Bulletin: LA2008003

Date:
October 09, 2008
To:
All Louisiana Issuing Offices
RE:
ALTA Endorsement 21-06 Creditor's Rights (01-01-08); Insured Closing Coverage (CPC-LA 08-01-08); Insured Closing Coverage (CPC-LA-Single Transaction 08-01-08); Insured Closing Coverage (CPC-LA-Limitations 08-01-08)

Dear Associates:

The Louisiana Department of Insurance has approved the LATISSO filing of ALTA Endorsement 21-06 Creditor's Rights (6/17/06), Insured Closing Coverage (CPC-LA 08-01-08), Insured Closing Coverage (CPC-LA-Single Transaction 08-01-08) and Insured Closing Coverage (CPC-LA-Limitations 08-01-08 ). This Endorsement and these Insured Closing Coverage letter versions are available for use effective immediately.

ALTA ENDORSEMENT 21-06 Creditor's Rights (06/17/06)

The ALTA Endorsement Form 21-06 Creditor's Rights (06/17/06) replaces the ALTA Endorsement Form 21 Creditor's Rights (06-17-06).

The rate remains at Ten percent (10%) of the Original Rate with a minimum premium of $250.

Insured Closing Coverage (CPC-LA 08-01-08)

The Insured Closing Coverage (CPC-LA 08-01-08) replaces the 08-2004 Blanket Closing Protection Coverage version.

The rate is $25.

Insured Closing Coverage (CPC-LA-Single Transaction 08-01-08)

The Insured Closing Coverage (CPC-LA-Single Transaction 08-01-08) replaces the 08-2004 Specific Closing Protection Coverage version.

The rate is $25.

Insured Closing Coverage (CPC-Limitations-LA 08-01-08)

Insured Closing Coverage (CPC-Limitations-LA 08-01-08) is a new version of closing protection coverage not previously available.

The rate is $25.

The Louisiana Rate and Form Manual has been updated to reflect the change in the ALTA Endorsement Form 21-06 Creditor's Rights (6/17/06). Please go to www.stgla.com for the updated manual and to obtain this endorsement in electronic format.

Stewart's Insured Closing Letter web based production system has been updated with the Insured Closing Coverage letters discussed above. Users have the option to choose the version desired at the "Form Number" option on the "Create ICL" screen.

The Stewart Title Guaranty Louisiana Team is available to assist you.

 

Malcolm Meyer-Louisiana Underwriting Counsel

1-800-209-4675 Ext. 1

Malcolm.A.Meyer@arlaw.com

Rose Anne Seemann-Louisiana Agency Services Rep

1-800-209-4675 Ext. 2

mailto:rseemann@stewart.com

Wayne McDonald-Louisiana Agency Services Manager

1-800-209-4675 Ext. 3

mmcdonal@stewart.com

John Hall-District Agency Manager

1-800-209-4675 Ext. 4

John.Hall@stewart.com

Danielle Brooks-Louisiana Automation Coordinator

1-800-209-4675 Ext. 5

Danielle.Brooks@stewart.com

For on-line viewing of this and other bulletins, please log onto https://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.

References

Bulletins Replaced:
LA000006 This bulletin has been replaced.
Related Bulletins:
LA000016 Rate and Form Filing/ALTA 1-21
 
LA2007001 New ALTA 2006 Forms/New Rates
Underwriting Manual:
None
Exceptions Manual:
None
Forms:
LA ALTA Endorsement 21-06 Creditor's Rights (06/17/06)