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.
Bulletin: TX2023007
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Bulletin: TX2023007
Dear Associates:
The Commissioner of Insurance recently issued two bulletins of relevance to title insurance companies operating in Texas.
The first is Bulletin # B-0009-23 addressed to all TDI regulated entities and individuals. It updates contact information related to the prior bulletin # B-0022-16, which provides that a Domestic or Commercially-Domiciled Insurance Company should contact its assigned financial analyst at TDI if the insurer experiences or discovers an unauthorized acquisition, release, or use of personal information or sensitive company information.
The second is Bulletin # B-0010-23 addressed to title insurance agents and direct operations in Texas. It relates to HB 1901 discussed in STGC Bulletin TX2023005. The bill allows title agents and direct operations the option to file annual escrow audit reports electronically instead of by certified mail, effective September 1, 2023.
The bulletin provides that the audit reports can be submitted via email to TitleExaminations@tdi.texas.gov.
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.
References
- Bulletins Replaced:
- None
- Related Bulletins:
- Underwriting Manual:
- None
- Exceptions Manual:
- None
- Forms:
- None