Bulletin: LA2009002

Date:
March 27, 2009
To:
All Louisiana Issuing Offices
RE:
Form Filing Change and Rate Rule Change

Dear Associates:

The Louisiana Department of Insurance has approved the following change to the LATISSO Form filing for the ALTA Endorsement 10-06 Assignment. There are no changes to the rate rule for the ALTA Endorsement 10-06 Assignment. The Form change is effective April 1, 2009, and is as follows:

ALTA Endorsement 10-06 (Assignment) Revised 10/16/08
The ALTA revised the Endorsement 10-06 Assignment on 10/16/08. The revisions to the form's language were grammatical and did not create any new liabilities or any new coverage.

The Louisiana Department of Insurance has approved the following change to the LATISSO Rate Rule for the ALTA Endorsement 10.1-06 Assignment and Date Down. Approval has also been granted for the following change to the LATISSO Form filing for the ALTA Endorsement 10.1-06 Assignment and Date Down. The Rate Rule change and the Form change are effective April 1, 2009 and is as follows:

ALTA Endorsement 10.1-06 (Assignment and Date Down) Revised 10/16/08
This endorsement insures the named assignee of a mortgage insured by a Loan Policy but also insures against certain matters recorded between the date of policy and the date of endorsement.

Rate: $100

The ALTA revised the Endorsement Form 10.1-06 Assignment and Date Down on 10/16/08. The revisions to the form's language were grammatical and did not create any new liabilities or any new coverage.

The Louisiana Rate and Form Manual has been updated to reflect the change in the Rate Rule and Form for these endorsements. Please go to www.stgla.com for the updated manual and the revised forms in electronic format.

If you have questions relating to this bulletin, please contact Louisiana Underwriting Personnel at (800) 209-4675 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.

References

Bulletins Replaced:
None
Related Bulletins:
LA2007001 New ALTA 2006 Forms/New Rates
Underwriting Manual:
None
Exceptions Manual:
None
Forms:
ALTA Endorsement 10-06 (Assignment)
 
ALTA Endorsement 10.1-06 (Assignment and Date Down)