Guideline: NM 77 - Co-Insurance - Single Policy

Explanation:

Explanation:

This endorsement is issued by a co-insurer if a lead co-insurer (the “Issuing Co-Insurer”) prepares and issues a policy.  The other co-insurers then issue the Co-Insurance Endorsement, which is attached to the policy of Issuing Co-Insurer and which incorporates the terms of the policy of the Issuing Co-Insurer.  The co-insurers do not prepare or issue separate policies.  The Endorsement sets forth the names and addresses of the co-insurers, the policy number assigned by each co-insurer (and the file number also may be shown), applicable amount of insurance assumed by the co-insurer and proportion of liability assumed by the co-insurer. 

Underwriting Requirements:

You must secure approval of a Stewart Title Guaranty Company underwriter to issue this endorsement.

You must also secure an assigned policy number for issuance of this endorsement and must report it with other policies. 

The underwriting guidelines contained herein have been provided for general reference. The facts, circumstances, and location of the subject property should be considered when determining the issuance of the requested form or endorsement. Please note that all of the forms and endorsements included in this system may not be available in all states. Accordingly, please contact the appropriate Stewart Title Guaranty Company underwriting personnel in order to determine availability.

Compliance with the underwriting guidelines contained herein in no way obligates Stewart Title Guaranty Company to issue any form or endorsement.