STG Request For Approval To Issue Overlimits Policy 1

REQUEST FOR APPROVAL TO ISSUE OVERLIMITS POLICY

(MAY NOT BE USED IF TRANSACTION OR POLICY EXCEEDS $5 MILLION)
 

 

From: ____________________      To: Stewart Title Guaranty Company

Authorized Underwriting Personnel

Re: File/Order No. ______________

1. Title was examined from _______ to ________________ (attach copy of Commitment)

2. Starter or prior examination: ________________ (Please list prior Company, Date and Type of Prior Policy)

3. Interest to be insured (fee, lease, easement, option, etc.): ____________________

4. Policy Form and Type      Insured      Amount

(Example: 2006 ALTA Owner's)

_____________ ( ___ ) ________________________ $ _______________
_____________ ( ___ ) ________________________ $ _______________
_____________ ( ___ ) ________________________ $ _______________

5. Describe transaction and purpose of financing: __________________________________________________________________

6. Does land abut an open, dedicated road? ___________ . If not, was title to access easement examined? ______________

7. Is priority of insured lien to be based on subordination agreement? (attach)

8. Brief description of type of property (e.g., apartments, offices, etc.): __________________________________________________

9. Describe authority of seller/borrower (Resolution, Power of Attorney, Limited Partner or Shareholder or Member approval, review of Partnership Agreement or Operating Agreement, Good Standing): _________________________________

10. If recent construction and within lien period, describe proof of payment. (Was a notice of completion filed): _____________________________________________________________________________________

11. This transaction is a construction loan and we (are) (are not) giving mechanic's lien coverage. (Line through inapplicable language and attach exception or endorsement to be used).

12. Does this file involve Request for Mechanic's Lien Coverage and/or Broken-priority (e.g., early start) or no-priority? (If yes, please describe underwriting) ______________________________________________________________________________________

13. Endorsements requested (attach copies if necessary) _____________________________________________________________

14. Other unusual risks and/or affirmative coverages _________________________________________________________________

14. From our examination of the title and the foregoing, we are of the opinion that the Policy or other form presently requested can be safely issued.

___________________________________________ _______________________
TITLE EXAMINER OR CHIEF TITLE OFFICER           PRESIDENT

Based upon the information above given, approval is hereby granted to issue the Policy as requested, subject to the following:

________________________________________________________________________
________________________________________________________________________

IF THERE ARE ADDITIONAL MATERIAL FACTS OR SUBSTANTIVE CHANGES OF CIRCUMSTANCES OR IF ADDITIONAL COVERAGES ARE REQUESTED, YOU MUST OBTAIN WRITTEN APPROVAL.

CALL OUR REINSURANCE DEPARTMENT AT 1-800-729-1906 IF REINSURANCE IS REQUIRED.

Dated: ____________________________

______________________________________ ______
UNDERWRITER PERSONNEL SIGNATURE

______________________________________________
ADDITIONAL UNDERWRITER SIGNATURE

No guidelines are available for this form at this time.