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.
Bulletin: CO2023001
Bulletins by State or Territory
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Bulletin: CO2023001
V
4
Date: February 13, 2023
To:
All Colorado Issuing Offices
RE:
RATES AND/OR FORMS UPDATE - Colorado Rate Filing Approved - Effective February 13, 2023
Dear Associates:
The Colorado Division of Insurance has approved Stewart’s latest rate submission and the new rates are effective February 13, 2023.
A copy of the Revised Colorado Manual of Charges and Forms for Title Insurance is available here.
Please contact PropertyInfo Customer Care or your title production software vendor as soon as possible to have the new rate changes implemented in your systems.
A summary of the changes to the Rate Manual is outlined below.
SUMMARY OF CHANGES TO STEWART TITLE GUARANTY COMPANY
COLORADO RATE MANUAL
- Changes in Counties listed in Areas E, G, M, O, and V (Table of Contents)
- Increased Basic Charges for all areas EXCEPT Areas H, M, N and S
- Increase in Residential Resale Bundled Loan Charges (Page 67)
- Junior Loan Charges – modified rate schedule to allow for policies above $250,000 (Page 69)
- Home Equity Limited Liability Policy (HEP Policy) – added tier for $300,001 to $500,000 (Page 70)
- Added Section B-15 Short Sales – no discount rates apply (Page 77)
- Added clarifying language to rounding rules (now rounded up to nearest whole dollar)
- Section C-4, Double Sale/Hold Open – charge for holding open an additional 1 year changed from $50 to $100 (Page 79)
- Section F- Subdivider/Builder -- Note (2) El Paso County only excluded from County Minimum rate under F-3 (Page 83)
- Endorsement Section – Added Newer ALTA Endorsements, language corrections, added charge for Endorsement Colo 130 of $65
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.
References
- Bulletins Replaced:
- None
- Related Bulletins:
- None
- Underwriting Manual:
- None
- Exceptions Manual:
- None
- Forms:
- None