Bulletin: UT2014003

Date:
June 27, 2014
To:
All Utah Issuing Offices
RE:
RATES AND/OR FORMS UPDATE - RATE MANUAL UPDATE

Dear Associates:

Effective Date: June 23, 2014

Changes have been made to the Rate Manual in Section B-1, clarifying that the beginning charge from which to calculate a rate is $200 and that no premium for any policy issued will ever be less than $220. $220 is the minimum charge unless the manual specifically provides otherwise, for example, the minimum charge for the Junior Loan Policy is $115.

Please further note that changes were made to the charges to be applied when issuing endorsements. Most endorsement premiums were slightly changed. 

Do not use any Rate Manual (electronic or hard copy) dated prior to June 23, 2014. 

These changes have been made to the Rate Manual, which can be found at https://www.stewart.com/utah.

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:
None