Title Insurance Commission members appointed by Governor


Commission will begin meeting in the coming weeks.
 

 
DENVER (Aug. 13, 2015) – Today, Governor John Hickenlooper appointed nine members to the Title Insurance Commission.  The Commission was created in the last legislative session as a result of Senate Bill 15-210.  

The Commission will serve as an advisory body to the Insurance Commissioner, Marguerite Salazar, concerning title insurance matters.  The Commission’s duties will include proposing, advising and recommending rules for the administration of the business of title insurance, subject to approval by the Insurance Commissioner.  The Division of Insurance (DOI), part of the Department of Regulatory Agencies (DORA), will provide staffing and administration for the Title Insurance Commission.  

“I’m happy to see the Title Commission members appointed,” said Commissioner Salazar.  “Now we can get to the task of improving the business of title insurance for consumers as well as the industry.”  

Per the law that created the Title Insurance Commission, Governor Hickenlooper appointed three members who are employees of title insurance companies, three title insurance agents and three at-large public members who are not involved in the title insurance business.  

For terms expiring August 5, 2017:

  • Phillip Michael Schreiber of Littleton, to serve as a licensed employee of a title insurance company with not less than five years of experience in the title insurance business.
  • Alexander Pankonin of Denver, to serve as a resident title insurance agent with not less than five years experience in the title insurance business.
  • Gary Glenn of Tabernash, to serve as an at-large public member who is not engaged in the business of title insurance and resides outside of a standard metropolitan area. 
  • Charles Hallack Cowperthwaite of Littleton, to serve as an at-large public member who is not engaged in the business of title insurance.

For terms expiring August 5, 2019:

  • Paul David Dickard of Aurora, to serve as a licensed employee of a title insurance company that has netted admitted assets of less than $500 million, with not less than five years of experience in the title insurance business.
  • Carl Phillip Laffin of Highlands Ranch, to serve as a licensed employee of a title insurance company that has netted admitted assets of more than $500 million, with not less than five years of experience in the title insurance business.
  • Jason Duncan of Alamosa, to serve as a resident title insurance agent with not less than five years experience in the title insurance business.
  • Patrick Alan Rice of Superior, to serve as a resident title insurance agent with not less than five years experience in the title insurance business.
  • Mary Renee Babkiewich of Denver, to serve as an at-large public member who is not engaged in the business of title insurance. 

Title insurance is an agreement that should a problem arise in the ownership records of your property, your insurer will fix the problem, defend you against it, or compensate you for any losses.

Over the years, a home, and the land it stands on, may go through several ownership changes. The “chain of title” describes the history of ownership. However, there can be unexpected problems in the chain of title that could emerge and cause trouble. Title insurance covers the insured party for any claims and/or legal fees that arise out of such problems.  There are two basic forms of title insurance: Owners and Lenders.  Find more information about title insurance by visiting the DOI’s Title Insurance FAQ.  

 

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About DOI
The Colorado Division of Insurance (DOI), part of the Department of Regulatory Agencies, regulates the insurance industry in Colorado and assists consumers and other stakeholders with insurance issues. Visit www.dora.colorado.gov/healthinsurance for more information
 
About DORA
The Department of Regulatory Agencies (DORA) is dedicated to preserving the integrity of the marketplace and is committed to promoting a fair and competitive business environment in Colorado. Consumer protection is our mission. Visit www.dora.colorado.gov for more information or call 303-894-7855 / toll free 1-800-886-7675
 

Media Contact:
Vincent Plymell
Division of Insurance
p: 303-894-2261 | c: 303-910-9614