May 19, 2016 By UPS Overnisht Re: North American Title ... · Please don't hesitate to contact me if you have any questions or if you need anything further. I can be reached at (925)

NORTH AMERICAN T ii^:;;r;;^

%;c i"; pl W %.,;.; 1855 Gateway Boulevard Suite 600

NORTH AMERICAN TITtE INSURANCE COMPANY I Concord, CA 94520

925.935.5599f: 925.933.4851

MAY ^2016

May 19, 2016

By UPS Overnisht

Office of the Superintendent of InsuranceTitle Insurance Division

1120 Paseo de PeraltaSanta Fe,NM 87501

Re: North American Title Insurance Company ("NATIC")NAIC 50130; FEIN: 95-2275595

To Whom It May Concern:

We enclose the Underwriters Statistical Report filed on behalf of North American TitleInsurance Company, including the Affidavit with original signatures. The report was submitted

in an excel version to the e-mail listed in the instructions on the title insurance division web site.

North American Title Insurance Company received a Certificate of Authority on

November 3, 2014 and has not yet begun to do business in the State.

Please don't hesitate to contact me if you have any questions or if you need anythingfurther. I can be reached at (925) 935-5599, ext. 567 or by e-mail at Losterlohâjnatic.com.

Thank you for your courtesy.

Very truly yours,

Y-^/~N^//^^y7 ^Q94!Jl '(J(yfCt^^r

Lora L. Osterloh

Paralegal

Ho/Enclosures

YOUR DREAM.

NEW MEXICO TITLE INSURANCE UNDERWRITERS STATISTICAL REPORT

AFFIDAVIT

For Calendar Year Ending December 31, 2015

THE STATE OF CaMorns'^

THE COUNTY OF

i\fe<r+"h fiimerifco-**> T-*^''-*tt.

I, l-o'r&. L. , the PcAx'o.le^c,,! (job position) oflnswu-c (1-/'^name of Company), being

duly sworn, deposes and says that all of the income, expense and other informational items contained on the

attached Forms 1 though 6 of this named Company's Underwriters Statistical Report for the year endedDecember 31, 2015 are a full and true statement of income and expenses in accordance with the instructions

provided, according to the best of my information, knowledge and belief.

-ffn r~/.Signature

\

SUBSCRIBED AN? SWORN BEFORE ME this _day of_,2016.""X"

Notary Public \

\

My Corn mission Expires

Q^/7J0<-

|A notary public or other officer completing thiscertificate verifies only the identity of the individualwho signed the document to which this certificateis attached, and not the truthfulness, accuracy, orvalidity of that document.

State of Caiyorni^ //-,._/County of

Subscribed and sworn to (or affirmed) before me^pn,this(j0r_lday of 204^., by ;

proved to me on the basis of satisfactory evidence to be theperson(s) who appeared before me.

SHAWNA MENDENHM.l.Commission # 2039611NotaryPublic - CatHornla z

Contra Costa County ^Mv Comm, Expires Sep 26,2017J

(Sea 1)*"^''~^^~y~y^~y^^^^^?ia1;u rer-, ft

><~V>! :fH ft fi Al'v—i? fiMllWl OWr^S/H


FORM 1: STATEMENT OF INCOME AND EXPENSES


NEW MEXICO EXPERIENCE ONLY[

Insurance Company: North American Title Insurance Company

NAIC Code:

Yes NoDo you have cfffec( operations or affiliated agencies in New Mexico?

If you DO have direct operations or affiliated agencies in New Mexico,are the expenses that are reported by those direct operations or affiliated

:K:

Yes Noagencies on their Agent Statistical Reports also included on Part B below?

