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: MU2025002
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Bulletin: MU2025002
Dear Associates:
The American Land Title Association (ALTA) recently adopted a new/revised endorsement, effective April 2, 2025.
The form is available on Virtual Underwriter in the ALTA Forms List. Per ALTA, the endorsement provides the following coverages and/or includes the following revisions:
NEW/REVISED ALTA ENDORSEMENT
ALTA 28 Endorsement - Damage or Enforced Removal: This endorsement has been revised and updated from the existing 28-06 version. This new version of the endorsement continues to provide coverage for damage to, or forced removal or alteration of, existing buildings caused by the exercise of, use, or maintenance rights associated with specific easements. This revision adds an exclusion to make clear that certain casualty risks do not fall within the scope of coverage of this endorsement.
If requested by the customer, the new/revised ALTA form is immediately available for use in Illinois, Iowa, Massachusetts, Mississippi, and Oklahoma. In states where form and/or rate filings are required, we will distribute subsequent state-specific bulletins as the form becomes available.
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 your state should be used, unless approved by a Stewart Title Guaranty Company underwriter.
This form has been provided to third-party title production system (TPS) vendors. Please contact your TPS vendor or account services representative to have the new/revised form 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.
References
- Bulletins Replaced:
- None
- Related Bulletins:
- None
- Underwriting Manual:
- None
- Exceptions Manual:
- None
- Forms:
- None