BH Doing Business Endorsement (08-31-2022)

DOING BUSINESS ENDORSEMENT
(Bahamas – Version August 2022)

ISSUED BY STEWART TITLE LIMITED (the “Company”)

Agent’s File No.:__________________________________

Endorsement to Policy No.: _________________________________

Date of Issuance: _________________________________

The Company insures against loss or damage sustained by the Insured by reason of the invalidity or unenforceability of the lien of the Insured Mortgage on the ground that making the loan secured by the Insured Mortgage constituted a violation of the "doing-business" laws of The Bahamas because of the failure of the Insured to qualify to do business under those laws.

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.

This endorsement is only valid when it bears an authorized Stewart agent countersignature.

Countersigned by Authorized Stewart Agent:

_____________________________________
Authorized Signatory of Agent

Agent: _____________________________________

Address: ___________________________________

Issuing Guidelines: This endorsement is designed for use with a Loan Policy only.  It may be issued upon receipt of an opinion or satisfactory confirmation that the lender is qualified to do business in the Bahamas. Underwriter pre-approval is required before offering this endorsement.