Bulletin: LA2014008

Date:
July 18, 2014
To:
All Louisiana Issuing Offices
RE:
RATES AND/OR FORMS UPDATE - ALTA Homeowner Policy 12/02/13 - LA (08/04/14) Jacket Form 3160, ALTA Homeowner Policy 12/02/13 - LA (08/04/14) Schedule A and B Form 3160A and 3160B Form Filing Change

Dear Associates:

The Louisiana Department of Insurance has approved a Form Filing made by LATISSO effective August 4, 2014 for the policy referenced below.

ALTA Homeowner Policy 12/02/13 - LA (08/04/14) Form 3160 (a/k/a “expanded owner”)

and

ALTA Homeowner Policy 12/02/13 - LA Schedule A and B (08/04/14) Form 3160A and
Form 3160B

LATISSO has made the revisions to the ALTA Homeowner Policy 12/02/13 and its accompanying Schedule A and Schedule B. These revisions have been filed with and approved by the Department of Insurance to become effective for issuance as of August 4, 2014.

Please begin using the ALTA Homeowner Policy 12/02/13 - LA (08/04/14) which has the O-3160 prefix in connection with closings that take place on or after 08/04/14. It replaces the O-3120 policy jacket. This updated ALTA Homeowner Policy 12/02/13 - LA (08/04/14) will be available in your system on August 4, 2014 and will have the policy prefix of O-3160.  

The accompanying Schedule A (Form 3160A) and Schedule B (Form 3160B) have also been revised and are posted to www.stewart.com/louisiana in the Forms and Policy Info section in word format if needed. They replace prior versions of the schedules for this policy type.

Please contact your software support team for assistance with set up.

Rate has not changed and remains at 110% of the Original Rate for Owner Policy.

Questions relating to this bulletin may be directed to Louisiana Underwriting Personnel at (800) 209-4675 or Stewart Legal Services.

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.

References

Bulletins Replaced:
None
Related Bulletins:
None
Underwriting Manual:
None
Exceptions Manual:
None
Forms:
None