ACTION AGAINST THE UNDERWRITERS. No action shall lie against the Underwriters or the Underwriters' representatives unless and until, as a condition precedent thereto, the Insured shall have fully complied with all provisions, terms and conditions of this Insurance and the amount of the Insured’s obligation to pay shall have been finally determined either by judgment or award against the Insured after trial, regulatory proceeding, arbitration or by written agreement of the Insured, the claimant, and the Underwriters. No person or organization shall have the right under this Policy to join the Underwriters as a party to an action or other proceeding against the Insured to determine the Insured’s liability, nor shall the Underwriters be impleaded by the Insured or the Insured’s legal representative. The Insured’s bankruptcy or insolvency or of the Insured’s estate shall not relieve the Underwriters of their obligations hereunder.
ACTION AGAINST THE UNDERWRITERS. No action shall lie against the Underwriters unless, as a condition precedent thereto, there has been full compliance with all terms of this insurance, nor until the amount of the Insured's obligation to pay shall have been finally determined either by judgment or award against the Insured after actual trial, Regulatory Proceeding or arbitration or by written agreement of the Insured, the claimant and the Underwriters. No person or organization shall have any right under this insurance to join the Underwriters as a party to an action or other proceeding against the Insured to determine the Insured's liability, nor shall the Underwriters be impleaded by the Insured or its legal representative.
ACTION AGAINST THE UNDERWRITERS. A. No action shall lie against the Underwriters unless, as a condition precedent thereto, the INSURED has fully complied with all the terms of this policy, nor until the amount of the INSURED’s obligation to pay has been finally determined either by judgment against the INSURED after actual trial or by written agreement of the INSURED, the claimant and the Underwriters. Any person or organization or the legal representative thereof who has secured such judgment or written agreement will thereafter be entitled to recover under this policy to the extent of the insurance afforded by this policy.
ACTION AGAINST THE UNDERWRITERS. No action will lie against the insurer or the insurer's representatives unless and until, as a condition precedent, the insured has fully complied with all provisions, terms and conditions of this Policy and the amount of the insured’s obligation to pay has been finally determined either by judgment or award against the insured after trial, regulatory proceeding, arbitration or by written agreement of the insured, the claimant, and the insurer. No person or organization will have the right under this Policy to join the Underwriters as a party to an action or other proceeding against the insured to determine the insured’s liability, nor will the Underwriters be impleaded by the insured or the insured’s legal representative. The insured’s bankruptcy or insolvency of the insured’s estate will not relieve the Underwriters of their obligations hereunder.
