- January 02, 2013
- All Arkansas Issuing Offices
- New Schedule of Charges for use in Arkansas effective February 1, 2013
The purpose of this Bulletin is to inform you that a revised version of our title insurance rates will go into effect February 1, 2013. The new rate schedule is attached for your use. All Stewart Title Guaranty Company policies bearing a policy date of February 1, 2013, and following will need to charge the new rate. These rates are the Stewart risk rate.
As you will note, the new Schedule of Rates shows charges for all endorsements except the 8.1 EPA endorsements. Stewart and our agents divide the premium for these endorsements based on your contractual remittance rate except for the Usury and Zoning endorsements which are considered to be extra hazardous risk which means the full charge is remitted to Stewart Title Guaranty Company.
A new version of our “Rate Calculator” will be made available to you in the near future which will compute these rates and your remittance amount.
Please take some time to familiarize yourself with the new Schedule of Charges.
For questions and assistance regarding this matter please contact our Arkansas office at 1-800-272-2223.
If you have any questions relating to this or other bulletins, please contact a Stewart Title Guaranty Company underwriter.
For on-line viewing of this and other bulletins, please log onto www.vuwriter.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.