Part A: Revenue1. Direct premiums written2. Direct premiums written that are retained by agent3. Direct premiums written that are remitted to underwriter4. Escrow and settlement service charges5. Other title fees and service charges6. Total Other Income7. Total Revenue

DirectOperations

0

00

Non-Affiliated

AgencyOperations

0

00

x_

AffiliatedAgency

Operations

0

00

Total

0000000

NAICAnnual

StatementSchedule T Differ

I 01 01

I 01 01

For underwriters that charge rates below the promulgated rates: FronLEorm 3 DifferenceI 8. Direct premiums as if they had been written at promulgated rates | 0

PartB; Corporate Expenses

Line 1 a$ denned per NAIG Annual Statement, STATEMENT OF INCOME E>LlnesZ through 22 as dBfined per NAIC Annual Statement, EXPENSES Exhli

All entries should show NEW MEXICO expenses only and should NOT !operation on their Agent Statistical Reports.

1. Losses and loss adjustment expenses incurred2. Total personnel costs3. Total production services purchased outside4. Advertising

5. Boards, bureaus and associations6. Title plant rent and maintenance7. Claim adjustment services8. Amounts charged off, net of recoveries9. Marketing and promotional expenses

10. Insurance11. Directors' fees12. Travel and travel items13. Rent and rent items14. Equipment15. Cost or depreciation of EDP equipment and software16. Printing, stationery, books and periodicals17. Postage, telephone, messenger and express18. Legal and auditing19. Total taxes, licenses and fees

20. Real estate expenses21. Real estate taxes22. Aggregate write-ins for miscellaneous expenses

23. Total Corporate Expenses

iblt.

lowanyexpi

0

isos reported

0

y a direct o

0

affiliated

00000000000000000000000

Part C: Net Income1. Income (Loss)


FORM 2: RESERVES, INVESTMENT GAIN AND SURPLUS


COUNTRYWIDE EXPERIENCE


Countrvwide

T2.

^4.

~5.

Known claims reserve

Statutory premium reserveAggregate of other reserves required by lawSupplemental reserveTotal Reserves

3,872,91435,408,868

39,281,782

6.-7.

8.

Net investment income earnedNet realized capital gains (losses)Total net investment gain

2,890,763

2,890,763

I 9. | Federal and foreign income taxes incurred 509,538 I

10.1 Surplus as regards policyholders 57,672,829

NEW MEXICO TITLE INSURANCE UNDERWRITER'S STATISTICAL REPORT

FORM 3: TRANSACTION REPORT

For Calendar Year Ending Decembers?, 2015

NEW MEXICO EXPERIENCE ONLY

Insurance Company: North American Title Insurance CompanyFor Underwriters

That ChargeRates Below the

PromufgaiedRates

mForr^k).

nonenone

nonenonenonenonenonenonenonenonenonenone

22222222226

6.1

910nII11111213

13.1

141516

16.116.2

171820202020202021

21.<

222324

24.1

252628

28.128.2

233031333441•42

<3444546474850

50.1

5152545556

56.157

57.15860

60.1

61626364

Trans-acUon

Code0001000200030004000500060007000800090010oon00130101010201030104010501060<1001150120012502010202020302040205020602400250026002800600060109001000110411051106110812001300130114001500160016011602170018002000200320102015202020252<on2101220023002400240125002600280028012802230030003100330034004100420043004400450046004700480050005001510052005400550056005601570057015800600060016100620063006400

Transaction Tvpe

Charae For Additional Chain Of TitleCharge For UhpfaHed Tract Of Uhusual Conytexityabstract Retirement CreditLoan Policy - Mechanic's UenCoverage With Evidence of Prionty-oan PoSjcy - Mechafiic's Uen Coveraae VWhoirt Evidence of Priority3wner's Poiicy - Medianic's Uen Coverage - FiSinj] Period Expired3v/ner's Policy - Mechanic's Uen Coverafle - Fiiina Period Not ExpiredSurvey Coverage &tdorsemer(t

