ALTACLAIMSCODES*
TOBEASSIGNEDBASEDONSPECIFICALLEGATIONSSETFORTHINACLAIMLETTERORCOMPLAINTORONTHECOMPANY'SINTERPRETATIONOFSUCHDOCUMENTS.
RISKCODES
A.BasicRisks
1.Fraud
2.Forgery
3.Competency;capacity;authorityofparties
4.Undisclosedheirs
5.Maritalrights
6.Assumedrisks
a.Off-record/prescriptiverights
b.Access
c.CC&Rviolation
d.Zoningviolation
e.Forcedremoval/encroachingstructure
f.Forcedremoval/encroachingboundarywall
g.Forcedremoval/structureoneasementorset-back
h.Structureencroachmentbyneighbor
i.Boundarywallencroachmentbyneighbor
j.Incorrectnessofmapattachedtopolicy
k.Assignmentofmortgage
l.Failurere:streetaddress
m.Failurere:residentialimprovements
n.Subdivisionlawviolation
o.Buildingpermitviolation
p.Post-policyencroachmentbyanother
q.Surfacerightsformineral/water/etc.extraction
r.Post-policyforgery/impersonation
s.Modificationofmortgage
t.Easements – damagefromuseormaintenance
u.Supplementaltaxes
v.Variableratemortgage
w.Negativeamortizationmortgage
x.Otherassumedrisk
B.SpecialRisks
1.Mechanics'Lien
a.ConstructionLoan
b.OwnersorPermanentLoanPolicy
2.Subordinationofpriorinterests
3.Affidavitorindemnityreliedupon(exceptformechanics'liens)
4.UnderwrittenRisks
a.Violationofrestrictionsandcovenants
b.Zoning
c.Mortgages,judgments,liens(otherthanmechanics'liens-priority)
d.Non-imputation
e.Condominium,cooperativeandPUDcoverages
f.Usury–federalpreemption
g.Usury–other
h.Waters–navigationalservitudes
i.Waters–landsoncesubmerged
j.Doingbusiness
k.Truth-in-lending
l.Access/Easementsinsured
m.Airrightsinsured
n.Creditors'rights/bankruptcy
o.Environmentalliens
p.Vacatedstreetsandalleysinsured
q.Assertionsofpossessoryrights,encroachments,overlaps,boundarylinedisputes,unrecordedeasements,orclaimsofeasements(shownbysurveyorinspection)
r.Assertionsofpossessoryrights,encroachments,overlaps,boundarylinedisputes,unrecordedeasements,orclaims(w/oasurveyorinspection)
s.Assignmentofmortgage
t.Surfacerightsformineralextraction
u.Existingimprovements
v.Modificationofmortgage
w.Easements – damagefromuseormaintenance
x.Optionaladvance
y.Revolvinglineofcredit
z.Variableratemortgage
aa.Negativeamortizationmortgage
bb.Otherendorsement
C.Plant,Searching,andAbstractingProcedures
1.Take-offofpublicrecords
2.Posting
3.Searchingirregularity
4.Abstractingirregularity
5.Other
D.ExaminationandOpinionIrregularities
1.Unforeseenrisk
2.Irregularomission
3.Failuretofollowestablishedproceduresandpolicies
E.Survey-Inspection/DescriptionMatters
1.Incorrectsurveyorinspection
2.Incorrectdescriptionusedorfurnished
F.Escrow/ClosingProcedures
1.Insufficientorimproperinstructions
2.Instructionsnotfollowed
3.Improperpaymentorfailuretomakepayment
4.ClosingProtectionLetter
5.Failuretocompletepost-closingresponsibilities
6.Other
G.TypingorPolicyReview
H.TaxesandSpecialAssessments
I.ApparentNon-CoveredClaims
1.Claimoutsideinsuringprovisions
2.Claimwithinpreprintedexclusionorexception
3.Claimwithinspecialexception
4.Other
J.Stakeholder/InterpleaderCases
K.DisputedProcedure(Judicial/Non-Judicial)
1.Foreclosure
2.Governmentforfeiture
3.Other
RESPONSIBILITYCODES
R.Fidelity
1.ByAgent
2.ByApprovedAttorney
3.ByIndependentContractor
4.ByEmployee
S.UnauthorizedRisk
1.ByAgent
2.ByApprovedAttorney
3.ByIndependentContractor
4.ByEmployee
T.IrregularityorOmission
1.ByAgent
2.ByApprovedAttorney
3.ByIndependentContractor
4.ByEmployee
U.CompanyPracticeRisk
*Additionsareinbold type.