Bulletin: LA2010006

Dear Associates:

The Louisiana Department of Insurance has approved the following changes to the LATISSO Form and Rate filing for the policies referenced below. These Form and Rate changes are effective August 1, 2010, and are as follows:

ALTA Homeowner's Policy-LA Revised 08/01/10

The ALTA revised the Homeowner's Policy on 02/03/10. LATISSO made further revision as of 08/01/10. This revision replaces the prior version and includes the following changes:

• Expansion of the Continuation of Coverage provision
  
• Inclusion of a creditors' rights exclusion that is consistent with the Covered Risks
  
• Notation added to Paragraph 11 of the Conditions that Arbitration is not valid in the State of Louisiana

Rate has not changed and remains at 110% of the Original Rate for Owner's Policy

The Homeowner's Policy-LA can only be issued in connection with one-to-four family residential improved property or an individual condominium unit. Please refer to Stewart's LA Rate and Form Manual for the complete guideline on issuance of the ALTA Homeowner's Policy-LA Revised 08/01/10.

ALTA Expanded Coverage Residential Loan Policy-LA Revised 08/01/10

The ALTA revised the Expanded Coverage Residential Loan Policy 02/03/10. LATISSO made further revision as of 08/01/10. This revision replaces the prior version and includes the following changes:

• Inclusion of a creditors' rights exclusion that is consistent with the Covered Risks
  
• Notation added to Paragraph 13 of the Conditions that Arbitration is not valid in the State of Louisiana
  
• Amendment to the language immediately following Covered Risk 28 relating to the incorporation of several endorsements. The revised language now reads:
  
  Upon payment of the appropriate premium, the following American Land Title Association endorsements are incorporated in this policy if checked in Schedule A:
  
  (a) ALTA Form 4-06 (Condominium),
  (b) ALTA 4.1-06 (Condominium)
  (c) ALTA 5-06 (Planned Unit Development);
  (d) ALTA Form 5.1-06 (Planned Unit Development);
  (e) ALTA Form 6-06 (Variable Rate Mortgage);
  (f) ALTA Form 6.2-06 (Variable Rate Mortgage - Negative Amortization); and
  (g) ALTA Form 8.1-06 (Environmental Protection Lien) subject to LSA-.S.30:2281
  (h) ALTA Form 9.3-06 (Restrictions, Encroachments, Minerals).
  
• Amendment to Schedule A to include a "checkbox" style listing of the above endorsements which shall be used to indicate which, if any, of these endorsements payment of premium has been made for and, accordingly, incorporated into the policy.

Rate has changed and shall be calculated at 100% of the Original Rate for Loan Policy plus the premium for any endorsement(s) added separately or incorporated in the policy at the rate applicable for such endorsement(s).

The Expanded Coverage Residential Loan Policy-LA Policy can only be issued in connection with one-to-four family residential improved property or an individual condominium unit. Please refer to Stewart's LA Rate and Form Manual for the complete guideline on issuance of the ALTA Expanded Coverage Residential Loan Policy-LA Revised 08/01/10.

ALTA Short Form Expanded Coverage Residential Loan Policy-LA Revised 08/01/10

The ALTA revised the Short Form Expanded Coverage Residential Loan Policy 01/01/08. LATISSO made further revision as of 08/01/10. This revision replaces the prior version and includes the following changes:

• Amendment to the language at the top of the Schedule B page to refer to incorporate the terms, exclusions and conditions set forth in the American Land Title Association Expanded coverage Residential Loan Policy (02/03/10-LA). Refer to information above as to changes to that particular policy form.
  
  
• Amendment to Schedule A to include a "checkbox" style listing of the endorsements which shall be used to indicate which, if any, of these endorsements payment of premium has been made for and, accordingly, incorporated into the policy.
  
  Subject to the conditions stated in the endorsements listed below and the payment of the appropriate premium, the following ALTA endorsements are incorporated in this policy if checked:
  
  (a) ALTA Form 4-06 (Condominium),
  (b) ALTA 4.1-06 (Condominium)
  (c) ALTA 5-06 (Planned Unit Development);
  (d) ALTA Form 5.1-06 (Planned Unit Development);
  (e) ALTA Form 6-06 (Variable Rate Mortgage);
  (f) ALTA Form 6.2-06 (Variable Rate Mortgage - Negative Amortization); and
  (g) ALTA Form 8.1-06 (Environmental Protection Lien) subject to LSA-.S.30:2281
  (h) ALTA Form 9.3-06 (Restrictions, Encroachments, Minerals).

Rate has changed and shall be calculated at 100% of the Original Rate for Loan Policy plus the premium for any endorsement(s) added separately or incorporated in the policy at the rate applicable for such endorsement(s).

The Short Form Expanded Coverage Residential Loan Policy-LA Policy can only be issued in connection with one-to-four family residential improved property or an individual condominium unit. Please refer to Stewart's LA Rate and Form Manual for the complete guideline on issuance of the ALTA Short Form Expanded Coverage Residential Loan Policy-LA Revised 08/01/10.

The Louisiana Rate and Form Manual has been updated to reflect the change in the Form for these endorsements. Please go to www.stgla.com for the updated manual and the revised forms in electronic format.

If you have questions relating to this bulletin, please contact Louisiana Underwriting Personnel at (800) 209-4675 or Stewart Legal Services.

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