Bulletin: MA2015002

Dear Associates:

We frequently receive inquiries regarding insuring entities which are not “Natural Persons” (e.g., limited liability companies, closely held corporations or partnership entities) for purchasers of 1-4 residential family properties under Enhanced Policies. Currently, there is a limitation under the Enhanced Policy which limits coverage to a “Natural Person” which is defined as “a human being, not a commercial or legal organization or entity. Natural Person includes a trustee of a Trust even if the trustee is not a human being.” The attached Deletion of Natural Person Limitation Endorsement may be used when a purchaser of 1-4 family residential property desires to take title in the form of a closely held corporation, limited liability company or partnership entity for estate planning purposes and the Insured named in Schedule A of the Policy will be such entity.   

If you have any questions relating to this or other bulletins, please contact a Stewart Title Guaranty Company underwriter.

For on-line viewing of this and other bulletins, please log onto www.vuwriter.com.