DupGcate Original PoBcyOwner Pro Forma Poficy-oan Pro Forma Policyânceffatlon FeeSv/ner's Policy3v/ner's Poiicv - W? Bdk Rate^tiple Owners on Same Land - Simdtaneous issuereplacement Owner's Poticvowner's Policy After Forectosure - Competed Foreciosureowner's Policy After Foreclosure - Terminated Foredosu-e

owner's Policy - Reissue (10% DiscoLnt)3wner's Policy - Reissue (15% Discoint)owner's Policy - Reissue (20% Discotnt)3wner's Po!icv - Reissue (25% Discoint)

.pan Poiicy < Singte Issue

.oan Policy - Simtitaneous Issue with Owner's Poiicv-pan Policy * Second Mortgage or Subsequentjssuereplacement Loan PoSicy

-pan Poticy Insuring Cortstruction Loan-oan Policy Insurinfl Construction Loan Brtension-pan Policy. Substitubon Rate (wtlhtn 3 years - 40%).oan Policy - Substitution Rate fmore than 3 years, less than 5 - 50%)-pan Policy. SubsBution Rate (more than 6 yean. less than 10 - 60%).oan Po!icy ' StAstHution Rate (more than 10 years, less than 20 - 80%)Sonvnrtment for Trtte fnsuranceâin Lansuage Commrtment for Trtle Insu'anceNotice of Ayailabtifty of Oy/ner's Title Insurance^:acdtative Reirtsurance Afireement^rrection/Muftipurpose Endorsementrenewal, Extension and Partiat Release EndOfsementextension of Commitment for TRIe Insurancencrease En Coveraae

>mdonmum &idorsement - AJI Assessments (ALTA 4-06)canned Urtt Deveiopment Endorsement - All Assessments (ALTA 5-06)farmed Urtt Development Endorsement - Unpaid Assessments fALTA 5.1-06)/ariable Rate Mortoafle EndorseEoent (ALTA6-06)/ariable Rate Mortgage Endorsement - Negative Amortization (ALTA 6.2-06)^lanufactu-ed Housing Uhtt Endorsennent <ALTA 7-06)danufachre Houm Unt (Conversion Loan) Endoisement (ALTA 7.1-06)Manufacture Housing Urtt (Conversion Owner's) Endorsement (ALTA 7.2-06)êvotving Credft &idofsemerrtconstruction Loan PoBcv Endorsement A-easehold Owner's Endoraement (ALTA 13-06)-easehoid Owner's Policy - Simitaneous Issue with Owner's PoEicy.easehold Owner's PoScy - Reissue (10% Discount}.easehoid Owner's PoBcy - Reissue f15% a'scount).easehofd Owner's Policy - Reissue (20% Kscpunt).easehoid Owner's Policy - Reissue (25% Kscount)

-easehotd Loan Endorsemtnt (ALTA 13.1-06).easehold Loan Policy - Sjmuttaneous issue with Leasehold Owner's Ppjcy^'ending DisbuTsement Down Date Endorsementênding Improvements Endorsement

assignment _&vlorsement (ALTA 10-06)teslgnment BIKJ Down Dale Endorsement (ALTA 10.1-06)additional Advance EndorsemerA:)artla! Covera^& Endorsement'kin-tnputation-FuBEQuty Transfer Endorsement (ALTA 15-06^

ton-lmputalion - Additional tnlereat Endorsement (ALTA 15.1-06)ton-lmputation - Partia! Equty Transfer Endorsement (/U.TA 15.2-06)

amronroental Protecfon Uen Emiotsement (ALTA 8.t-06)^ndoniintUfnEndofsementUhpaid Assessments (ALTA 4.1-06)owner's Leasehold Conversion EndorsementchangepfName EndorsemerA

