Bulletin: SA2011014

Date:
May 17, 2011
To:
All Issuing Offices
RE:
Special Alert - Intact Insurance Company, et al [Revised 07-25-11; 07-26-11]

Dear Associates:

Effective immediately, all issuing offices are instructed not to accept any checks purporting to be drawn on the account of the following entity without the written approval of a Stewart Legal Services representative: 

Intact Insurance Company

Intact Financial Corporation [Added 07-25-11]

Checks suspected to be counterfeit have been drawn on a purported account of this company at the Royal Bank of Canada.   

The following names have been associated with suspicious checks purportedly issued by this company pursuant to different transactions: 

Qi Lee
See Lee
Takara Sumito
Thomas Andrews
Ichiro Adachi
Eric Thompson

Names added on 07-25-11:

Mr. Yanai Takao
Mr. and Mrs. Ichiro
James Walker
Michael Jorhnston
Mark Jordyn
 

Effective immediately, all issuing offices are instructed not to accept any orders or close any transactions involving persons using the above names without the written approval of a Stewart Legal Services representative. 

If you have any pending transactions involving any of these individuals or entities, please contact Stewart Legal Services or your local underwriting personnel.

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:
SLS2011005 Disbursement Practices: Good Funds vs. Collected Funds [Revised 04-27-12]
Underwriting Manual:
None
Exceptions Manual:
None
Forms:
None