Minnesota General Endorsement (1-3-23)

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Minnesota General Endorsement (1-3-23)

Form Document
02/01/2023
V 4

MINNESOTA GENERAL ENDORSEMENT
ATTACHED TO POLICY NUMBER _________________

ISSUED BY
STEWART TITLE GUARANTY COMPANY

The Policy is hereby amended as follows to the extent it is inconsistent with the following:

As provided in Minnesota Statutes Section 72A.201, oral or written notification of claim to the title insurance agent of Company is notice to the Company and liability shall not be denied by requiring an insured to give written notice of claim to the Company. 

As provided in Minnesota Statutes Section 72A.201, Subdivision 5(5) where applicable, the Company agrees to issue payment for any amount finally agreed upon in settlement of all or part of any claim within five business days from the receipt of the agreement by the Company or from the date of the performance by the insured of any conditions set by such agreement, whichever is later.

As provided in Minnesota Statutes Section 60A.41, the Company may not proceed against its insured pursuant to the provisions found in the Conditions of this policy under the Section that may be entitled “Rights of Recovery Upon Payment or Settlement” in a subrogation action where the loss was caused by the nonintentional acts of the insured, and the Company may not subrogate itself to the rights of its insured to proceed against another person if that other person is insured for the same loss, by the Company and if the loss was caused by the nonintentional acts of the person against whom subrogation is sought.

As provided in Minnesota Statutes Section 60A.08, Subdivision 4, this Policy is deemed to be made in Minnesota.

The words “in writing” are hereby deleted from the Section(s) found in the Conditions of this policy that may be entitled “Notice of Claim To Be Given By Insured Claimant” or “Notice of Claim To Be Given By Insured”.

The phrase “Any failure of the Insured Claimant to submit for examination under oath, produce any reasonably requested information, or grant permission to secure reasonably necessary information from third parties as required in Condition 6.b., unless prohibited by law, terminates any liability of the Company under this policy as to that claim” as found in the Condition of this policy under the Section that may be entitled ”Duty Of Insured Claimant To Cooperate” is hereby deleted.

The language found in the Conditions of this policy under the Section that may be entitled: “Notices Where Sent” are hereby amended to read as follows: All notices required to be given the Company and any statement required to be furnished the Company shall include the number of this policy and shall be given to the Company, Claims Department at P.O. Box 2029, Houston, TX. 77252-2029, or by calling Telephone Number 1-800-729-1902. Notification to the active issuing agent is also acceptable.

The phrase “Signed under seal for the Company, but this [policy/endorsement] is to be valid only when it bears an authorized countersignature” is hereby deleted in its entirety.

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.

The bankruptcy, insolvency or dissolution of the insured shall not relieve the company of any obligations under this Policy.

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