Action Against OPEEP. As a condition precedent to action against OPEEP the member shall have fully complied with all the terms of this coverage agreement and the amount of the obligation shall have been finally determined either by judgment after actual trial or by written agreement between the member, the claimant and OPEEP. No person or organization shall have the right under this coverage agreement to join OPEEP as a party. Bankruptcy or insolvency of the named member or of the covered estate shall not relieve OPEEP of any of its obligations hereunder. In the event of any dispute of difference arising out of a claim, the named member shall appeal decisions to OPEEP Board of Directors, Executive Committee. If the dispute is not resolved, the named member shall appeal to binding arbitration.
Appears in 5 contracts
Samples: Excess Liability Coverage Agreement, Oregon Public Entity Excess Pool, Excess Liability Coverage Agreement
