missouri. As of today, no separate filing guidelines for the form are provided by the issuing department.

Form Details:

  • Released on January 17, 2008;
  • The latest edition provided by the Missouri Department of Commerce and Insurance;
  • Easy to use and ready to print;
  • Quick to customize;
  • Compatible with most PDF-viewing applications;
  • Fill out the form in our online filing application.

Download a printable version of Form T-7 by clicking the link below or browse more documents and templates provided by the Missouri Department of Commerce and Insurance.

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Download Form T-7 "Uniform Premium (Risk Rate) Report" - Missouri

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DIFP
Form T-7
Revised 01/17/2008
Uniform Premium (Risk Rate) Report
NOTE: Risk rates must be filed with the department in accordance with 381.181, RSMo 1994.
20 CSR 500-7.100 requires that the risk rates filed include the title insurance agent’s commission.
Rates listed below should represent a dollar amount per $1000 of liability written.
Date Filed and Recorded by Department: ______________
RISK CLASSIFICATIONS
Title
Title Insurance
Original
Insurance for
for Owners or
Title
Reissue Title
Conversion
Leasehold
Insurance for
Insurance for
of Contract
Original
Reissue
Owners
Owners and
Owners and
Purchaser’s
Title
Title
Policies Upon
Title Insurance for
Description
Leasehold
Leasehold
and
Insurance
Insurance
Acquisition in
Title
Simultaneous
Builder/Developer
of Risk
Owners
Owner
Leasehold
for Loan
for Loan
Satisfaction of
Insurance for
Issue
(Subdivision
1
2
3
4
5
6
7
8
9
Amount*
Policies
Policies
Policies
Policies
Policies
Debt
Substitution
Policies
Rates)
Other
Other
Up to
$50,000 of
Liability
Written
Over
$50,000 and
up to
$100,000,
Add
Over
$100,000 and
up to
$500,000,
Add
Over
$500,000 and
up to
$10,000,000,
Add
Over
$10,000,000
and up to
$15,000,000,
Add
Over
$15,000,000,
Add
Minimum
Premium
DIFP
Form T-7
Revised 01/01/08
DIFP
Form T-7
Revised 01/17/2008
Uniform Premium (Risk Rate) Report
NOTE: Risk rates must be filed with the department in accordance with 381.181, RSMo 1994.
20 CSR 500-7.100 requires that the risk rates filed include the title insurance agent’s commission.
Rates listed below should represent a dollar amount per $1000 of liability written.
Date Filed and Recorded by Department: ______________
RISK CLASSIFICATIONS
Title
Title Insurance
Original
Insurance for
for Owners or
Title
Reissue Title
Conversion
Leasehold
Insurance for
Insurance for
of Contract
Original
Reissue
Owners
Owners and
Owners and
Purchaser’s
Title
Title
Policies Upon
Title Insurance for
Description
Leasehold
Leasehold
and
Insurance
Insurance
Acquisition in
Title
Simultaneous
Builder/Developer
of Risk
Owners
Owner
Leasehold
for Loan
for Loan
Satisfaction of
Insurance for
Issue
(Subdivision
1
2
3
4
5
6
7
8
9
Amount*
Policies
Policies
Policies
Policies
Policies
Debt
Substitution
Policies
Rates)
Other
Other
Up to
$50,000 of
Liability
Written
Over
$50,000 and
up to
$100,000,
Add
Over
$100,000 and
up to
$500,000,
Add
Over
$500,000 and
up to
$10,000,000,
Add
Over
$10,000,000
and up to
$15,000,000,
Add
Over
$15,000,000,
Add
Minimum
Premium
DIFP
Form T-7
Revised 01/01/08
DIFP
Form T-7
Revised 01/17/2008
* The description of risk amounts shown is provided as a suggestion; other amount classifications will be considered by the department.
1
“Original Title Insurance for Owners and Leasehold Owners Policies” means any owner’s policy insuring fee simple estate for the full value of the premises, or
any owner’s policy insuring a leasehold estate for the present market value of such leasehold estate.
2
“Reissue Title Insurance for Owners and Leasehold Owners Policies” means a title insurance policy issued to a purchaser or lessee of real estate from a person
whose title as owner has previously been insured by any company prior to the application for a new policy.
3
“Title Insurance for Conversion of Contract Purchaser’s and Leasehold Policies” means a title insurance policy issued to a contract purchaser who has
previously obtained a policy from an insurer insuring his/her contract, who subsequently obtains a deed given in pursuance of the contract and makes an
application for an owner’s policy from the same insurer and surrenders the previous policy; or a title insurance policy issued to a lessee who has previously
obtained a leasehold policy of an insurer insuring his/her lease and subsequently purchases the property, makes application for an owner’s policy from the same
insurer and surrenders the previous policy.
4
“Original Title Insurance for Loan Policies” means a mortgage title insurance policy issued for an amount equal to or higher than the principal amount of the
mortgage debt.
5
“Reissue Title Insurance for Loan Policies” means a mortgage title insurance policy issued for an owner of property who has had the title to such property
previously insured as owner by any title insurer.
6
“Title Insurance for Owners or Leasehold Owners Policies Upon Acquisition in Satisfaction of Debt” means a title insurance policy issued to an insured under a
mortgage title policy who acquires title by foreclosure or by voluntary conveyance in extinguishment of debt.
7
“Title Insurance for Substitution” means a title insurance policy issued to a borrower who obtains a substitution loan on the same property by the same lender.
8
“Simultaneous Issue Policies” means an owner’s and mortgagee’s policy(ies) covering identical land which are issued simultaneously.
9
“Title Insurance for Builder/Developer (Subdivision Rates)” means a title insurance policy covering premises owned by one owner which have been platted
into multiple lots; a title insurance policy issued to an owner of multiple lots within a platted subdivision; or a title insurance policy issued to an owner who
proposes to sell vacant lots to individual purchasers and furnish an owner’s title insurance policy to each purchaser, as evidence of title, in lieu of furnishing an
abstract of title.
DIFP
Form T-7
Revised 01/01/08
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