J.S. Polcy ALTA (12.03-12).inxted Pfe-Foredosure Trtte Insurance PoUcy fi^Xfi, (12-03-12)Jmited Pre-Fortdosure Title InaufBncll Polcv Down 0>te Endorsement (ALTA 12-03.12)

nstjring ATOLTKI Endorsement?evo)w>gJ>edit - Increased Credft Umrt Endorsement

residential Limited CoveraBe Jtnor Loan PoBcy ALTA (Rev. 08-01-12))own Date Endorsement to Residential Limited Coverage Junior Loan Policy JR1{ALTA 08-01-12Lendorsement to Residefib'ai Umte^Covefage Junior Loan Pdicy JR2 (ALTA 06^)1-12)•ruth-ln-Lendina Endorsement (ALTA 2.06)testrictions. Encroachments and Minerals Endorsement - Loan Policy (ALTA 9-06)lestnctions Encroachments, Minerals - Loan Policy Endorsement {ALTA9.3-06L

-and Abuts Street Endorsement

.ocatton Endorsement (ALTA 22-06)Santimty Single Parcel Endorsement (ALTA 19.1-06)earned Insired Endorsementiestrictions. Erwoschments, Mmecals - Owner's Poficy (UnimprovedLand) Endorsement (ALTA 9.1-08)testrictions, Encroadimsnts, Minerais - Owner's Poficy (Unimpfoved_Land) Endorsement (ALTA 9.4-W)testrictions, Encfoachments, Minerais - Owner's Poiicy (Inyroved Land) Endoniement (AL.TA 9.2-06)teslrictions, Encfoachments, and Mlner^s - (Owner's Policy - Ifrprovect Lancf) Endorsefnent <ALTA 9.5-06)

Irst Loss^MtItipte Parcel Transactions Endorsement (/^TAIO-06)^gregation Endorsement (ALTA 12-06}^ggreflation &Kiorsement (ALTA 12.1-061:oundation Endorsement

tesignmerrt of Rents or Leases Endorsement (ALTA 37-06)ihort Form Residential Loan Policy'.ofvng - Lhimproved Land Endorsement (ALTA 3-06)

fWACReadation

I3.t4.9.1613.14.9.16

13.U.9.2413.14.9.40 E3.14.S.40E

13.14.10.9A3.14.10.98

i3.14.10.1013.14.9,3313.14,5.13.3.14.5.13i3.14.9.1SB

13.14.9.2013.14.S.233.14.9.323.14.9.263.14.9.283.14.9.283.14.9.35i3.14.9.35i 3.14.9.3513.14.9.35

3.14.3.223.K.S.303.14.S.363.14.S.263.14.9.40A3.14.9.40B

3.)4.9.393.U.9.393.14.9.393.14.9.393.14.8.19A3.14.9.19A

loneune3.14.8.83.14.10.203.14.9.19A

3.M.6.8D3.14.10.143.14.10.153.14.10.15

3.14.10.123.14.10.12

3.14.10.133.14.10.133.14.10.133.14.10.123.14.9.40D3.14.10.19

3.14.9.313.14.9.353.14.9,353.14.8.353.14.S.353.14.10.193.14.9.303.14.10.183.14.10.233.14.10.83.14.10.83.14.10.11one3.14,10.21

3.14.10.213.14,10.213.14.10.22

3.14.10.243.14.9.38one3.14.9.253.14.9.283.14.10.18

one3.14.10.30

3.14.S.293.14,10.323.14.10.333.14.10.313.14.10.34

3.14.10.343.14.10.363.14.10.37

3.14.10.393.14.10.403.14.10.34

3.14.10.343.14,10.343.14.10.34

3.)4,10.4t3.14.10.43

3,)4J0.433.H.10.443.14.10.45

3.14.9.223.14.10.47

Number ofTransaction

KrectPrerreums

WnUen_

64.165

65.<65.2666768697071727374757677787980

80.180.283

83.183.284858688

88.188.288.388.488.588.688.788.88990912222

6401_65006501

_65026600

_67006800

_6900

7000_71007200

_7300740075007600770078007900800080018002830083018302840085008600880088018802880388048805880688078808

