Call 855-808-4530 or email [email protected] to receive your discount on a new subscription.
All New York title insurance policy and endorsements forms as well as the premium rates must be filed with and be approved by the New York Department of Insurance. Title underwriters almost always file with the Department through the Title Insurance Rate Service Association ('TIRSA'), a state sanctioned rating bureau comprised of the great majority of title underwriters licensed to do business in New York. In developing new forms, TIRSA, in turn, receives guidance from the American Land Title Association ('ALTA'), an organization whose membership includes title companies from across the nation. The title insurance policy forms currently in use in New York are based upon those promulgated by ALTA in 1992. However, because the ALTA forms are national, TIRSA often suggests modifications to the forms to account for New York's laws and local practices. Upon approval by the Insurance Department, these modifications are implemented through the provisions of the TIRSA Rate Manual, which sets forth premium rates, coverage limitations or expansions from the national policy, as well as the rules and guidelines governing title underwrites. The coverage expansions or limitations are then carried over to the New York Endorsement to the title policy which is attached to every policy and specifically modifies the terms of the policy to account for rules and regulations set forth in the Rate Manual. There are two basic title policy forms: 1) the owner's or fee policy, which insures the owners of the insured premises; and 2) the mortgage or loan policy, which insures the lender whose loan is secured by a mortgage on the owner's property. Each policy has its own New York Endorsement.
Revised Forms
ENJOY UNLIMITED ACCESS TO THE SINGLE SOURCE OF OBJECTIVE LEGAL ANALYSIS, PRACTICAL INSIGHTS, AND NEWS IN ENTERTAINMENT LAW.
Already a have an account? Sign In Now Log In Now
For enterprise-wide or corporate acess, please contact Customer Service at [email protected] or 877-256-2473
There is no efficient market for the sale of bankruptcy assets. Inefficient markets yield a transactional drag, potentially dampening the ability of debtors and trustees to maximize value for creditors. This article identifies ways in which investors may more easily discover bankruptcy asset sales.
A federal district court in Miami, FL, has ruled that former National Basketball Association star Shaquille O'Neal will have to face a lawsuit over his promotion of unregistered securities in the form of cryptocurrency tokens and that he was a "seller" of these unregistered securities.
Why is it that those who are best skilled at advocating for others are ill-equipped at advocating for their own skills and what to do about it?
Blockchain domain names offer decentralized alternatives to traditional DNS-based domain names, promising enhanced security, privacy and censorship resistance. However, these benefits come with significant challenges, particularly for brand owners seeking to protect their trademarks in these new digital spaces.
In recent years, there has been a growing number of dry cleaners claiming to be "organic," "green," or "eco-friendly." While that may be true with respect to some, many dry cleaners continue to use a cleaning method involving the use of a solvent called perchloroethylene, commonly known as perc. And, there seems to be an increasing number of lawsuits stemming from environmental problems associated with historic dry cleaning operations utilizing this chemical.