Virtual Underwriter

© 2020 Stewart Title Company

Bulletin: NL000022

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Bulletin: NL000022

Bulletin Document
V 3
Date: April 06, 1993
To: All Issuing Offices
RE: Insuring Around

Dear Associates:

"Insuring around" is the issuance of a title binder or policy showing no outstanding enforceable liens while the title company knows that a lien is outstanding. "Insuring around" also occurs if we issue a title binder or policy showing a first lien when it is a second lien. Some states forbid insuring around unless we have adequate funds.

Company Policy: We do not insure around liens without Stewart underwriter approval.

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