Bulletin: NY000391

Date:
January 09, 2009
To:
All New York State Office Counsel, Managers and Agents
RE:
Policy Approval (High Liability/Over-limit Policy Form)

As a policy issuing office of Stewart Title Insurance Company you are required to follow the underwriting limits set forth in your underwriting agreement. When asked to issue a policy over said limits, approval must be obtained from Agency Counsel. The over limits approval form can be found in the Agent Resource Center at www.stewart.com/new-york, click on "Agent Log-In". You will need your Agent ID number to access the Resource Center. If you do not know your agent ID number, please call 212-922-0050.

Once the form is prepared, and signed, send it, along with a pro forma policy or copy of report, to Email to HighLiPolicy@stewart.com or Fax to (646) 525-3596.

It is not necessary to send along the municipal searches or copies of documents unless requested by Agency Counsel.

When reinsurance is required, please fill out the Reinsurance Questionnaire which can also be found in the Agent Resource Center in the Forms and Requests section.

For on-line viewing of this and other bulletins, log onto: www.stewart.com/new-york

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:
NY000290 High Liability/ Over Limit Policy Approval Procedures
 
NY000341 High Liability/ Over Limit Policy Approval Procedures
Underwriting Manual:
None
Exceptions Manual:
None
Forms:
None