Virtual Underwriter

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Bulletin: NJ000042

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Bulletin: NJ000042

Bulletin Document
V 1
Date: March 22, 1999
To: All New Jersey Issuing Offices
RE: Zoning Endorsement Forms; NJRB Form Nos. 5-44 and 5-45

Dear Associates:

The ALTA 3 and ALTA 3.1 (Zoning and Zoning - Completed Structure) Endorsements have been revised effective April 12, 1999. The revisions add coverage to include meeting zoning requirements for parking.

This issuance of this endorsement is considered an extra hazardous risk. All previous underwriting guidelines are still applicable and permission to issue these endorsements must be obtained from the State Office or a senior underwriter.

Please replace page 112 of your Manual of Forms with the ALTA 3 revised form and replace page 113 of the Manual with the ALTA 3.1, both of which are available through the references section at the end of this bulletin.

Also replace pages 35 and 36 of your Rate Manual (copies of these attachements may be obtained from the New Jersey District office).

NOTE: These pages also include information regarding the revised endorsements as set forth in Underwriting Bulletin No. NJ000041.

If you have any questions, please contact the New Jersey District office.

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