Hey George,
I think the practices vary by state, however, I think the underwriters all "expect" their agents to issue policies in a timely manner. Ellen's comments are interesting... as I'm sure she is aware, Missouri seems to have a problem in this area. They have proposed new legislation that, in part, seems to be strengthening their requirements for issue policies. See Bills Propose Title Insurance Changes in Missouri.
Best,
Robert A. Franco
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