Bulletin: LA2014005

Date:
March 27, 2014
To:
All Louisiana Issuing Offices
RE:
RATES AND/OR FORMS UPDATE - Schedule A - ALTA Loan Policy and Short Form Residential Loan Policy

Dear Associates: 

The Louisiana Department of Insurance has approved a Form Filing made by LATISSO effective April 1, 2014, for the policies referenced below.

Schedule A - ALTA Loan Policy 06/17/06 (effective 04/01/14) a/k/a Schedule A for “Standard” or “Regular” Long Form Loan

This revision is only applicable to Schedule A of the ALTA Loan Policy 06/17/06 and is made as a result of recent changes to the ALTA 9 series of endorsements. The 04/01/14 revision to Schedule A removes the ALTA 9.3-06 endorsement from the “checkbox” style listing of endorsements on Schedule A. The ALTA 9-06 endorsement remains in the “checkbox” style listing of endorsements on Schedule A.

The ALTA 9.3-06, ALTA 9.6-06, and ALTA 9.7-06 endorsements may be issued with the ALTA Loan Policy 06/17/06 in traditional endorsement format on a separate page upon payment of the appropriate premium and subject to underwriting requirements.

The updated Schedule A that becomes effective 04/01/14 will be posted to www.stewart.com/louisiana in the Forms and Policy Section. Please contact your software support team for assistance with set up.

Rate has not changed and remains as the Original Rate for Loan Policy. The premium must be collected for any endorsement(s) added on a separate page or incorporated into the policy using the Schedule A checkbox at the rate applicable for such endorsement(s).

Schedule A - ALTA Short Form Residential Loan Policy 06/16/07 (effective 04/01/14) a/k/a Schedule A for “Standard” or “Regular” Short Form Loan

This revision is only applicable to Schedule A of the ALTA Short Form Residential Loan Policy 06/16/07 and is made as a result of recent changes to the ALTA 9 series of endorsements. The 04/01/14 revision to Schedule A removes the ALTA 9.3-06 endorsement from the “checkbox” style listing of endorsements on Schedule A. The ALTA 9-06 endorsement remains in the “checkbox” style listing of endorsements on Schedule A.

The ALTA 9.3-06, ALTA 9.6-06, and ALTA 9.7-06 endorsements may be issued with the ALTA Short Form Residential Loan Policy 06/16/07 in traditional endorsement format on a separate page upon payment of the appropriate premium and subject to underwriting requirements.

The updated Schedule A that becomes effective 04/01/14 will be posted to www.stewart.com/louisiana in the Forms and Policy Section.

Rate has not changed and remains as the Original Rate for Loan Policy. The premium must be collected for any endorsement(s) added on a separate page or incorporated into the policy using the Schedule A checkbox at the rate applicable for such endorsement(s).

Questions relating to this bulletin may be directed to Louisiana Underwriting Personnel at (800) 209-4675 or Stewart Legal Services. 

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 Loan Policy 2006
 
ALTA Short Form Residential Loan Policy and Addendum 2007