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: NY000714
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Bulletin: NY000714
Please be advised that the filed form of TIRSA Non-Imputation Additional Insured – Owner's Policy Only Endorsement (03/08/2024) at pp. 247-248 of the current TIRSA Rate Manual, inadvertently lost a provision from the prior version. The Endorsement is missing a provision/signature block by which the named Insured in Schedule A expressly acknowledges the Endorsement in compliance with Section 18 of the Rate Manual, and align with the terms of the Endorsement itself, to wit “By execution below, the Insured named in Schedule A acknowledges. . . ”
Accordingly, until the form is revised in the Rate Manual, please insert the following at the foot of the Endorsement prior to issuance:
AGREED AND CONSENTED TO: ____________________________
A link to the revised Stewart form of the Endorsement can be found below for your immediate use.
If you have any questions regarding the above, please get in touch with the Stewart Title Legal Department at 212-922-0050 and speak with any Underwriting Counsel.
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References
- Bulletins Replaced:
- None
- Related Bulletins:
- Underwriting Manual:
- None
- Exceptions Manual:
- None
- Forms:
- None