Insurer’s rights. 3.4.1 The insurer will be under no obligation to investigate any potential claims or to undertake the conduct of any proceedings in connection with such claims and will be at liberty in all cases to leave the conduct of such proceedings wholly to the insured upon such conditions as regards the payment of opponent’s costs and with such liberty to bind the insurer by compromise as the insurer may in its absolute discretion determine.
3.4.2 The insurer may at any time pay the limit of indemnity (after deduction of any sums already paid) or such lesser sum for which the claim can be settled and will relinquish the conduct and control of the claim and be under no further liability.
Insurer’s rights. The Insured must produce for examination, at any time and at a place designated by the Insurer or the Insurer’s representatives, any and all such documents in whatever medium as may be reasonably required which relate to any matter arising out of the Policy. The Insured will allow extracts and copies to be taken without charge and will take all reasonable steps to obtain such documents that are in the possession or control of third parties. Where documents submitted in support of a claim are in a language other than English, the Insured will at their expense provide a certified translation into English if so required by the Insurer.
Insurer’s rights. 9.7.1 The insurer’s preferred intention is to investigate any potential claim and to undertake the conduct of any proceedings in connection with such claims on behalf of the insured. It is one of the services offered and provided by this policy. However, there may be occasions, for example, in relation to potential proceedings in North America, when this is not appropriate.
Insurer’s rights. The Insured shall, at the request and the expense of the Insurers, do and concur in doing all such acts and things as the Insurers may reasonably require with a view to recovery of Damaged Insured Property or to preserve and enforce any rights the Insured may have against anyone in respect of Damage to Insured Property or liability for Personal Injury, Property Damage or Advertising Injury.
Insurer’s rights. 12.3.1 It is our preferred intention to investigate any potential claim and to undertake the conduct of any proceedings in connection with such claims on your behalf. It is one of the services we offer when you buy your policy. However, there may be rare occasions, especially in relation to potential proceedings in North America, when this is not appropriate.
12.3.2 In such cases we have the right not to, and shall be under no obligation to, investigate any potential claims or to undertake the conduct of any proceedings in connection with such claims but will be free to leave the conduct of such proceedings wholly with you.
Insurer’s rights. 3.4.1 The insurer has the right but not the duty to assume charge of and conduct in name of the insured and / or to associate in the investigation of any insured loss and / or the defence and / or settlement of any claim or suit brought against the insured that the insurer considers could give rise to liability under this policy as the insurer consider appropriate.
3.4.2 The insurer shall have no duty to investigate any potential or actual insured loss or to defend any claim or suit on behalf of the insured to which this policy does not apply.
3.4.3 The insurer shall have no obligation to investigate any insured loss or defend or settle any claim or suit or incur any costs and expenses once the limit of indemnity of this policy has been exhausted by payment of judgments, settlements or claimant costs recoverable from insured.
3.4.4 The insurer is under no obligation to automatically follow settlements in discharge of the liability of the insurers of the underlying insurance.
3.4.5 The insurer may at any time pay the limit of indemnity of this policy (less any amounts already paid or incurred) or any lesser amount for which at the insurer’s absolute discretion all claims arising out of an insured loss can be settled. The insurer will then relinquish control of such claims and be under no further liability in respect thereof.
Insurer’s rights. Notwithstanding any other provisions of this Article VIII, if there has been filed with the Trustee a Bond Insurance Policy, or a certified copy thereof, with respect to any Obligation, provided the Bond Insurer is not in default under such Bond Insurance Policy, the Bond Insurer shall be entitled (i) upon the occurrence and continuance of any Event of Default, to exercise, control and direct the enforcement of all rights and remedies under this Master Trust Agreement granted to the Owners of Obligations entitled to the benefit of such Bond Insurance Policy or the Trustee for the benefit of such Owners under this Master Trust Agreement and direct the Trustee to take any actions in connection therewith and (ii) to grant any consent, direction or approval or take any action expressly permitted by or required under this Master Trust Agreement to be granted or taken by the Owners of Obligations entitled to the benefit of such Bond Insurance Policy, except with respect to the Unanimous Voting Matters. In such event, the Bond Insurer shall be deemed to be the Owner of Obligations entitled to the benefit of the related Bond Insurance Policy for such purposes. Any Bond Insurer under a Bond Insurance Policy, or certified copy thereof, which has been filed with the Trustee and is then in effect shall, for all purposes of this Master Trust Agreement, constitute and may be called a Bond Insurer of record.
Insurer’s rights. Subject to payment of the actual value of a damaged item by Insurers, they may at their discretion take over ownership of the property. No property may be abandoned to Insurers.
Insurer’s rights. The Insurer has all the rights under the Contract it had before I assigned it to you. The Insurer may deal with you as if you were the only owner of the Contract. For example, the Insurer may make any payments called for by the Contract to you alone and without my permission.
Insurer’s rights. Receive insurance premiums and excess premiums that, in the terms of the contract, are owed to it by the Policyholder. Demand that the Policyholder and the Insured Person comply with the formalities that in the terms agreed are necessary to complete the Insurance contract and for correct compliance with the contract, namely: The signature of the Policyholder and the Insured Person on the proposal submitted, as well as on all documents that alter or explain the contractual conditions established; The name of the Beneficiary given expressly by the Insured Person and notified by the Policyholder. Be informed by the Policyholder and by the Insured Person of all facts and circumstances that may influence the capacity to analyse and decide on the risk acceptance conditions being proposed. Refuse acceptance of an Insurance in which it has no interest. Exercise the rights assigned to it in the terms of the contract. Demand that the Policyholder, the Insured Person or the Beneficiaries, comply with the formalities that, in the terms of the contract, are required for the correct assessment, contractual framework and settlement of payments to which it is bound by the respective guarantees coming into force. Be informed, throughout the time the contract is in force, of any changes to the professional and occupational activities of the Insured Person that may have an effect on contractual guarantees.
