CESP CAEP Tpic/Issue TYPES OF RULES Rate Rules Sectin III f Basic Manual Prcedural Rules Sectin IV f Basic Manual Interpretatin and Enfrcement f Rules Texas Department f Insurance Bulletins Appendix f Basic Manual Quality Assurance Reviews by Underwriters Rules and Bulletins Relating t Insurance Cverage and Issuance f Owner s & Lan Plicies Bulletin 152 Date f Plicy Instructin t nt issue prir t recrdatin f the instrument creating the estate r interest t be insured Instructin t nt issue prir t payment f full cnsideratin ( funding ) Amunt f Cverage (Liability Amunt) P-66 A Owner s Plicy P-66 B Lan Plicy R-27 Premium fr Texas Residential Limited Cverage Junir Mrtgagee Plicy Named Insured P-7 Lan Plicy r Cmmitment fr Lan Plicy P-63 Qualified intermediary under Internal Revenue Cde 1031 takes title n behalf f the ultimate wners Estate r Interest P-66 A Owner s Plicy fee simple, leasehld, easement Bulletin 138 Prhibitin against insuring future estates P-2 Amendment f Exceptin t Areas and Bundaries R-16 Premium fr amendment f Exceptin t Areas and Bundaries P-4 Restrictive Cvenants Exceptin P-20 Exceptin t Taxes and Amendment f Standard Exceptin R-19 Premium fr amendment t delete exceptin t rllback taxes R-24 Premium fr amendment t add nt yet due language P-3 Exceptin t RIGHTS OF PARTIES IN POSSESSION P-5 Special Exceptins [ shall nt be general in nature ] Page 1 f 6 Last revised 01/29/10
CESP CAEP Tpic/Issue P-5.1 General exceptins allwed in regard t mineral interests P-64 Subrdinate Liens and Liens (deletin f standard exceptin) P-39 Express Insurance P-8 Issuing Plicies Prir t Cmpletin f Imprvements P-19 Pending Disbursement clause fr Lan Plicy P-36 Arbitratin Prvisins P-37 Lack f Right f Access P-6 C-Insurance P-11 Insuring Arund P-13 Truth-in-Lending P-6b Calculatin f premium fr aggregate amunt f $15,000,000 r mre P-38 Residential Owner s Plicy f Title Insurance - One t Fur Family Residence (T-1R) P-51 Texas Shrt Frm Residential Lan Plicy (T-2R) P-43 Limited Pre-Freclsure Plicy (T-98) R-26 Premium fr Limited Pre-Freclsure Plicy P-61 Timely Prvisin f Title Plicies P-65 Issuance f Owner s Plicy r Rejectin Rules Relating t Insurance Cverage and Issuance f Endrsements P-9 Endrsement f Owner s r Lan Plicies P-9a.1 Owner s Plicy n Leasehld endrsement must be attached (T-4, T-4R) P-9a.2 Owner s Plicy - Increased Value (T-34) P-9a.3 Dwn date t jumb wner s plicy during cnstructin (T-3, Instructin VIII) P-9a.4 Owner s Plicy Supplemental Cverage MHU (T-31.1) P-9b.1 A/L t gvernmental entities n residential prperty (T-3, Instructin III) P-9b.2 A/L t thers n nn-residential prperty (T-3, Instructin III) P-9b.3 Mdificatin, partial release, release f persnal liability, etc. (T-38) P-9b.4 Dwn Date t Lan Plicy during cnstructin (T-3, Instructin V) P-9b.5 Lan Plicy n Leasehld endrsement must be attached (T-5) P-9b.6 Variable Rate Mrtgage Lan and Variable Rate Mrtgage Page 2 f 6 Last revised 01/29/10
CESP CAEP Tpic/Issue Lan, Negative Amrtizatin (T-33, T-33.1) P-9b.7 Manufactured Husing and Supplemental Cverage (T-31, T- 31.1) P-9b.8 Future Advance/Revlving Credit (T-35) P-9b.9 Envirnmental Lien (T-36) P-9b.10 Balln Mrtgage (T-39) P-9b.11 First Lss (T-14) P-9b.13 Mrtgage Plicy Aggregatin (T-16) P-9b.14 Planned Unit Develpment PUD (T-17) P-9b.15 Cndminium (T-28) R-11 Premiums fr endrsements t lan plicies (frm P-9) R-15 Premiums fr endrsements t wner s plicies (frm P-9) P-16 Extensin f Interim Cnstructin Binder (T-3, Instructin I) R-13 Premium fr extensin f Interim Cnstructin Binder P-43 Limited Pre-Freclsure Dwndate Endrsement (T-99) R-26 Premium fr Limited Pre-Freclsure Limited Dwndate Endrsement P-44 Hme Equity Lan Mrtgage Endrsement (T-42) R-28 Premium fr Equity Lan Mrtgage Endrsement P-47 Hme Equity Lan Mrtgage Endrsement (T-42.1) R-28 Premium fr Supplemental Cverage Equity Lan Mrtgage Endrsement P-46 Texas Limited Cverage Junir Lan Plicy Dwn Date Endrsement (T-45) and Texas Limited Cverage Junir Mrtgagee Plicy Variable Rate Endrsement (T-46) and Texas Limited Cverage Junir Mrtgagee Plicy Additinal Cverage Endrsement (T-44) R-27 Texas Residential Limited Cverage Junir Lan Plicy endrsements P-45 Reverse Mrtgage Endrsement (T-45) P-50 Restrictins, Encrachments, Minerals Endrsement (T-19) (T-19.1) R-29 Premium fr Restrictins, Encrachments, Minerals Endrsements P-50.1 Minerals and Surface Damage Endrsement (T-19.2) (T-19.3) R-29.1 Premium fr Minerals and Surface Damage Endrsements P-54 Access Endrsement (T-23) R-30 Premium fr Access Endrsement P-55 Nn-Imputatin Endrsement and Nn-Imputatin Endrsement Page 3 f 6 Last revised 01/29/10
