Page 80 - ALTA Endorsements Guide

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ALTA ENDORSEMENT 23-06

COINSURANCE – SINGLE POLICY

Revised (10-16-08)

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 Name Policy Amount Percentage
Companies and Number of of Liability
Address [File Insurance
Number]
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.

DATED: ______________

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