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Bulletin: WY2016004

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Bulletin: WY2016004

Bulletin Document
V 1
Date: December 13, 2016
To: All Wyoming Issuing Offices
RE: RATES AND/OR FORMS UPDATE - RATE MANUAL UPDATE

Dear Associates:

The Wyoming Insurance Department approved the following forms, endorsements and rate manual for use in Wyoming, effective December 8, 2016.

Policies:

ALTA Expanded Coverage Residential Loan Policy - Assessments Priority

ALTA Expanded Coverage Residential Loan Policy - Current Assessments

ALTA Short Form Expanded Coverage Residential Loan Policy - Assessments Priority

ALTA Short Form Expanded Coverage Residential Loan Policy - Current Assessments

Endorsements:

The following endorsements were added:

ALTA 9.6.1 Private Rights - Current Assessments - Loan Policy

ALTA 18.2 Multiple Tax Parcel

ALTA 19.2 Contiguity - Specified Parcels

ALTA 28.2 Encroachments - Boundaries and Easements – Described Improvements

ALTA 28.3 Encroachments - Boundaries and Easements – Described Improvements and Land Under Development

ALTA 29 Interest Rate Swap Endorsement - Direct Obligation

ALTA 36.7 Energy Project - Fee Estate - Owner’s Policy

ALTA 36.8 Energy Project - Fee Estate - Loan Policy

ALTA 40 Tax Credit - Owner’s Policy

ALTA 40.1 Tax credit - Defined Amount - Owner’s Policy

ALTA 45 Pari Passu Mortgage - Loan Policy

ALTA 46 Option

JR 1 Endorsement

JR2 (Future Advance) Endorsement

As a reminder, other forms should not be used if a comparable ALTA version is available. If a comparable ALTA version is available, the most current version of the ALTA form available in each state should be used, unless approved by a Stewart underwriter.

Agents please contact PropertyInfo Customer Care or your title production software vendor to get the new rates/forms changes implemented in your system.

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