NM Form 77 Co-Insurance - Single Policy Endorsement (ALTA Form 23-06, Rev. 2006)

Co-Insurance - Single Policy Endorsement

Attached to Policy No.____

Issued By

STEWART TITLE GUARANTY COMPANY

 

Attached to and made a part of __________________ Company ("Issuing Co-Insurer") Policy No. ("Co-Insurance Policy"). Issuing Co-Insurer and any other co­insurers are collectively referred to as "Co-Insurers."

1.  Co-Insurer issues this endorsement as evidence of Co-Insurer's liability under Co-Insurance Policy and directs that this endorsement be attached to the Co-Insurance Policy adopting its Covered Risks, Exclusions, Conditions, Schedules and Endorsements, as follows:

Co-insuring          Name and           Policy Number        Amount of         Percentage of
Companies           Address              [File Number]           Insurance         Liability
Issuing Co-Insurer                                                           $
Co-Insurer                                                                        $
Co-Insurer                                                                        $
Co-Insurer                                                                        $
Aggregate Amount of Insurance                                    $

2. Each Co-Insurer shall be liable to the Insured under the Co­insurance Policy only for the total of the loss and costs multiplied by its Proportion of Liability.

3. Any notice of claim and any other notice or statement in writing required to be given under the Co-Insurance Policy must be given to Co-Insurer at its address set forth above.

4. Any endorsement to the Co-Insurance Policy issued after the date of this Co-Insurance Endorsement must be signed on behalf of the Co-Insurer by its authorized officer or agent.

5. This Co-Insurance Endorsement is effective as of the Date of Policy of the Co-Insurance Policy. This Co-Insurance Endorsement may be executed in counterparts.

This endorsement is issued as part of the policy. Except as it expressly states, it does not (i) modify any of the terms and provisions of the policy, (ii) modify any prior endorsements, (iii) extend the Date of Policy, or (iv) increase the Amount of Insurance. To the extent a provision of the policy or a previous endorsement is inconsistent with an express provision of this endorsement, this endorsement controls. Otherwise, this endorsement is subject to all of the terms and provisions of the policy and of any prior endorsements.

[Witness clause optional]

Dated:___________

STEWART TITLE GUARANTY COMPANY

Authorized signatory_____________

For issuing guidelines on this form, see Guidelines