Examination of Records: Underwriting Guidelines

If the property to be insured is located in a county where the local bankruptcy court is located, a search should be made of the bankruptcy court records to determine whether or not the subject property was, or is, involved in a bankruptcy. If the property is not located in the same county as the local bankruptcy court, no special search need be made unless there exists a notice of bankruptcy recorded in the public records of the county where the property is situated, or you believe, for some other reason, that a bankruptcy has occurred or is currently pending. Matters shown in local public records or other information that leads you to believe a bankruptcy proceeding may be pending place you under a duty to investigate further.