CESP CAEP Tpic/Issue (Mezzanine Financing) (T-24 and T-24.1) R-31 Premium fr Nn-Imputatin Endrsements P-56 Cntiguity Endrsement (T-25, T-25.1) R-32 Premium fr Cntiguity Endrsement (T-25) P-57 Additinal Insured Endrsement (T-26) R-33 Premium fr Additinal Insured Endrsement P-17 Electrnically Prduced Endrsement Frms Rules and Bulletins Relating t Insurance Cverage and Issuance f Other Insuring Frms P-52 Delivery f Pr Frma Plicies and Prmulgated Frms P-18 Cmmitment fr Title Insurance (T-7) P-21 Cntents f Schedule D t Cmmitment fr Title Insurance P-14 Owner s Title Plicy Cmmitment t the Texas Department f Transprtatin (T-20) R-23 Cmmitment Fee P-15 Cmmitment - FDIC, OTS, RTC R-25 Premium fr Cmmitment fr Title Insurance t the Federal Depsit Insurance Crpratin, Reslutin Trust Crpratin, Office f Thrift Supervisin P-16 Lan Title Plicy Binder n Interim Cnstructin Lan (T-13) R-13 Premium fr Binder n Interim Cnstructin Lan Bulletin 136 Prhibitin against issuing n develpment lans P-33 Plicy f Title Insurance (USA) (T-11) Prcedural Rules Relating t Underwriter Activities P-10 Facultative Reinsurance P-11.c. Texas Master Indemnity Agreement (T-29) P-31 Authrized Executin f a Directly Issued Plicy (Hme Office Issue) P-58 Reprt n Directly Issued Plicy P-69 Issuance f Insured Clsing Letters P-68 Cnsumer Ntice (must be included with plicies) Rules and Bulletins Affecting the Operatin f Title Agents and Underwriters P-12 Abstract Plants Bulletin 145 Definitin f jint plant P-62 Licensing and Lcatin f Title Agents and Direct Operatins Page 4 f 6 Last revised 01/29/10
CESP CAEP Tpic/Issue P-22 Payment f a Fee fr Examinatin and/r Clsing P-23 Divisin f Premiums between Title Insurance Agents and Underwriters R-2 Rebates and Discunts Date by which premium must be remitted t underwriter P-24 Payment fr Services Rendered P-70 Cancellatin Fees; Fees fr Services Rendered P-25 Reasnable Time fr Furnishing Title Evidence P-26 Cpies f Plicies Prvided t Agents P-28 General Requirements fr Cntinuing Educatin Bulletin 161 Applicatin f requirements t parties with n active invlvement P-30 Guaranty Assessment Recupment Charge P-32 Dcument Retentin P-53 Rebates and Discunts Prhibited Rules and Bulletins Relating t Clsing and Settlement P-27 Disbursement frm Trust Fund Accunts [Gd Funds] P-35 Prhibitin Against Guaranties, Affirmatins, Indemnificatins, Certificatins Bulletin 155 FHA Certificatins and Initial Escrw Accunt Statements R-2 Rebates and Discunts Prhibitin against issuing r delivering any insuring frm prir t cllecting full premium Must issue plicy(ies) if premium(s) cllected Requirements fr allwing premium t pass thrugh t issuance f plicy in subsequent transactin Methd f calculating and requirements fr allwing premium t be paid in installments Bulletin 160 Disclsure f disbursement f real estate cmmissin Frm T-63 Texas Escrw Accunting Addendum Special Disbursement Recnciliatin (fr disbursement f POC items thrugh escrw) Additinal Rate Rules and Bulletins fr Calculating Premium Charges R-1 Schedule f Basic Premium Rates Shall apply unless anther rule specified Prhibitin against cmbining Rate Rules R-3 Owner s Plicy Page 5 f 6 Last revised 01/29/10
CESP CAEP Tpic/Issue Surrender credit if imprvements subsequently added R-4 Lan Plicy Additinal 25% cverage initially r subsequently issued R-5 Simultaneus Owner s and Lan Plicy(ies) Requirements and standard rate Lan Plicy(ies) exceed Owner s Plicy Including the cst f cntemplated imprvements and cmbined with Owner s Plicy surrender credit Premium paid in installments R-6 Subsequently issued Lan Plicy R-7 Simultaneus First and Subrdinate Lien Lan Plicies R-8 Lan Plicy Refinance credit Requirements and chart f credits Additinal chain(s) f title Tw r mre lans satisfying ne existing lan Prhibitin against including additinal land Limitatin n amunt f written payff balance used t calculate credit R-9 Additinal Chain(s) f Title R-13 Binder credit Owner s Plicy upn subsequent sale Lan Plicy upn subsequent refinance R-18 Lan Plicy Refinance f Cnstructin Lan Cvered by Lan Plicy Bulletin 120 Multiple full premiums when multiple Sales/Purchases aggregated int a single Owner s Plicy Page 6 f 6 Last revised 01/29/10