OTIRO No. 85(O) - Owner Modification of Arbitration Provision of 1992 or 2006 ALTA Owner’s Policy (9-4-23)

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OTIRO No. 85(O) - Owner Modification of Arbitration Provision of 1992 or 2006 ALTA Owner’s Policy (9-4-23)

Form Document
11/20/2023
V 4

OTIRO 85(O) MODIFICATION OF ARBITRATION PROVISION OF 1992 OR 2006 ALTA OWNER’S POLICY    

ATTACHED TO POLICY NUMBER ______________

 

ISSUED BY

STEWART TITLE GUARANTY COMPANY

 

Order Number: ______________

Date: ______________

Premium: ______________

 

The arbitration provisions contained in Paragraph 14 in the Conditions of the policy are hereby modified as follows:

            Said Paragraph 14 (“Arbitration”) is eliminated.

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.

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