Page 82 - ALTA Endorsements Guide

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ALTA ENDORSEMENT 23.1-06

COINSURANCE – MULTIPLE POLICIES

Adopted (8-1-16), Revised (8-1-17)

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

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