Saturday, April 14, 2007

TIRBOP Polices and Rates, continued

5.3 REISSUE RATE

A purchaser of a title insurance policy shall be entitled to the reissue rate if the real property to be insured is identical to, or is part of, real property insured 10 years immediately prior to the date the insured transaction closes. Evidence of previous insurance in accordance with the provisions of Section 2.8 of this Manual must be considered in order to apply the reissue rate. Insurer shall comply with the written notice provisions of Section 2.9.

The Reissue Rate is set forth in Section 5.50 of this Manual.

The provisions of this Section are not applicable to the Approved Attorney Procedure.

2 comments:

Anonymous said...

Is this the wording of the TIRBOP Manual, as amended in 2005?

Diane Cipa said...

Yes. The page is dated 8-1-05.