Bulletin: IN2007002

Date:
June 22, 2007
To:
All Issuing Offices in Indiana
RE:
Title Insurance Licensing Requirements

Dear Associates:

NewIndiana legislation (House Enrolled Act 1452), effective July 1, 2007, requires title insurance licenses to be renewed every two (2) years instead of every four (4) years.  (I.C. 27-1-15.6-32).  The new legislation also requires anyone renewing their title insurance license to complete at least seven (7) hours of credit in continuing education courses within the two (2) year period rather than fourteen (14) hours of credit.  (I.C. 27-1-15.7-2).  The new renewal period and continuing education requirements will be in effect for new applicants after June 30, 2007.  According to the Department of Insurance, the new renewal period and continuing education requirements will not apply to those with existing licenses until their existing license expires and an application for renewal is made.

Please contact a Stewart Indiana underwriter if you have any questions concerning this or any other topic for which you need assistance.

THIS BULLETIN IS FURNISHED TO INFORM YOU OF CURRENT DEVELOPMENTS. AS A REMINDER, YOU ARE CHARGED WITH KNOWLEDGE OF THE CONTENT ON VIRTUAL UNDERWRITER  AS IT EXISTS FROM TIME TO TIME AS IT APPLIES TO YOU, AS WELL AS ANY OTHER INSTRUCTIONS. OUR UNDERWRITING AGREEMENTS DO NOT AUTHORIZE OUR ISSUING AGENTS TO ENGAGE IN SETTLEMENTS OR CLOSINGS ON BEHALF OF STEWART TITLE GUARANTY COMPANY. THIS BULLETIN IS NOT INTENDED TO DIRECT YOUR ESCROW OR SETTLEMENT PRACTICES OR TO CHANGE PROVISIONS OF APPLICABLE UNDERWRITING AGREEMENTS. CONFIDENTIAL, PROPRIETARY, OR NONPUBLIC PERSONAL INFORMATION SHOULD NEVER BE SHARED OR DISSEMINATED EXCEPT AS ALLOWED BY LAW. IF APPLICABLE STATE LAW OR REGULATION IMPOSES ADDITIONAL REQUIREMENTS, YOU SHOULD CONTINUE TO COMPLY WITH THOSE REQUIREMENTS.

References

Bulletins Replaced:
None
Related Bulletins:
IN000015 New Title Insurance Licensing Requirements and Closer Responsibilities
Underwriting Manual:
None
Exceptions Manual:
None
Forms:
None