- November 30, 2009
- All Stewart Title of California Offices
- Work Share/Support Services Agreements
On October 19, 2009, Stewart Legal Services issued Stewart Bulletin SLS2009015 dealing with Work Share/Support Service Agreements. It has been brought to our attention that California affiliate offices have been requested to enter into what is commonly referred to as "split" agreements or arrangements. In case there are any questions or confusion, such "split" agreements are subject to Bulletin SLS2009015. Any such agreement or any agreement dealing with the sharing of fees, must be in writing, only between wholly owned affiliates, compliant with local, state and federal laws, and approved by Stewart Legal Services.
Should your area (or former Divisions within your area) be a participant in any Work Share Agreement, Support Service Agreement, Split Agreement or any other such agreement, you must immediately forward a copy of that agreement, or if not in writing, a complete description of such agreement, to Monique Winston at Stewart Legal Services in Houston and a copy to Robert Cavallaro at STCA Corporate Offices in San Diego, for review and approval, if warranted. This applies to all such Agreements, including those that you believe may have been previously submitted and/or approved.
Again, your immediate attention to this matter is required.
If you have questions related to this bulletin, please contact your local underwriting personnel or Stewart Legal Services.
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.
- Bulletins Replaced:
- Related Bulletins:
- SLS2009015 This bulletin has been replaced.
- Underwriting Manual:
- Exceptions Manual: