Bulletin: MU2015004

Date:
December 08, 2015
To:
All North Dakota and South Dakota Issuing Offices
RE:
RATES AND/OR FORMS UPDATE - New Forms

Dear Associates:

The following forms have been approved for use in North Dakota and South Dakota: 

ALTA Homeowner's Policy of Title Insurance (12-02-13)

AI.TA Expanded Coverage Residential Loan Policy (12-02-13)

ALTA Short Form Residential Limited Coverage Junior Loan Policy with Addendum (4-2-13)

ALTA Endorsement 11.2-06 (Mortgage Modification with Additional Amount of Insurance) (12-02-13)

ALTA Endorsement 41-06 (Water - Buildings) (12-02-13)

ALTA Endorsement 41.1-06 (Water - Improvements) (12-02-13)

ALTA Endorsement 41.2-06 (Water - Described Improvements) (12-02-13) 

ALTA Endorsement 41.3-06 (Water - Land Under Development) (12-02-13) 

ALTA Endorsement 42-06 (Commercial Lender Group) (12-02-13) 

ALTA Endorsement 43-06 (Anti-Taint) (12-02-13) 

ALTA Endorsement 44-06 (Insured Mortgage Recording) (12-02-13)

Please note that under SD Codified Laws Section 21-25A-3 an endorsement must be added to all of the new policies stating as follows: "Any provisions in the Conditions relating to Arbitration are hereby deleted."  

Agents using or AIM+ should contact PropertyInfo Customer Care to get the new rate(s) changes implemented in their 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.