Bulletin: NY000469

Date:
February 07, 2011
To:
All New York State Office Counsel, Managers and Agents
RE:
Washington Title Insurance Company

Washington Title Insurance Company, located at 31 Stewart Street, Floral Park, NY 11001 has announced that they will be relinquishing it license to issue title insurance policies in the State of New York, within the next few months.

Effective immediately, and until further notice, all Stewart Title Insurance Company offices and policy issuing Agencies may not accept any letter of indemnity, escrow benefit letter or prior policy from Washington Title Insurance Company under the Mutual Indemnity Agreement, as clearance for title objections.

For online viewing of this and other bulletins, log onto: www.stewartnewyork.com.

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:
None
Underwriting Manual:
None
Exceptions Manual:
None
Forms:
None