Master Indemnity AgreementMarch 13, 2018
What is the Master Indemnity Agreement (MIA)?
The Master Indemnity Agreement (MIA) is a promulgated form (T-29) and procedure (P-11b) which enables an underwriter to insure around an issue without the necessity of obtaining an individual Letter of Indemnity (LOI) from another underwriter.
Although the MIA is most commonly used when there are unreleased deeds of trust, it is in fact applicable to a number of different situations. You should take time to review the form and familiarize yourself with its applicability. A copy of the T-29 is attached.
WFG has executed Master Indemnity Agreements with the following underwriters: Fidelity, Alamo Title, Commonwealth, Chicago, Old Republic, Title Resources, Stewart, Alliant, National Investors, First National and Westcor.
Please contact WGF Underwriting whenever you have a question about the MIA.