- February 09, 2009
- All New York State Office Counsel, Managers and Agents
- Errors and Omissions Coverage Notice of Change or Termination
Effective 3/1/2009, all policy issuing agents are required to provide to Stewart Title Insurance Company with a certificate of insurance showing Stewart Title Insurance Company as a third party certificate holder. This certificate will provide notice of any changes or terminations of your errors and omissions coverage. Attached please find a sample letter for transmission to your insurance carrier or broker.
Please forward the certificate to Kevin Reilly, Agency Services Manager.
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.
To: Insurance carrier or broker
Re: E and O policy number
Third Party Notice provisions
The assured__ (Name of insured entity) _is policy issuing office of Stewart Title Insurance Company. As a requirement of my underwriting agreement with Stewart Title Insurance Company, I am required to provide them with notice of any policy changes or terminations. Please send to Stewart Title Insurance Company directly a certificate of insurance showing Stewart Title Insurance Company as a certificate holder and amend my policy to reflect that notice will be provided to Stewart Title Insurance Company of any policy changes or termination. Notice should be provided to:
Stewart Title Insurance Company
300 East 42nd Street
New York, NY 10017
Attention: Kevin Reilly