Bulletin: NE2011001

Date:
June 15, 2011
To:
All Nebraska Issuing Offices
RE:
Title Insurance Rate Increase

Dear Associates:

Effective June 8, 2011, the Nebraska Department of Insurance has approved a rate modification for owner’s policies issued by or on behalf of Stewart Title Guaranty Company in transactions involving Nebraska real estate.

The modification involves an increase in the Original Issue rate for owner’s policies as shown on revised Pages 2 and 3 of our underwriting manual, a copy of which is attached.  There is also attached a Rate Comparison, for ready review of the impact of this rate increase at various levels of coverage.

Charges for the owner’s policy and the loan policy have been separated.  Original loan charges have not been changed.

Agents may continue to apply the pre-June 8, 2011, rates to orders already in process.

If you have any questions relating to this or other bulletins, please contact a Stewart Title Guaranty Company underwriter.

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