NM Coordinate and Proportionate Endorsement Guideline 32
Explanation:The Coordinate and Proportionate Endorsement (NM 32) may be attached to any Owner's or Loan Policy to create coinsurance with other title insurers of a portion of liability under the policy being assumed by each insurer. This coinsurance endorsement provides an insurer is liable only for a pro rata part of policy liability.
Underwriting Requirements:We require the following:
Underwriter approval is required for issuance of this endorsement.
The underwriting guidelines contained herein have been provided for general reference. The facts, circumstances, and location of the subject property should be considered when determining the issuance of the requested form or endorsement. Please note that all of the forms and endorsements included in this system may not be available in all states. Accordingly, please contact the appropriate Stewart Title Guaranty Company underwriting personnel in order to determine availability.
Compliance with the underwriting guidelines contained herein in no way obligates Stewart Title Guaranty Company to issue any form or endorsement.
This guideline applies to the following form(s):None