Bulletin: CN000001

Dear Associates:

Before obtaining reinsurance, your office must first obtain the standard overlimits approval from Stewart Title Guaranty Company to issue a large commitment and/or title guaranty or policy as required by your agency, retainer, or underwriting agreement with Stewart Title Guaranty Company.

Stewart Reinsurance Retention

If our risk exceeds $10 million, you must obtain reinsurance. Please contact Stewart Title Guaranty Company's Reinsurance Department to obtain reinsurance over $10 million.

Forms subject to reinsurance include the following:

Any title guaranty or policy over $10 million

Endorsements if the title guaranty or policy exceeds $10 million

Multiple title guaranty or policies on different estates that total over $10 million

Multiple loan title guaranty or policies that total over $10 million

If you issue an endorsement to a prior title guaranty or policy that was reinsured or that was over $10 million, you must get reinsurance.

Examples include disbursement endorsements, modification endorsements, and downdate endorsements.

When to Get Reinsurance

You must call the reinsurance or national legal department before you issue. If you issue a commitment before we get reinsurance, except to reinsurance approval (see Exhibit 1).

How to Get Reinsurance

Call Leslee Sisk at 1 (800) 729-1902, ext. 8227. You must submit a completed overlimit approval form and a completed reinsurance questionnaire. These forms are available from Stewart Title Guaranty Company Forms and Information Department (1 (800) 729-1901).

Overview

Please see our underwriting criteria if you want more information on our reinsurance guidelines.

Note: A copy of every title guaranty or policy issued by Stewart which exceeds $10 million must be sent to the reinsurance department along with a copy of the executed overlimit authority form and the reinsurance questionnaire.