Arbitration

Standard Exception Topic

ARB


Arbitration

The 1987, 1990, and 1992 ALTA Policies contain arbitration provisions. Either the insured or insurer can require arbitration if the Policy does not exceed $1,000,000, law allows arbitration (some states do not allow a contract provision), and the arbitration provision is not deleted or amended. The provision is modified or deleted in Texas, New Jersey, Florida, Kansas and Missouri. The clause may be deleted upon request prior to Policy issuance.

Exceptions

Standard Exception Subtopic

ARBX01

STG

03/07/2006
V 4

Deletion of Arbitration from Owner Policy

Section 14 of the Conditions and Stipulations of this Policy is hereby deleted.
Comment: This clause may be inserted in Schedule B or in an endorsement to delete the arbitration clause from an Owner’s Policy.

Standard Exception Subtopic

ARBX02

STG

03/07/2006
V 4

Deletion of Arbitration from Mortgagee Policy

Section 13 of the Conditions and Stipulations of this Policy is hereby deleted.
Comment: This clause may be inserted in Schedule B or in an endorsement to delete the arbitration clause from a Loan Policy.

Standard Exception Subtopic

ARBX03

STG

03/07/2006
V 4

Deletion of Arbitration from Leasehold Owners Policy

The arbitration clause in Section 16 of the Conditions and Stipulations of the Leasehold Owner's Policy is hereby deleted.
Comment: This clause may be inserted in Schedule B or in an endorsement to delete the arbitration clause from a Leasehold Owner's Policy.

Standard Exception Subtopic

ARBX04

STG

03/07/2006
V 4

Deletion of Arbitration from Leasehold Loan Policy

The arbitration clause in Section 15 of the Conditions and Stipulations of the Loan Policy is hereby deleted.
Comment: This clause may be inserted in Schedule B or in an endorsement to delete the arbitration clause from a Leasehold Loan Policy.

Standard Exception Subtopic

ARBX05

STG

03/07/2006
V 4

Deletion of Arbitration from Construction Loan Policy

The arbitration clause in Section 13 of the Conditions and Stipulations of the Loan Policy is hereby deleted.
Comment: This clause may be inserted in Schedule B or in an endorsement to delete the arbitration clause from a Construction Loan Policy.