SUCCESSORS & TRANSFEREES ENDORSEMENT

    This endorsement, when affixed to an owner’s policy, modifies the definition of Insured to include, in specific limited circumstances, transferees under inter vivos or testamentary trusts, and transferees for no or nominal stated consideration.

    The charge for the issuance of this endorsement shall be 10% of the Standard Underwriting Charge if the endorsement is given at the time of the issuance of the underlying policy, and 20% of the currently-applicable Standard Underwriting Charge for the underlying policy if the endorsement is issued subsequent to the issuance of that policy.