Coinsurance, Joint and Several Liability – (CLTA 114.2-06)
Intended to be attached to a policy issued by a lead coinsurer to provide coinsurance by all the named companies
where each coinsurer will have joint and several liability for the amount of liability set forth in the endorsement and separate pro rata portion of the total risk under the policy.
where each coinsurer will have joint and several liability for the amount of liability set forth in the endorsement and separate pro rata portion of the total risk under the policy.
clta114.2-06 CLTA 114.2-06