,89009000

,9100

9240925092609280

Zoning - Wmproved Land - No Applicable Zorana Ordinances EndorsemerAZonha - Completed Structne Endoisemant (ALTA 3.1-06)Zonlnfi - Land Uhder Developmert Endorsement (ALTA 3.2-06)Zoning - Compfeted Structire - No Applicable ZonEng Ordinances Endorsement

Sontifjiitv - Multiple Parcets Endorsement (ALTA 19-06)itecesa and Enbv Endorsement (AI.TA17-06)ndirect Access and Entry Endorsement (ALTA 17.1-06)JBty Access EndorEement (ALTA 17.2-06>^mmerdal Environmental Protection t-ien Endorsetnent (ALTA 8.2-06)

âverse Martnaae Endorsement (ALTA 14.3-06)Single Tax Parcel Endorsement (ALTA 18.06)Udtlpte Ta» Pared Endoreement (ALTA 18.1-06>:)oing Business Endorsement {ALTA 24-06)Subdtvisron Endorsement(ALTA 26-06)Easement-Damage or Enforced Removal Endorsement (ALTA 28-06)însurance - Single PoBcy Endorsement (ALTA 23'06LSame as Su-vey Endorsement (ALTA 25-W)

Same as Portion of Survey Endorsement {ALTA 25.1-06)Mortgage Modification Endorsement (ALTA 11-06)ôrtoafle Modification With Subordination Endorsement (ALTA 11.1-06)ôrtgafle Modification With Additional Amount of Title Insurance Endorsement (ALTA 11.2-06)construction Loan - Endorsement (ALTA 32.0-06)construction Loan - Direct Payment Endorsement (ALTA 32.1-06)construction Loan - Insurecfs O'rect Payment Endorsement (ALTA 32.2-06)

astamement EiKlorsement (ALTA 33-06)dentified Risk Coverage Endorsement'oltey Authentication Endorsement (ALTA 39-06)Energy Project Leasehold/Easement - Owner's Endorsement (ALTA 36.06)Energy Project Leaseho!d/Easement - Loan Endorsement (ALTA 36.1-06)Energy Project Leasehold - Owner's Endorsement (ALTA 36.2-06)Emray Project - Leasehold - Loan Endoraament (ALTA 36.3-06)energy Project Covenants, Conditions & Restrictions - Land Uhder Devefopment - Owner's Endorsement (ALTA 36.4-06)Energy Project Covenants, Conditions & Restrictions - Land Ubder Development - Loan Endorsement (ALTA 36.5-06)

energy Projed - Encrochments Endorsement <ALTA 36.6-06)Snergy Prolect - Fee Ealale . Owner's Pdlcy Endorsement (ALTA 36.7-OS)

energy Project - Fee Estate - Loan Policy Endorsement (ALTA 36.8-06)^lezzamie Financing Endorsement (ALTA 16-06)

residential Limited Coverage ModificaUon of Mortflage Policycontract Purchaser Conversion Endorsement-oan PoBcy - Statutory Rate (within 3 years - 40%).oan Policy - Statutoryjiate (more than3 years, fess than 5 - 50%).oan Policy - Statutory Rate (more than 5 years, less than 10 - 60%)-oan Pojicy - StatiAory Rate (more than 10 years, less than 20 - 80%)

13.14.10.47t3.14.10.4813.14.10.4813.14.10.4813.14.10.3913.14.10.013.14.10.5013.14.10.5113.14.10.5213.14.10.5313.14.10.54

13.H.10.5513.14.10.5613.14.10.5713.14.10.5813.14.10.5913.14.10.38t3.14.10.3813.14.10.20f3.14.10.6113.14.10.61

wnewnewne13.14.10.18

ione13.14.18.111f3.14.10.6013.14.10.6013.14.10.6013.14.10.6013.14.10.6013.14.10.6013.14.10.6013.14.10.6013.14.10.6013.14.10.62

13.14.9.4213.14.6.1059A-30-6.1 NMSA1978iSA-30-6.1 NMSA1978i9A-30-6.1 NMSA1978S9A-30-6.1 NMSA1978

TOTAL: 0 0

YeaYesYesYes

NoNoNoNoNoNoNo^toNoNoNoNo^k>NoNoNo

YeaNoNoNoNo^klNo

YesY«s

YesYesYesYesYesYe>YasNo

YesYesYesYes

YesYes

0

Crosscheck with Form 1: IDifference:!

