- March 23, 1993
- All Florida Stewart Offices and Agents
- Coming Forward from Prior Policies
You have recently received a bulletin from Jim Kletke entitled "Use of Starter Files" in which Jim establishes certain rules with regard to coming forward from a prior policy with different rules as to whether or not we come forward from a Stewart prior policy or from a policy from another underwriter.
The purpose of this bulletin is to restate the substance of a bulletin dated February 6, 1991, from Harold E. Hickman. That bulletin requires, in addition to everything stated in Jim Kletke's recent bulletin, that in any risk exceeding $250,000.00 a full search be done and that a prior policy be used only for information purposed no matter what the source.
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.