Property Insurer Rating Requirements

The property insurance policy for the property securing any first mortgage and Homium second lien, including master policies for project developments, must be written by an insurer that meets one of the rating requirements in the following table.

Rating Agency	Rating Category
AM Best Company	“B” or better Financial Strength
Demotech, Inc.	“A” or better Insurance Financial Stability Rating
Kroll Bond Rating Agency	“BBB” or better Insurance Financial Strength Rating (IFSR)
S&P Global	“BBB” or better Insurer Financial Strength Rating

Note: An insurer is only required to meet the rating category requirement for one of the rating agencies, even if they are rated by multiple rating agencies.