NEW SIGNING AGENT E&O INSURANCE POLICY

CNA Surety Corporation (NYSE: SUR) is pleased to announce the release of a new Errors and Omissions Insurance product specifically designed for Notaries who assist with loan signings.

Until now, the only insurance policies available have been expensive and not custom designed to fit the unique needs of the signing agent industry.

Our new Signing Agent Errors & Omissions Insurance Policy is designed to fill the gaps left with traditional Notary Errors & Omissions Insurance, which only provides coverage for the actual notarizations in a loan package. The new policy, which includes defense costs, provides coverage for actions such as:

Innocent errors or omissions related to Signing Agent Notarial acts
Incorrectly dating the Right of Rescission
Missed initials or non-notarized signatures
Improper corrections made to documents
Failure to complete the signing on time
Late return of date-sensitive documents

Innocent mistakes happen, no matter how careful you are.

A notary signing agent completed a loan closing and was responsible for returning the documents via expedited mail. However, the notary accidentally threw away the wrong envelope and the documents were never sent.

A signing agent completed a closing, put the documents in the mail, and completed all required assignments. However, the title company never received the documents and accused the signing agent of never sending them and delaying the closing.

A mortgage lender sued a signing agent for failing to provide customers with copies of documents, which resulted in a change in rescission date.

These are actual situations where the Signing Agent found out too late that their notary E&O policy did not cover all of their actions as a Signing Agent.