Explanation for Difference (if any):I rtorth American Tftle Insu-ance Corrvany has not yet beoun to do business In New Mexico, The Coffpany was licensed In htoverriber ^014.


FORM 4: PREMIUM DISTRIBUTION BY LIABILITY RANGE



Insurance Company: North Amer

Transactions that are Dependent on the Basic Premium Rate

Liability Range ($000)

More than

05

102030405060708090

100200300400500

1,0002,0003,0004,0005,000

10,00015,00025,000

50,00075,000

ige($000)But no

more than

5102030405060708090

100200300400500

1,0002,000

3,0004,0005,000

10,00015,00025,00050,00075,000

100,000Over 100,000

All

Number of

Transactions

0

DirectPremiums

Written

0

Crosscheck with Form 3:Difference:

00

00

Explanation for Difference (if any):North American had not yet begun to do business in New Mexico. The Company was licensed in November 2014.

Note: Include all transactions listed as "Yes" in the "Dependent on Basic Premium Rate" column of Form 3.


FORM 5: DIRECT PAID LOSS DEVELOPMENT




Years inWhichPoliciesWere

WrittenCumulaflva Paid Losses and Allocated Loss Adjustment Expenses atYear End (000 omitted)

2006 2007 2008 2009 2010 2011 2012 2013 2014 2015

Number ofClaimsClosed

WithLoss

Payment

Number ofClaimsClosedWithout

LossPayment

Prior1986198719881989199019911992199319941995199619971998199920002001200220032004200520062007 88888^882008 S888888888832009

B8888888888)201020112012201320142015

2014 2015Total:!

Total Payments during 2015:New Mexico Direct Losses Paid as shown in NAIC Annual Statement Schedule T:

Difference:

Explanation for Difference (if any):North American Title Insurance Company has not yet begun to do business in New Mexico. The Company was licensed in November 2014.

Note: Use the same reporting instructions as for Schedule P - Part 2A of the NAIC Annual Statement,except that loss and ALAE should be DIRECT of REINSURANCE and should be NEW MEXICO claims only.


FORM 6: DIRECT CASE BASIS RESERVES




Years inWhichPoliciesWere

Written

Direct Amount ofWritten InsurancePremium Written I($000) in Millions 2006

Case Bas/s Loss and Allocated Loss Adjustment Expense Reserves at Year End (000 omitted)2007 2008 2009 2010 2011 2012 2013 2014 2015

Prior1986198719881989199019911992199319941995199619971998199920002001200220032004200520062007 888888888812008200920102011 88888888888^888888820122013 888888888888^^8888) 88888888SS820142015 s^m^ro^^

2014 2015Total:!

Increase in Reserves during 2015:Total Payments during 2015:

Case Incurred Loss during 2015:New Mexico Direct Losses Incurred as shown in NAIC Annual Statement Schedule T:

Difference:

Explanation for Difference (if any):North American Title Insurance Company has not yet begun to do business in New Mexico. The Company was licensed November 2014.

Note: Use the same reporting instructions as for Schedule P - Part 2B of the NAIC Annual Statement,except that loss and ALAE should be DIRECT of REINSURANCE and should be NEW MEXICO claims only.

Documents

May 19, 2016 By UPS Overnisht Re: North American Title ... · Please don't hesitate to contact me if you have any questions or if you need anything further. I can be reached at (925)