Bulletin: CO000024

Date:
April 07, 1999
To:
All Colorado Issuing Offices
RE:
Letters Accompanying Policies

Dear Associates:

This bulletin relates to the form letters used by many agents which accompany policies when mailed to the insured. Many of these form letters contain references to the Short Term/Reissue Rate which are filed with the Colorado Division of Insurance. References to the Short Term/Reissue Rate could be inadvertently misleading or could contain inaccurate description of these rates and thus could possibly be misconstrued. In order to avoid any perceived or actual violations relating to the Colorado Unfair or Deceptive Trade Practices Act or other applicable laws or regulations, we are asking that all issuing offices in Colorado refrain from references to the Short Term/Reissue Rate in these letters.

If you have any questions in regard to this please feel free to contact the Colorado District office.

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