Bulletin: TX2019002

Date:
April 25, 2019
To:
All Texas Issuing Offices
RE:
RATES AND/OR FORMS UPDATE - Notice - Policy Guaranty Fee Remittance Form and Reinstated Beginning 05/01/2019

Dear Associates:

According to the Title Insurance Guaranty Association website, TTIGA unanimously voted to reinstate the Guaranty Fee effective May 1, 2019. The Association gives notice to all Texas title agents to collect a Guaranty Fee Charge (the “GF”) on each owner and lender title insurance policy issued in the state, beginning with closings on or after May 1, 2019.  

The amount of the GF has been set at Two Dollars and no/100 Dollars ($2.00) per policy.

All GFs must be collected at closing and remitted to the Association on a quarterly basis, with the first GF remittance due on August 1, 2019. The GF fee should be remitted to the Association using the Guaranty Fee Remittance Form (T-G1) http://ttiga.org/news.html.

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:
TX2017010 RATES AND/OR FORMS UPDATE - Notice - Revised Policy Guaranty Fee Remittance Form and Rate Increase
 
TX2018009 RATES AND/OR FORMS UPDATE - Notice - Policy Guaranty Fee Remittance Form and Rate Suspended Beginning 01/01/2019
Related Bulletins:
None
Underwriting Manual:
None
Exceptions Manual:
None
Forms:
T-1 TX Owner's Policy of Title Insurance
 
T-1R TX Residential Owner Policy
 
T-2 TX Loan Policy
 
T-2R TX Short Form Residential Loan Policy of Title Insurance and Addendum