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Bulletin: NY000583

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Bulletin: NY000583

Note: This Bulletin has been replaced by NY000710 - Over limits/High Liability/Special/Extra Hazardous Risks Update New York Policy Issuing Offices. Use it for reference only.
v 2
Date: May 05, 2016
To: All New York State Agents
RE: Over limits/High Liability/Special/Extra Hazardous Risks Update New York Policy Issuing Offices

Periodically we update bulletins based upon our underwriting and claims experience.  In addition to the required submission of an over limits request for NEW YORK policies exceeding the contractual limitations set forth in the STEWART TITLE INSURANCE COMPANY underwriting agreements, please submit an...

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:
NY000036 - Claims Prevention 1) Identification of Parties and 2) Mortgage Satisfactions NY000371 - Purchase of New York "Subprime Home Loans" NY000372 - New Act Relating to Mortgage Foreclosures and Subprime Loans NY000396 - Fraudulent MERS Satisfactions and Fraudulent Mortgage Satisfactions NY000434 - Prohibition Against Self Dealing NY000459 - Insuring at or after Mortgage or Deed of Trust Foreclosure NY000460 - Attorney Affirmation-Required in Residential Foreclosure Actions NY000461 - Amendment to Real Property Law - Mortgagor Right to Recover Legal Fees NY000465 - Insuring at or after Mortgage or Deed of Trust Foreclosure Part 2 NY000472 - Oil & Gas Lease / Mineral Rights Affirmative Coverage NY000585 - US Department of Treasury: Financial Crimes Enforcement Network (FinCEN) Geographic Targeting Order, Manhattan, Brooklyn, Bronx, Queens and Staten Island NY NY000597 - Recent Legislation Affecting NYS Mortgage Foreclosure Actions NY000598 - Title Alerts and Underwriting Bulletins 2017 Reminder NY000610 - Title Alerts and Underwriting Bulletins 2018 Reminder NY000619 - Title Alerts and Underwriting Bulletins 2019 Reminder NY000629 - US Department of Treasury: Financial Crimes Enforcement Network (FinCEN): Geographic Targeting Order, Manhattan, Brooklyn, Bronx, Queens and Staten Island NY NY000631 - Counterfeit Cashier’s and Official Checks Drawn on First Federal Savings Bank NY000633 - Title Alerts and Underwriting Bulletins 2020 Reminder NY000635 - RPAPL Section 1302-a: Waiver of the Lack of Standing Defense NY000643 - US Department of Treasury: Financial Crimes Enforcement Network (FinCEN) - Geographic Targeting Order: Boroughs of Manhattan, Brooklyn, Bronx, Queens and Staten Island, NY; and others. NY000651 - Title Alerts and Underwriting Bulletins 2021 Reminder NY000664 - Title Alerts and Underwriting Bulletins 2022 Reminder NY000677 - UNDERWRITING – Foreclosure Sales NY000680 - Title Alerts and Underwriting Bulletins 2023 Reminder NY000702 - Title Alerts and Underwriting Bulletins 2024 Reminder NY000709 - 10/1/2024 AMENDED High Liability/ Over Limit Policy Approval Procedures – New Form NY000710 - Over limits/High Liability/Special/Extra Hazardous Risks Update New York Policy Issuing Offices
Underwriting Manual:
None
Exceptions Manual:
None
Forms:
None