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.
Bulletin: NJ000048
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Bulletin: NJ000048
Dear Associates:
Effective August 7, 2000, the Department of Banking and Insurance, at the request of the New Jersey Land Title Insurance Rating Bureau, has approved certain technical amendments to the Rate Manual. The amendments are as follows:
A. Section 4.8, Enhanced Coverage Policies and Endorsements: Deletes reference to the availability of an endorsement to convert the Residential Owners Policy (NJRB 1-06).
B. Section 10.29, Enhanced Coverage Endorsements: Deletes reference to the availability of an endorsement to convert the Residential Owners Policy (NJRB 1-06).
C. Construction Loan Endorsement: Adds sentence that claims must be made before the expiration of the coverage period of three years.
Index of Forms, page vii, showing the revision date of the Construction Loan Endorsement.
Copies of the old and new pages with changes/deletions shown either on the new or old form are available through the New Jersey District Office. Please remove the old pages and forms and substitute them with the new pages and forms.
Please make certain that all licensed personnel in your office are familiar with the changes.
References
- Bulletins Replaced:
- None
- Related Bulletins:
- None
- Underwriting Manual:
- None
- Exceptions Manual:
- None
- Forms:
- None