Bulletin: SC2022002

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Bulletin: SC2022002

Bulletin Document
Date: May 13, 2022
To: All South Carolina Issuing Offices
RE: RATES AND/OR FORMS UPDATE - New South Carolina Rate Manual

Dear Associates:

Stewart Title Guaranty Company has received approval from the Department of Insurance for changes to its rates effective May 13, 2022. These rate changes primarily affect charges for endorsements and closing protection letters. Click here for a copy of revised rate manual.

Endorsements

Specific rates for ALTA or any other endorsements will no longer be charged by Stewart Title. Endorsements for special or unusual risks that are requested by the proposed insured and acceptable to the underwriter may be issued and charged for at a price agreed upon by Stewart and the insured.

Agents will need to contact Customer Care or their title production software vendor and request that the new rates/forms changes be implemented in their software platforms. For additional assistance with implementation, agents should contact their Agency Sales Representative.

If you have questions, please contact Adam Freeman at adam.freeman@stewart.com or Jay Hill at jay.hill@stewart.com.

If you have any questions relating to this or other bulletins, please contact a Stewart Title Guaranty Company underwriter.

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:
  • None
Underwriting Manual:
  • None
Exceptions Manual:
  • None
Forms:
  • None