Bulletin: MO2016003

Date:
December 05, 2016
To:
All Missouri Issuing Offices
RE:
RATES AND/OR FORMS UPDATE - ALTA Policy Forms and Endorsements Filing - New Forms - Effective date December 7, 2016

Dear Associates:

The Missouri Department of Insurance approved the following ALTA forms and endorsements for use in Missouri effective December 7, 2016. In order to comply with Missouri Insurance Regulation 20 CSR500-1.600 and the requirement that the policies show the name, address, and telephone number of our business as indicated in Section 375.924 RSMo, the Arbitration Endorsement linked below should be attached to the new policies when issued. 

ALTA Expanded Coverage Residential Loan Policy - Current Assessments (4-2-15)

ALTA Short Form Expanded Coverage Residential Loan Policy - Current Assessments (4-2-15)

ALTA Short Form Residential Loan Policy - Current Violations (4-2-15)

ALTA Commitment for Title Insurance (8-1-16)

ALTA Endorsement 9.6.1-06 Private Rights - Current Assessments - Loan Policy (4-2-15)

ALTA Endorsement 18.2-06 Multiple Tax Parcel (8-1-16)

ALTA Endorsement 19.2-06 Contiguity - Specified Parcels (4-2-15)

ALTA Endorsement 28.3-06 Encroachments - Boundaries and Easement - Described Improvements and Land Under Development 4-2-15)

ALTA Endorsement 36.7-06 Energy Project - Fee Estate - Owner’s Policy (12-1-14)

ALTA Endorsement 36.8-0-6 Energy Project - Fee Estate - Loan Policy (12-1-14)

ALTA Endorsement 45-06 Pari Passu Mortgage - Loan Policy (12-1-14)

ALTA Endorsement 46-06 Option (8-1-15) Please note: This endorsement should NOT be issued in Missouri. 

As a reminder, other forms should not be used if a comparable ALTA version is available. If a comparable ALTA version is available, the most current version of the ALTA form available in each state should be used, unless approved by a Stewart underwriter.

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.