Under the Alabama Title Insurance Act, what must premium rates for title insurance policies be in accordance with?

The correct answer is based on the requirement that premium rates for title insurance policies in Alabama must align with filed premium rates. In the context of Alabama's regulatory framework, title insurance companies are required to submit their proposed premium rates to the appropriate regulatory authority. These rates must be reviewed and approved before they can be applied in the market. By adhering to filed premium rates, insurance companies ensure compliance with state regulations, promoting uniformity and protecting consumers from arbitrary pricing.

This regulatory process ensures that premiums are consistent and reflective of the market conditions, allowing for transparency in how premiums are structured. The reliance on filed rates also emphasizes the importance of proper oversight by the state, which aims to maintain stability and consumer protection within the title insurance industry.