Bulletin: LA2008002

Date:
September 17, 2008
To:
All Louisiana Issuing Offices
RE:
ALTA Endorsement 23-06 Co-Insurance/Single Policy (01-01-08)

Dear Associates:

The Louisiana Department of Insurance has approved the LATISSO filing of ALTA Endorsement 23-06 Co-Insurance/Single Policy (01-01-08). This Endorsement is available for use effective immediately.

ALTA ENDORSEMENT 23-06 Co-Insurance/Single Policy (01-01-08)

This endorsement, at the insured's request, apportions the liability under the policy among multiple insurers.

Each Co-Insurer shall receive its proportional share of the single policy premium of the Issuing Co-Insurer, and shall be liable to the Insured under the Co-Insurance Policy only for the total of the loss and costs multiplied by its Proportion of Liability.

The Louisiana Rate and Form Manual has been updated to reflect the addition of this endorsement form and rate rule. Please go to www.stgla.com for the updated manual and to obtain this endorsement in electronic format.

The Stewart Title Guaranty Louisiana Team is available to assist you.

Malcolm Meyer-Louisiana Underwriting Counsel 1-800-209-4675 Ext. 1 Malcolm.A.Meyer@arlaw.com
Rose Anne Seemann -Louisiana Agency Services Rep 1-800-209-4675 Ext. 2 RoseAnne.Seemann@stewart.com
Wayne McDonald-Louisiana Agency Services Manager 1-800-209-4675 Ext. 3 mmcdonal@stewart.com
John Hall-District Agency Manager 1-800-209-4675 Ext. 4 John.Hall@stewart.com
Danielle Brooks-Louisiana Automation Coordinator 1-800-209-4675 Ext. 5 Danielle.Brooks@stewart.com


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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:
ALTA Endorsement 23-06 Co-Insurance/Single Policy (01-01-08)