Mutual Indemnification Agreement Sample Contracts

MUTUAL INDEMNIFICATION AGREEMENT -------------------------------- (KDCH, DMB and A&B)
Mutual Indemnification Agreement • September 11th, 2006 • Alexander & Baldwin Inc • Water transportation • Hawaii
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MUTUAL INDEMNIFICATION AGREEMENT
Mutual Indemnification Agreement • September 28th, 2023

This Agreement, being duly executed by and between the undersigned parties hereto (hereinafter referred to as the “Signatories”), and the parties hereby agreeing to be bound pursuant to the terms, conditions and provisions hereof, as of the effective date hereof, and as more fully described below:

MUTUAL INDEMNIFICATION – A DIFFERENT WAY OF CLEARING TITLE ISSUES
Mutual Indemnification Agreement • October 7th, 2020

Through the years in the ever-crazed process of clearing title issues for closing, it has always taken time and much angst to obtain clearance for defects in title. In July 2003 an initial agreement was executed whereby several underwriters agreed to clear some title issues by accepting prior policies issued by agents or branch departments located within this underwriting network. On April 1, 2005 a First Amended and Restated Mutual Indemnification Agreement was effectuated, and on July 27, 2005 a First Amendment to First Amended and Restated Memorandum on Mutual Indemnification Agreement was originated. The purpose of this Agreement is to streamline the process of obtaining clearance for certain types of title exceptions that should have been resolved by the prior title company/agent. This would limit the need to obtain individual Letters of Indemnity or Letters of Performance from the underwriters to allow us to dispose of the title defects. These underwriters have agreed to particip

THIRD REVISED MUTUAL INDEMNIFICATION AGREEMENT
Mutual Indemnification Agreement • November 25th, 2015

In order to expedite the closing of real estate transactions, facilitate the meeting of potential outstanding policy obligations and limit the need to obtain individual letters of indemnity, the companies that now or hereafter become signatories to this Third Revised Mutual Indemnification Agreement (“Agreement”), in consideration of their mutual promises and the performance hereunder, do hereby agree with one another, as follows:

To: All Old Republic Title Agents and Offices
Mutual Indemnification Agreement • October 10th, 2020

Please be advised that the Mutual Indemnification Agreement has undergone a fifth revision which was signed in counterpart and is effective September 1, 2018. The changes are small but defining and clarifying in nature.

Date: September 25, 2020 Bulletin No.: AL 2020-01 Subject: Alabama Mutual Indemnification Agreement
Mutual Indemnification Agreement • September 25th, 2020

Reliance on a MIA is sometimes a solution to allow a current transaction to close without curing an underlying title defect. It does not “Fix” or “Cure” the underlying problem, so, depending on the issue, this “solution” may not be beneficial or acceptable to your customer, nor does reliance on a MIA necessarily protect a WFG agent from possible claims by their customer.

FIRST AMENDED AND RESTATED MUTUAL INDEMNIFICATION AGREEMENT
Mutual Indemnification Agreement • June 9th, 2010

Now, Witness that the below signatory parties to this First Amended and Restated Mutual Indemnification Agreement, in consideration of their mutual promises and the performance hereunder, do hereby agree with one another, as follows:

FEDERAL STANDARD ABSTRACT
Mutual Indemnification Agreement • July 6th, 2005

Traditionally, obtaining clearance for an exception to title which should have been resolved when a prior title insurance policy on the same property was issued can be a torture. In July 2003, the Mutual Indemnification Agreement (hereinafter called “Agreement”) was signed by a number of underwriters in New York State. The purpose of this Agreement is to streamline the process. This Agreement was expanded effective April 1, 2005 with the execution of the First Amended and Restated Mutual Indemnification Agreement (hereinafter called “Restated Agreement”).

PARTIES TO THE Third Revised Mutual Indemnification Agreement (3rd INDEMNITY TREATY)
Mutual Indemnification Agreement • August 17th, 2012

Chicago Title Insurance Company includes: American Pioneer Title Insurance Company Security Union Title Insurance Company Ticor Title Insurance Company

§ 58‑20‑20. Mutual agreement for indemnification.
Mutual Indemnification Agreement • May 24th, 2024
Mutual Indemnification Agreement
Mutual Indemnification Agreement • August 7th, 2013

Many years ago, the Florida Land Title Association helped coordinate an agreement among most of the title insurers doing business in Florida. This agreement has been updated several times over the years, and additional insurers have joined along the way, and from time to time it has been updated to reflect changes in the law or in commercial practices.

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