Bulletin: NL000097

Date:
January 22, 2001
To:
All Issuing Offices
RE:
Revised Over Limits Approval Form

Dear Associates:

Stewart Title Guaranty Company's new improved Request for Approval to issue Over-limits is available through the references section at the end of this bulletin. I think you will find it easier to use than the old, longer form. Each of you have an under-writing limit contained in your underwriting agreement. When you are requested to issue a policy in excess of this limit, you will need to utilize this form. Here are some instructions for use and distribution of the form.

  1. Please fill out the form as completely as possible. If there is not enough room to write your response to the questions, please use an additional blank piece of paper.

  2. Always attach a copy of the commitment or preliminary report to the Request.

  3. the completed form with the attached commitment to the Stewart underwriter that has reviewed your overlimits requests in the past. If time permits, you can mail request. If approval is needed immediately, you should fax or email the request to the appropriate Stewart underwriter. If the amount of the policy to be issued is the underwriting limit of the Stewart underwriter, you will receive a response from that underwriter. If the policy to be issued exceeds the underwriter's limit, the underwriter will forward the request to a senior underwriter for the senior underwriter's approval.

If you have any questions, please contact us at Stewart National Legal Department in Houston.

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.

References

Bulletins Replaced:
None
Related Bulletins:
NL000059 Overlimit Authority and Reinsurance Form
Underwriting Manual:
None
Exceptions Manual:
None
Forms:
None