Bulletin: DE2014001

Date:
January 15, 2014
To:
All Delaware Issuing Offices
RE:
RATES AND/OR FORMS UPDATE - Revisions to Delaware Rating Manual and New Endorsements and Policy Effective October 1, 2013

Dear Associates: 

The Delaware Title Insurance Rating Bureau (“DTIRB”) submitted to the Delaware Department of Insurance six (6) revised endorsements, fourteen (14) new endorsements, and one (1) revised policy form. The forms were approved and will be effective October 1, 2013.

The revised endorsements are as follows:

DTIRB 18 ALTA Endorsement 9-06 Restrictions, Encroachments, Minerals - Loan Policy

DTIRB 19 ALTA Endorsement 9.1-06 Covenants, Conditions and Restrictions - Unimproved Land Owner’s Policy

DTIRB 20 ALTA Endorsement 9.2-06 Covenants, Conditions and Restrictions - Improved Land Owner’s Policy

DTIRB 13 ALTA Endorsement 13-06 Leasehold - Owner’s Policy

DTIRB 14 ALTA Endorsement 13.1-06 Leasehold - Loan Policy

DTIRB 40 ALTA Endorsement 20-06 First Loss-Multiple Parcel Transactions - Loan Policy

The new endorsements are as follows:

DTIRB 63 ALTA Endorsement 9.6-06 Private Rights - Loan Policy

DTIRB 64 ALTA Endorsement 9.7-06 Restrictions, Encroachments, Minerals - Land Under Development - Loan Policy

DTIRB 52 ALTA Endorsement 9.8-06 Covenants, Conditions, and Restrictions - Land Under Development - Owner’s Policy

DTIRB 53 ALTA Endorsement 28.1-06 Encroachments - Boundaries and Easements - Loan Policy

DTIRB 54 ALTA Endorsement 28.1-06 Encroachments - Boundaries and Easements - Owner’s Policy

DTIRB 65 ALTA Endorsement 31-06 Severable Improvements - Owner or Loan Policy

DTIRB 61 ALTA Endorsement 36-06 Energy Project - Leasehold/Easement - Owner’s Policy

DTIRB 62 ALTA Endorsement 36.1-06 Energy Project - Leasehold/Easement - Loan Policy

DTIRB 59 ALTA Endorsement 36.2-06 Energy Project - Leasehold/Easement - Owner’s Policy

DTIRB 60 ALTA Endorsement 36.3-06 Energy Project - Leasehold/Easement - Loan Policy

DTIRB 55 ALTA Endorsement 36.4-06 Energy Project - Covenants, Conditions and Restrictions -Land Under Development - Owner’s Policy

DTIRB 56 ALTA Endorsement 36.5-06 Energy Project - Covenants, Conditions and Restrictions - Land Under Development - Loan Policy

DTIRB 57 ALTA Endorsement 36.6-06 Energy Project - Encroachments - Loan Policy

DTIRB 58 ALTA Endorsement 36.6-06 Energy Project - Encroachments - Owner’s Policy

The revised policy is as follows:

ALTA U.S. Policy (12/3/12)

Simultaneously with the approval of the revised endorsements and policy, the following forms have been decertified:

DTIRB 18 ALTA Endorsement 9-06 Restrictions, Encroachments, Minerals - Loan Policy (4/1/2007)

DTIRB 19 ALTA Endorsement 9.1-06 Covenants, Conditions and Restrictions - Unimproved Land - Owner’s Policy (4/1/2007)

DTIRB 20 ALTA Endorsement 9.2-06 Covenants, Conditions and Restrictions - Improved Land - Owner's Policy (4/1/2007)

DTIRB 13 ALTA Endorsement 13-06 Leasehold - Owner’s Policy (4/1/2007)

DTIRB 14 ALTA Endorsement 13.1-06 Leasehold - Loan Policy (4/1/2007)

DTIRB 40 ALTA Endorsement 20-06 First Loss - Multiple Parcel Transactions (4/1/2007)

The revisions to the Rating Manual merely reflect the addition of the new forms, and the Schedule of Rates remains unchanged. The forms are available from the Delaware State Office and on www.vuwriter.com. The Rating Manual will be available under the "Forms and Policy Information" Index on our website: http://www.stewart.com/delaware.

Agents using AIM for Windows (AFW) or AIM+ should contact PropertyInfo Customer Care to have the changes and new rate(s) implemented into the AFW or AIM+ 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.

References

Bulletins Replaced:
None
Related Bulletins:
None
Underwriting Manual:
None
Exceptions Manual:
None
Forms:
ALTA Endorsement 13-06 (Leasehold - Owner's) Revised 04-02-12
 
ALTA Endorsement 13.1-06 (Leasehold - Loan) Revised 04-02-12
 
ALTA Endorsement 20-06 (First Loss-Multiple Parcel Transactions)
 
ALTA Endorsement 28.1-06 (Encroachments - Boundaries and Easements) (04-02-12)
 
ALTA Endorsement 31-06 (Severable Improvements) Adopted 02-03-11
 
ALTA Endorsement 36-06 (Energy Project - Leasehold/Easement - Owner's) (04-02-12)
 
ALTA Endorsement 36.1-06 (Energy Project - Leasehold/Easement - Loan) (04-02-12)
 
ALTA Endorsement 36.2-06 (Energy Project - Leasehold - Owner's) (04-02-12)
 
ALTA Endorsement 36.3-06 (Energy Project - Leasehold - Loan) (04-02-12)
 
ALTA Endorsement 36.4-06 (Energy Project - Covenants, Conditions and Restrictions - Land Under Development - Owner's) (04-02-12)
 
ALTA Endorsement 36.5-06 (Energy Project - Covenants, Conditions and Restrictions - Land Under Development - Loan) (04-02-12)
 
ALTA Endorsement 36.6-06 (Energy Project - Encroachments) (04-02-12) Technical Correction 08-01-16
 
ALTA Endorsement 9-06 (Restrictions, Encroachments, Minerals - Loan Policy) Revised 04-02-12 Technical Correction 08-01-16
 
ALTA Endorsement 9.1-06 (Covenants, Conditions and Restrictions - Unimproved Land Owner's Policy) Revised 04-02-12
 
ALTA Endorsement 9.2-06 (Covenants, Conditions and Restrictions - Improved Land Owner's Policy) Revised 04-02-12
 
ALTA Endorsement 9.6-06 (Private Rights - Loan Policy) (04-02-12)
 
ALTA Endorsement 9.7-06 (Restrictions, Encroachments, Minerals - Land Under Development - Loan Policy) (04-02-12) Technical Correction 08-01-16
 
ALTA Endorsement 9.8-06 (Covenants Conditions and Restrictions - Land Under Development - Owner's Policy) (04-02-12)
 
ALTA U.S. Policy Revised 2012