Bulletin: OR2012003

Date:
May 07, 2012
To:
All Oregon Issuing Offices
RE:
Deviated Rate Filing - Wind Energy Endorsement

Dear Associates:

On June 6, 2011, we issued Stewart Bulletin OR2011002 notifying you of the approval of a deviated filing by the Oregon Division of Insurance for OTIRO Endorsement Form 108 Wind Energy – Personal Property Endorsement.

Recently the Oregon Title Insurance Rating Organization submitted a filing which included OTIRO Endorsement No. 108 – Co-Insurance with Limited Joint and Several Provision Endorsement. 

In order to alleviate confusion resulting from both forms being assigned the same form number, Stewart has re-filed the Wind Energy Endorsement under form number Stewart Title Guaranty Form No. 108 Wind Energy – Personal Property Endorsement.  The updated form is available on Virtual Underwriter.

The charge for this endorsement remains 5% of the Basic Rate with a minimum of $250.00 and a maximum of $1,500.00.

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:
OR2011002 Rate Filing - Wind Energy Endorsement
Underwriting Manual:
None
Exceptions Manual:
None
Forms:
Stewart Title Guaranty Endorsement No. 108 Wind Energy - Personal Property Endorsement