Coverage classification
- Form type
- Endorsements
Compare Quota share endorsement forms
| Form | Intent | Coverage context | Conditions and limits |
|---|---|---|---|
Mitsui Sumitomo Insurance USA Inc.Quota Share Endorsement MSIG 11P40307 0726 Management Liability | Sets each participating insurer’s share of liability for a loss. | Schedules participating insurers, policy numbers, limits and participation percentages. | Makes each participating insurer liable for its own share, subject to the policy aggregate limit. |
Great American Spirit Insurance CompanyQuota Share Endorsement WXP 80 05 12 24 Follow Form Excess Liability | Sets a share of loss subject to the stated occurrence and aggregate limits. | Addresses insurers participating on the same layer. | Applies the most restrictive specified terms among the quota share policies and states that liability is several rather than joint. |
Notable clauses
“shall only be liable for their own Percentage of Quota Share Participation for each Loss”
Mitsui Sumitomo Insurance USA Inc. · Quota Share Endorsement · MSIG 11P40307 0726
Participating shares. The form allocates each participating insurer’s liability by its quota share percentage.
“the most restrictive of all such definitions, terms, conditions, limitations or exclusions shall apply to this Policy”
Great American Spirit Insurance Company · Quota Share Endorsement · WXP 80 05 12 24
Restrictive terms. The form specifies how differences among quota share policies affect this policy’s terms.
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