Which is NOT a type of title insurance rate in Maryland?

In the context of title insurance rates in Maryland, understanding the various types helps to clarify why "variable rate" is not recognized as one of the available options.

Title insurance rates in Maryland are generally categorized into established types that serve specific purposes, such as the standard rate, which is the base rate for typical transactions. The file rate is associated with specific underwriting guidelines, and the reissue rate is a reduced rate applicable when prior title insurance policies are in effect, acknowledging the existing coverage and reducing the need for extensive underwriting.

The absence of a "variable rate" option signals that Maryland does not recognize a rate structure that changes based on market conditions or individual circumstances. Instead, the established categories provide a stable framework for title insurance pricing, ensuring consistency and predictability for both consumers and insurers. Thus, identifying "variable rate" as not applicable reinforces the structured nature of title insurance in Maryland, distinguishing it from other states or markets that might employ variable pricing.