Bulletin: OR2011005

Date:
July 28, 2011
To:
All Oregon Issuing Offices
RE:
Amended OTIRO Rating Manual - Effective 5/31/2011

Dear Associates:   

This Bulletin is sent to advise you of recent amendments to the OTIRO Rating Manual, in effect as of May 31, 2011 for all Oregon title insurance agents.  Relevant changes were made to seven endorsement forms in order to conform to ALTA revisions of 2/3/2011.  One new endorsement was introduced.  Formatting and typographical errors were also corrected.  These changes are identified in the Schedule of Changes as follows: 

Revised Table of Contents: revised Schedule Four – Schedule of Endorsements; elimination of Sections 3.005 and 4.003; corrections to Sections 4.007, 10.050, 10.080, 10.207 and 10.209; revisions to Sections 10.209, 10.213 and 10.214 for revised endorsement forms; addition of Section 10.231; corrections to endorsement references in Short Form Residential Loan Policy; corrections to endorsement forms 57, 62.3, 87, 89, 203.1-06, 207.1-06, 211-06, 214-06 and 214.3-06; revisions of endorsement forms 209.3-06, 209.4-06, 209.5-06, 213-06, 213.1-06, 214-06 and 214.3-06 to conform to ALTA revisions of 2/3/11; new endorsement form 231-06 

Revised Schedule Four – Schedule of Endorsements

Revised Endorsement Forms:  209.3-06, 209.4-06, 209.5-06, 213-06, 213.1-06, 214-06, 214.3-06 

New Endorsement Forms: 231-06

The revised and new endorsement forms can be found on http://www.vuwriter.com.    

As a reminder, agents using AFW should contact PropertyInfo Customer Care to get the new rate changes implemented in their AFW system.

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.