Bulletin: WI2019002

Date:
July 03, 2019
To:
All Wisconsin Issuing Offices
RE:
RATES AND/OR FORMS UPDATE - Wisconsin Rate Manual Revised Schedule of Charges and Arbitration Endorsement

Dear Associates:

In follow-up to Bulletin: WI2019001; a revised Schedule of Charges for Title Insurance in the State of Wisconsin was filed to delete any charges associated with endorsements issued to delete the Arbitration provisions for either an Owner’s or Loan Policy.  

Wisconsin Rate Manual (Click to View)

The remainder of the filed Schedule of Charges for Use in the State of Wisconsin remains unchanged.

Also, the Office of the Commissioner of Insurance for Wisconsin has approved the following endorsement form, effective July 9, 2019.

Standard Arbitration Endorsement. This endorsement form can be used to delete any provisions in the Conditions of an Owner’s or Loan policy referring to Arbitration.  

NOTE: Agents please contact PropertyInfo Customer Care or your title production software vendor to get the new form and rate changes implemented in your system.

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:
WI2019001 RATES AND/OR FORMS UPDATE - DELETION OF ARBITRATION PROVISIONS IN ALTA OWNER’S POLICIES
Underwriting Manual:
None
Exceptions Manual:
None
Forms:
Standard Arbitration Endorsement