- August 13, 2013
- All Oregon Issuing Offices
- RATES AND/OR FORMS UPDATE - New OTIRO Rating Manual - Effective June 11, 2013
This Bulletin is sent to advise you of the most updated version of the OTIRO Rating Manual, which became effective June 11, 2013, for all Oregon title insurance agents. Relevant changes were made to Chapter 10: Endorsements, as well as multiple endorsement forms. These changes are identified in the Schedule of Changes as follows:
Revised Table of Contents; revised Schedule Four - Schedule of Endorsements; elimination of sections 10.103, 10.104, 10.105, 10.106 and 10.107; new sections 10.234, 10.235 and 10.236; revisions to sections 10.203, 10.209, 10.213, 10.220 and 10.228; new endorsements 203.2-06, 209-06, 209.1-06, 209.2-06, 209.6-06, 209.7-06, 209.8-06, 228.1-06, 234-06, 235-06, 235.1-06, 235.2-06, 235.3-06, 236-06, 236.1-06, 236.2-06, 236.3-06, 236.4-06, 236.5-06 and 236.6-06; revisions to endorsement forms 209.3-06, 213-06, 213.1-06 and 220-06; withdrawal of endorsement forms 103, 104, 105, 106, 107, 209.4-06 and 209.5-06
Withdrawn Endorsements Forms: 103,104,105,106,107,209.4-06 and 209.5-06
Revised Endorsement Forms: 209.3-06,213-06,213.1-06 and 220-06
New Endorsement Forms: 203.2-06,209-06, 209.2-06,209.6-06,209.7-06,209.8-06,228.1-06,234-06,235-06,235.1-06,235.2-06,235.3-06,236-06,236.1-06,236.2-06,236.3-06,236.4-06,236.5-06 and 236.6-06
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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.