ALTA
ENDORSEMENTS SAMPLES AND DESCRIPTIONS
Endorsement 23-06 - Co-Insurance - Single Policy Revised 10-16-08
ENDORSEMENT 23-06 - CO-INSURANCE - SINGLE POLICY
Attached to Policy No. __________ Issued by BLANK TITLE INSURANCE COMPANY (“Issuing Co-Insurer”)
CO-INSURANCE ENDORSEMENT
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.
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