Guideline: NM 85 Endorsement - Identified Risk Coverage
An identified risk coverage endorsement NM form 85 may be attached to an Owner’s policy, Leasehold Owner’s policy, Loan policy, Construction Loan policy or Leasehold Loan policy for the purpose of insuring around an adverse matter or document excepted to in Schedule B. The use of this endorsement is extremely limited in New Mexico. This endorsement shall be issued only (i) when there exists an adverse matter or document which has a generalized effect as to the insurability of title to a number of properties which are similarly situated, and only (ii) following the issuance by the Superintendent of Insurance of a bulletin distributed to the title insurance underwriters and agents licensed to issue title policies in New Mexico specifically identifying the adverse matter or document and authorizing use of the identified risk coverage endorsement with regard to such adverse matter or documents.
To date, the Office of the New Mexico Superintendent of Insurance has not issued any bulletins which would allow an underwriter to issue this endorsement.
Please contact your Stewart Title Guaranty Company underwriter if you are asked to issue this endorsement.
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.
This guideline applies to the following form(s):