- April 19, 2001
- All Issuing Offices in Florida
- Owner's Form 9 Approved for Use in Florida
The Department of Insurance has announced its approval of the Form 9 Endorsement for use with Owner's Policies issued in Florida. This coverage was previously not available. The owners Form 9 comes in two versions; ALTA Form 9.1 which provides for coverage regarding restrictions, encroachments and minerals on unimproved land; and, ALTA Form 9.2, which provides for coverage regarding restrictions, encroachments and minerals on improved land.
It is important to note that this is new coverage. It carries a similar endorsement number to the Form 9 previously available on Mortgage policies. It does not provide identical coverage nor is the coverage provided to the same party. It is not treated as a simultaneous issue for purposes of establishing a premium. It is charged independently but may be charged in the same fashion as the lenders Form 9, that is, you may charge ten percent of the amount of the combined premium of the Owner's and Lender's Policy.
You may order copies from the Forms Department in Houston or for purposes of simply examining a sample you may access the form via the references section at the end of this bulletin. Or you may call or fax our office and we will send a single sample copy by return Fax, or E-mail if you supply us with your E-mail address.
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.
- Bulletins Replaced:
- Related Bulletins:
- Underwriting Manual:
- Exceptions Manual: