Bulletin: OH2020001

Dear Associates:

The Ohio Title Insurance Rating Bureau has approved the following revised Form and revised Rates for use in Ohio, effective March 1, 2020:

The following Form has been revised. Note that there are no substantive revisions; the Form has been reformatted but is otherwise the same.

ALTA U.S. Policy Form 9-28-91 Revised 12-03-12

The following Rates have been revised:

ER-110.1 LOAN POLICY DATE DOWN (OH 110.1) This endorsement extends the effective date of a Loan Policy and insures the Insured as defined in the policy being endorsed against matters arising between the Date of Policy and the date of endorsement, unless otherwise excepted from the endorsement. The rate for this endorsement is as follows: If issued within 2 years of the date of the Original Loan Policy, $100. If issued more than 2 years after the date of the original Loan Policy, fifty cents ($.50) per thousand or any fraction thereof of the Amount of Insurance. Minimum rate is $125.

If issued more than 2 years after the date of the Original Loan Policy and simultaneously with a new Owner’s Policy covering identical land, the rate shall be $100 pursuant to PR-6, and the minimum rate for this endorsement shall not apply. If the Amount of Insurance under the Loan Policy is more than the Amount of Insurance under the new Owner’s Policy, the rate for the endorsement shall be $100 up to the Owner’s Policy Amount, and fifty cents ($.50) per thousand for the amount by which the Loan Policy Amount exceeds the Owner’s Policy Amount.

ER-28 OTIRB OH-28 EASEMENT - DAMAGE OR ENFORCED REMOVAL (ALTA FORM 28) This endorsement to an Owner’s Policy or Loan Policy, subject to its terms and conditions, insures the insured against loss or damage sustained by reason of damage to an existing building located on the Land or enforced removal or alteration of an existing building located on the Land as a result of the exercise of the right of use or maintenance of an easement excepted in Schedule B of the Policy where the encroachment or possible encroachment of the existing building into the easement is known at the time of issuance.

When this endorsement is issued to a Loan Policy in connection with an owner occupied, one-to- four family residence, the rate for this endorsement is $250 for the first easement identified in the endorsement and $100 for each additional easement identified in the endorsement. In all other cases, the rate for this endorsement is $500 for the first easement identified in the endorsement and $250 for each additional easement identified in the endorsement.

ER-28.1 OTIRB OH-28.1 ENCROACHMENTS - BOUNDARIES AND EASEMENTS (ALTA FORM 28.1) This endorsement to an Owner’s Policy or a Loan Policy, subject to its terms and conditions, insures the Insured against loss or damage sustained by reason of an encroachment of any improvement located on the Land onto adjoining land or onto that portion of the Land subject to an easement; and encroachment of any improvement located on adjoining land onto the Land; enforced removal of any improvement located on the Land as a result of an encroachment of the improvement into any portion of the Land subject to an easement; and enforced removal of any improvement located on the Land encroaching onto adjoining land.

When this endorsement is issued to a Loan Policy in connection with an owner occupied, one-to-four family residence, the rate for this endorsement is as follows: (A) If there are no known encroachments, the rate shall be $150. (B) If there are known encroachments and they are not otherwise excepted from coverage, the rate shall be $250 for the first encroachment and $100 for each additional encroachment. In all other cases, the rate for this endorsement is as follows: (A) If there are no known encroachments, the rate shall be $250. (B) If there are known encroachments, and they are not otherwise excepted from coverage, the rate shall be $500 for the first encroachment and $250 for each additional encroachment.

ER-28.2 OTIRB OH-28.2 ENCROACHMENTS - BOUNDARIES AND EASEMENTS - DESCRIBED IMPROVEMENTS (ALTA FORM 28.2) This endorsement to an Owner’s Policy or a Loan Policy, subject to its terms and conditions, insures the Insured against loss or damage sustained by reason of an encroachment of any Improvement, specifically named or identified in the endorsement, located on the Land onto adjoining land or onto that portion of the Land subject to an easement; an encroachment of any Improvement, specifically named or identified in the endorsement, located on adjoining land onto the Land; enforced removal of any Improvement, specifically named or identified in the endorsement, located on the Land as a result of an encroachment of the Improvement into any portion of the Land subject to an easement; and enforced removal of any specifically identified Improvement located on the Land encroaching onto adjoining land.

When this endorsement is issued to a Loan Policy in connection with an owner occupied, one to four-family residence, the rate for this endorsement is as follows: (A) If there are no known encroachments, the rate shall be $150. (B) If there are known encroachments and they are not otherwise excepted from coverage, the rate shall be $250 for the first encroachment and $100 for each additional encroachment. In all other cases, the rate for this endorsement is as follows: (A) If there are no known encroachments, the rate shall be $250. (B) If there are known encroachments, and they are not otherwise excepted from coverage, the rate shall be $500 for the first encroachment and $250 for each additional encroachment.

The Ohio Rate Manual effective March 1, 2020, is attached.

Agents please contact PropertyInfo Customer Care or your title production software vendor to get the new rates/forms changes implemented in your system.

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

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