> For the complete documentation index, see [llms.txt](https://underwriting.homium.io/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://underwriting.homium.io/insurance/property-and-flood-insurance/general-property-insurance-requirements-for-all-property-types/exceptions-to-insurer-rating-requirements.md).

# Exceptions to Insurer Rating Requirements

The following are exceptions to Homium’s insurer rating requirements:

* Reinsurance Arrangements — Policies written by an insurer that do not meet Homium’s rating requirements are acceptable provided all conditions outlined in the following table are met. 

<table data-header-hidden><thead><tr><th width="96" data-type="checkbox"></th><th>Conditions for Acceptable Reinsurance Arrangements</th></tr></thead><tbody><tr><td>true</td><td>The insurer is covered by reinsurance with a company that meets the AM Best Financial Strength Ratings or S&#x26;P Global Insurer Financial Strength Rating, as listed in Property Insurer Rating Requirements.</td></tr><tr><td>true</td><td>The primary insurer and the reinsuring company are authorized (or licensed, if required) to transact business within the state where the property is located. </td></tr><tr><td>true</td><td>The reinsurance agreement has a “cut-through” endorsement that provides for the reinsurer to become immediately liable for 100% of any loss payable by the primary insurer in the event the primary insurer becomes insolvent. </td></tr><tr><td>true</td><td><p>Both the primary insurer and the reinsuring company execute an Assumption of Liability Endorsement (<a href="https://www.fanniemae.com/content/guide_form/858.pdf">Form 858</a>), or any equivalent endorsement that provides for 100% reinsurance of the primary insurer’s policy and a 90-day written notice to Homium of the termination of the reinsurance arrangement. </p><p>Note:   <a href="https://www.fanniemae.com/content/guide_form/858.pdf">Form 858</a> (or the equivalent endorsement) must be attached to each insurance policy covered by the reinsurance agreement.</p></td></tr><tr><td>true</td><td>The reinsurance agreement does not allow contributions or assessments to be made against Homium or to become a lien on the property that is superior to Homium’s lien. </td></tr><tr><td>true</td><td>The insurance written under the policy cannot exceed any dollar limitation amount specified in the reinsurance endorsement. </td></tr></tbody></table>