Bulletin: HI2008001

Date:
August 29, 2008
To:
All Hawaii Issuing Offices
RE:
2006 ALTA Policies in Hawaii

Dear Associates:

The Hawaii State Insurance Division approved use of the 2006 ALTA Policies on July 16, 2007. Because of a concern regarding the ALTA policy forms' arbitration provisions, all agents issuing the Stewart Title Guaranty 2006 ALTA policy forms must attach an endorsement, a copy of which is available below, giving assurance that the new policies' arbitration provisions do not supersede Hawaii Uniform Arbitration Act, under Hawaii Revised Statutes Chapter 658A, HRS.


HI Arbitration Endorsement 1 (Click to View)


If you have any questions regarding this matter, please contact an STG underwriter.

District Office: (800) 423-7834

Stewart Legal Services: (800) 729-1902

For on-line viewing of this and other bulletins, please log onto www.vuwriter.com.

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:
None
Underwriting Manual:
None
Exceptions Manual:
None
Forms:
None