Bulletin: NY000197

Dear Associates:

This bulletin is being issued to remind you of the procedure to be followed for transactions where the Amount of Insurance requested exceeds Stewart Title Insurance Company's ("STIC") self-imposed retention limit of $13,000,000.00.

1. A Reinsurance Questionnaire must be completed and submitted to STIC's Reinsurance Department as far in advance of closing as practical so that the risk can be evaluated, the necessary internal approvals can be obtained, and the reinsurance can be placed in a timely fashion. Reinsurance Questionnaires should be forwarded to the attention of STIC's Reinsurance Assistant, Anne Minichino, at the address set forth above.

2. As soon after the transaction closes as possible, copies of the policies must be sent to STIC's Reinsurance Department so that the reinsurance agreements can be prepared and the agreements and policy copies can be forwarded to the reinsurers in a timely fashion.

3. If the Amount of Insurance requested exceeds your office's underwriting authorization limit, a Policy Approval Form must be submitted to Company Counsel and signed off on prior to closing. If you have any questions concerning your office's underwriting authorization limit, please contact your Agency Representative or Company Counsel. Policy Approval Forms should be forwarded to the attention of Margaret T. Ling, Esq. at the address set forth above.

It is the responsibility of the issuing agent or branch office to forward copies of all policies issued in connection with any reinsurance transaction to the STIC Reinsurance Department to the attention of Anne Minichino as soon after closing as possible. This is a matter of critical importance and is a necessary prerequisite to the timely preparation of reinsurance agreements. Since the Reinsurance Department has no other method of obtaining this information, it is imperative that we have your cooperation in this regard.

PLEASE NOTE this request for policy copies is in addition to the copy that must accompany the monthly remittance

The procedure outlined above is also to be followed in cases where the Amount of Insurance requested is less than $13,000,000 but the customer nevertheless requests reinsurance.

Thank you for your anticipated cooperation. If you have any questions, please do not hesitate to contact me.