Bulletin: VA2020004

Date:
October 12, 2020
To:
All Virginia Issuing Offices
RE:
RATES AND/OR FORMS UPDATE - New Virginia Rate Manual [Revised 10-20-20]

Dear Associates:

Please note there is a newly revised Virginia Rate Manual and Schedule of Charges. The effective date for the manual is November 1, 2020.

There are three (3) changes to be aware of:

  1. The CPL premium is now $35.00, and for CPL’s over $10,000,000, the CPL premium is now $50.00.
  2. Policy minimums have been set at: $250.00 for standard policies and $300.00 for enhanced policies.
  3. Several of the bracketed rates have changed.

Note: Agents please contact your title production software vendor to get the new rate changes implemented into your system.

Virginia Rate Manual (Click to View)

Schedule of Charges (Click to View)

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