Page 155 - ALTA Endorsements Guide
P. 155

ALTA ENDORSEMENT                                                          RETURN TO TABLE OF CONTENTS





                                                                                                         Endorsement 23-06
                                                                                                    Co-Insurance – Single Policy
                                                                                                           Revised 10-16-08



                                                         ENDORSEMENT
                                                Attached to Policy No. __________
                                                           Issued by
                                           OLD REPUBLIC NATIONAL TITLE INSURANCE COMPANY
                                                       (“Issuing Co-Insurer”)
                                                   CO-INSURANCE ENDORSEMENT
                SAMPLE
        Attached to and made a part of Issuing Co-Insurer’s Policy No. ____________________ (“Co-Insurance Policy”).  Each title insurance company
        executing this Co-Insurance Endorsement, other than the Issuing
        Co-Insurer, shall be referred to as a “Co-Insurer.”  Issuing Co-Insurer and each Co-Insurer are collectively referred to as “Co-Insuring Companies.”

          1.   By issuing this endorsement to the Co-Insurance Policy, each of the Co-Insuring Companies adopts the Co-Insurance Policy’s Covered Risks,
              Exclusions, Conditions, Schedules and endorsements, subject to the limitations of this endorsement.

               Co-Insuring Companies        Name and Address       Policy Number [File Number]       Amount of Insurance       Percentage of Liability
               Issuing Co-Insurer                                                    $
               Co-Insurer                                                            $
               Co-Insurer                                                            $
               Co-Insurer                                                            $
               Aggregate Amount of Insurance                                         $

          2.   Each of the Co-Insuring Companies shall be liable to the Insured only for its Percentage of Liability of:  (a) the total of the loss or damage under the
              Co-Insurance Policy, but in no event greater than its respective Amount of Insurance set forth in this endorsement; and (b) costs, attorneys’ fees and
              expenses provided for in the Conditions.

          3.   Any notice of claim and any other notice or statement in writing required to be given under the Co-Insurance Policy must be given to each of the
              Co-Insuring Companies at its address set forth above.

          4.   Any endorsement to the Co-Insurance Policy issued after the date of this Co-Insurance Endorsement must be signed by each of the Co-Insuring
              Companies by its authorized officer or agent.

          5.   This Co-Insurance Endorsement is effective as of the Date of Policy of the Co-Insurance Policy.  This Co-Insurance Endorsement may be executed
              in counterparts.

        This endorsement is issued as part of the Coinsurance 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.


















     Visit us online at: oldrepublictitle.com/ncs                                                      155
   150   151   152   153   154   155   156   157   158   159   160