Bulletin: SD2023002

Dear Associates:

Effective October 2, 2023, an updated rate manual has been approved for use by the South Dakota Department of Insurance. Attached is the new manual as well as a red lined version that shows the changes made.

The rate changes are as follows: 

1. “Zoned” rates have been created for all counties except Minnehaha, Lincoln, and Yankton.
2. The “all other county rates” zone will use the new $100.00 minimum charge, up $50.00 from the previous minimum.
3. In Section 5(c) Simultaneous Issue, the charge will increase from $25.00 to $50.00 for the “all other county rates” zone instead of increasing to $75.00. Only Minnehaha, Lincoln and Yankton counties will charge $75.00.
4. Language has been added to clarify the minimum Reissue Rate of $100.00.
5. Similarly, language has been added to clarify the minimum for the Expanded Loan Rate ($110.00).
6. A section has been added for the ALTA Limited Pre-Foreclosure Policy. The charge shall be the same as for a Loan Policy based on the stated amount of the mortgage.
7. The language describing the CLTA 104.6/104.7 charge has been revised in order to clarify the difference between residential and commercial pricing. This is only a change in the language not the rate.   

Please remember to contact PropertyInfo Customer Care or your software provider to get the new changes into your system.

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.