FNTIC ALTA Policy Comparisons

ALTA LOAN POLICY COMPARISON CHART This comparison chart is intended as a guide to identifying differences between the 2021 and 2006 ALTA policies. It should not be relied upon for the interpretation of these policies. Updated 07-14-2021 ALTA LOAN POLICY COMPARISON CHART Page | 16 2006 ALTA LOAN POLICY 2021 ALTA LOAN POLICY COMPARISON (v. 7-30-2021) COMMENTS Whenever requested by the Company, the Insured, at the Company's expense, shall give the Company all reasonable aid (i) in securing evidence, obtaining witnesses, prosecuting or defending the action or proceeding, or effecting settlement, and (ii) in any other lawful act that in the opinion of the Company may be necessary or desirable to establish the Title, the lien of the Insured Mortgage, or any other matter as insured. WheneverWhen requested by the Company, the Insured, at the Company’s expense, shallmust give the Company all reasonable aid in: SAME. This provision has been restructured to enhance readability. (i). in securing evidence, obtaining witnesses, prosecuting or defending the action or proceeding, or effecting settlement,; and SAME. (ii). in any other lawful act that in the opinion of the Company may be necessary or desirable to establish the Title, the lien of the Insured Mortgage, or any other matter, as insured. SAME. If the Company is prejudiced by the failure of the Insured to furnish the required cooperation, the Company's obligations to the Insured under the policy shall terminate, including any liability or obligation to defend, prosecute, or continue any litigation, with regard to the matter or matters requiring such cooperation. If the Company is prejudiced by theany failure of the Insured to furnish the required cooperation, the Company’s liability and obligations to the Insured under thethis policy shall terminate, including any liability or obligation to defend, prosecute, or continue any litigation, with regard toregarding the matter or matters requiring such cooperation. SAME. (b) The Company may reasonably require the Insured Claimant to submit to examination under oath by any authorized representative of the Company and to produce for examination, inspection, and copying, at such reasonable times and places as may be designated by the authorized representative of the Company, all records, in whatever medium maintained, including books, ledgers, checks, memoranda, correspondence, reports, e-mails, disks, tapes, and videos whether bearing a date before or after Date of Policy, that reasonably pertain to the loss or damage. Further, if requested by any authorized representative of the Company, the Insured Claimant shall grant its permission, in writing, for any authorized representative of the Company to examine, inspect, and copy all of these records in the custody or control of a third party that reasonably pertain to the loss or damage. All information designated as confidential by the Insured Claimant provided to the Company pursuant to this Section shall not be disclosed to others unless, in the reasonable judgment of the Company, it is necessary in the administration of the claim. Failure of the Insured Claimant to submit for examination under oath, produce any reasonably requested information, or grant permission to secure reasonably necessary information from third parties as required in this subsection, unless prohibited by law or governmental regulation, shall terminate any liability of the Company under this policy as to that claim. (b). The Company may reasonably require the Insured Claimant to submit to examination under oath by any authorized representative of the Company and to produce for examination, inspection, and copying, at such reasonable times and places as may be designated by the authorized representative of the Company, all records, in whatever medium maintained, including books, ledgers, checks, memoranda, correspondence, reports, e-mails, disks, tapes, and videos, whether bearing a date before or after the Date of Policy, that reasonably pertain to the loss or damage. Further, if requested by any authorized representative of the Company, the Insured Claimant shallmust grant its permission, in writing, for any authorized representative of the Company to examine, inspect, and copy all of thesethe records in the custody or control of a third party that reasonably pertain to the loss or damage. AllNo information designated in writing as confidential by the Insured Claimant provided to the Company pursuant to this Section shall notCondition 6 will be later disclosed to others unless, in the reasonable judgment of the Company, itdisclosure is necessary in the administration of the claim or required by law. Any failureFailure of the Insured Claimant to submit for examination under oath, produce any reasonably requested information, or grant permission to secure reasonably necessary information from third parties as required in this subsection,Condition 6.b., unless prohibited by law or governmental regulation, shall terminateterminates any liability of the Company under this policy as to that claim. SIMILAR. 7. OPTIONS TO PAY OR OTHERWISE SETTLE CLAIMS; TERMINATION OF LIABILITY 7. OPTIONS TO PAY OR OTHERWISE SETTLE CLAIMS; TERMINATION OF LIABILITY SAME. The changes made in Condition 7 of the 2021 ALTA policies are non-substantive revisions. In case of a claim under this policy, the Company shall have the following additional options: In case of a claim under this policy, the Company shall havehas the following additional options: SAME. (a) To Pay or Tender Payment of the Amount of Insurance or to Purchase the Indebtedness. (a). To Pay or Tender Payment of the Amount of Insurance or to Purchase the Indebtedness . SAME.