Guideline: NM 85 Endorsement - Identified Risk Coverage

Explanation:

An identified risk coverage endorsement NM form 85 may be attached to an Owner’s policy, Leasehold Owner’s policy, Loan policy, Construction Loan policy or Leasehold Loan policy for the purpose of insuring around an adverse matter or document excepted to in Schedule B. The use of this endorsement is extremely limited in New Mexico. This endorsement shall be issued only (i) when there exists an adverse matter or document which has a generalized effect as to the insurability of title to a number of properties which are similarly situated, and only (ii) following the issuance by the Superintendent of Insurance of a bulletin distributed to the title insurance underwriters and agents licensed to issue title policies in New Mexico specifically identifying the adverse matter or document and authorizing use of the identified risk coverage endorsement with regard to such adverse matter or documents.

To date, the Office of the New Mexico Superintendent of Insurance has not issued any bulletins which would allow an underwriter to issue this endorsement.

Underwriting Requirements:

Please contact your Stewart Title Guaranty Company underwriter if you are asked to issue this endorsement.