Page 159 - ALTA Endorsements Guide

ALTA ENDORSEMENT RETURN TO TABLE OF CONTENTS

Endorsement 23.1
Co-Insurance – Multiple Policies
[2021 v. 01.00 (05-12-2022)]

ALTA 23.1 (CO-INSURANCE — MULTIPLE POLICIES) ENDORSEMENT
This endorsement is issued as part of
Policy Number __________
issued by
OLD REPUBLIC NATIONAL TITLE INSURANCE COMPANY
(“Issuing Co Insurer”)

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.” The Issuing Co-Insurer and each Co-Insurer are
collectively referred to as “Co-Insuring Companies.”

1. By issuing this Co-Insurance 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, except an ALTA 12[ 06] or ALTA 12.1[ 06] Aggregation Endorsement, if any, issued by any
other of the Co-Insuring Companies, subject to the limitations of this Co-Insurance Endorsement.

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

2. Aggregation of Policy Liability
a. The Issuing Co-Insurer’s liability under the Co-Insurance Policy may be aggregated with other policy liabilities issued by the Issuing Co-Insurer
with either an ALTA 12[ 06] or ALTA 12.1[ 06] Aggregation Endorsement.
b. Each Co-Insurer may aggregate its liability under the Co-Insurance Policy with other policy liabilities issued by that Co-Insurer, but only if this
Co-Insurance Endorsement is issued with that Co-Insurer’s ALTA 12[ 06] or ALTA 12.1[ 06] Aggregation Endorsement.
c. Policy liability assumed by each of the Co-Insuring Companies may not be aggregated with other policy liabilities assumed by any other of the
Co-Insuring Companies.

3. Each of the Co-Insuring Companies shall be liable to the Insured only for its Percentage of Liability of:
a. the total loss or damage under the Co-Insurance Policy, but in no event greater than its respective Aggregate Amount of Insurance set forth in its
ALTA 12[ 06] or ALTA 12.1[ 06] Aggregation Endorsement, if any, and
b. the costs, attorneys’ fees, and expenses provided for in the Conditions.

4. 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 the addresses set forth above.

5. 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.

6. 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.

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