Common use of Insurer security Clause in Contracts

Insurer security. The insurers we use are regulated and are required to have adequate capital resources. However, we cannot guarantee the solvency of any insurer we place business with. An insolvent insurer may be unable to pay claims or may be unable to pay them in full and you may have to pay a further premium to pay for alternative insurance cover.

Insurer security. The insurers we use are regulated and are required to have adequate capital resources. However, we cannot guarantee the solvency of any an insurer we place business with. An insolvent insurer may be unable to pay claims or may be unable to pay them in full and you may have to pay a further premium to pay for alternative insurance cover.