NM Form 77 Co-Insurance - Single Policy Endorsement (ALTA Form 23-06, Rev. 2006)
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- New Mexico
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NM Form 77 Co-Insurance - Single Policy Endorsement (ALTA Form 23-06, Rev. 2006)
Co-Insurance - Single Policy Endorsement
Attached to Policy No.____
Issued By
STEWART TITLE GUARANTY COMPANY
Attached to and made a part of __________________ Company ("Issuing Co-Insurer") Policy No. ("Co-Insurance Policy"). Issuing Co-Insurer and any other coinsurers are collectively referred to as "Co-Insurers."
1. Co-Insurer issues this endorsement as evidence of Co-Insurer's liability under Co-Insurance Policy and directs that this endorsement be attached to the Co-Insurance Policy adopting its Covered Risks, Exclusions, Conditions, Schedules and Endorsements, as follows:
Co-insuring Name and Policy Number Amount of Percentage of
Companies Address [File Number] Insurance Liability
Issuing Co-Insurer $
Co-Insurer $
Co-Insurer $
Co-Insurer $
Aggregate Amount of Insurance $
2. Each Co-Insurer shall be liable to the Insured under the Coinsurance Policy only for the total of the loss and costs multiplied by its Proportion of Liability.
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 Co-Insurer 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 on behalf of the Co-Insurer 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.
[Witness clause optional]
Dated:___________
STEWART TITLE GUARANTY COMPANY
Authorized signatory_____________
For issuing guidelines on this form, see Guidelines.