Maintenance of Underlying Insurance. You must maintain each and every type of insurance policy shown on the schedule of underlying insurance attached to this policy. You must maintain those policies for the full term of this insurance contract and for no lesser limits than those shown on the schedule; except for reductions in aggregate limit(s) due to payment of covered claims for bodily injury, property damage, personal injury and advertising injury. You must give us written notice of any change in the underlying insurance with respect to coverage, limits of insurance or liability, termination of any coverage or exhaustion of any aggregate limit(s). In the event that you fail to comply with these terms, we will pay any covered loss only to the extent that we would be legally obliged to had you been in full compliance with this agreement.
Maintenance of Underlying Insurance. You must maintain the "underlying insurance" at the full limits stated in the Declarations and with no change to more restrictive conditions during the term of this policy. If any "underlying insurance" is canceled or not renewed and not replaced, you must notify us at once. If you fail to maintain "underlying insurance", we will not be liable under this policy for more than we would have been liable if that "underlying insur- ance" was in effect.
Maintenance of Underlying Insurance. This insurance will apply as if the "underlying insurance" is in effect, if:
a. You have reduced such coverage or failed to keep it in effect,
b. Coverage has been denied or reduced due to the "insured’s" failure to comply with the policy conditions, or
c. The underlying insurer is bankrupt or insolvent.
Maintenance of Underlying Insurance. 1. All of the Underlying Insurance shall be maintained during the Bond Period in full effect. In the event the Underlying Insurance is not so maintained, the Insurer shall not be liable under this Bond earlier or to any greater extent than it would have been if such Underlying Insurance had been maintained. The Insurer shall be notified in writing as soon as practicable if any Underlying Insurance is terminated or cancelled during the Bond Period.
2. No amendment to the Primary Bond during the Bond Period shall broaden or extend coverage under this Bond unless the Insurer evidences its intent to follow form to such amendment by written endorsement or rider hereto. The Insurer shall be notified in writing as soon as practicable of any amendment to the Primary Bond.
Maintenance of Underlying Insurance. “You” agree to maintain in full force and effect during the term of this policy the forms of coverage, for the amounts of insurance as listed, on the “Declaration Page” as “underlying insurance”. Failure to maintain any part or all of the “underlying insurance” for:
i. other than “automobile” shall not invalidate this policy, but in the event of any such failure, “we” will be liable only to the same extent, as “we” would have been had “you” maintained the “underlying insurance” listed;
Maintenance of Underlying Insurance. As a condition precedent to coverage under this Excess Policy, the Insured shall maintain the Underlying Policies with the terms set forth in the Declarations and as of the inception of this Excess Policy. In the event of the failure to maintain any of the Underlying Policies, the Company shall not be liable under this Excess Policy to any greater extent than it would have been had such Underlying Polices been maintained. To the extent that any Underlying Limit of Liability is not maintained in full effect during this Policy Period, the Insureds shall be deemed to be self-insured for the amount of the Limit of Liability of the Underlying Limit of Liability which is not maintained as set forth above. Further, in the event any of the insurers of the Underlying Policies fails to pay any amounts due in connection with a covered Claim as a result of bankruptcy, insolvency or liquidation, then the Insured shall be deemed self-insured for the amount of the Limit of Liability of said Policy or Policies.
Maintenance of Underlying Insurance. 1. The Underlying Insurance shall be maintained during the Policy Period in full effect except for reduction or exhaustion of the Limit(s) of Liability of the Underlying Insurance as a result of actual payments thereunder. In the event a policy of Underlying Insurance is not so maintained, the Insurer shall not be liable under this Policy earlier or to any greater extent than it would have been if such policy had been maintained. The Insurer shall be notified in writing as soon as practicable if any Underlying Insurance is terminated or cancelled during the Policy Period.
2. No amendment to the Underlying Insurance during the Policy Period shall broaden or extend coverage under this Policy unless the Insurer evidences its intent to follow form to such amendment by written endorsement or rider hereto. The Insurer shall be notified in writing as soon as practicable of any amendment to the Underlying Insurance and any additional or return premium charged or allowed in connection with the Underlying Insurance.
Maintenance of Underlying Insurance. 4.18.1 The underlying insurance shall be maintained in full force and effect during the currency of this policy except for any reduction of any aggregate limits contained therein solely by payment of claims thereunder and shall not be cancelled or otherwise allowed to lapse without prior notice to insurer.
4.18.2 No amendments to the underlying insurance shall form part of this policy until agreed in writing or by electronic medium by the insurer.
Maintenance of Underlying Insurance. All Underlying Insurance shall be maintained during the Policy Period in full effect and affording coverage at least as broad as the Primary Policy, except for any depletion of the limits of liability of such Underlying Insurance. Failure to comply with the foregoing shall not invalidate this Policy but Underwriters shall not be liable to a greater extent than the most restrictive Underlying Insurance had it been so maintained.
Maintenance of Underlying Insurance. “You” must maintain the “underlying insurance” in full force and effect during the term of this policy. If any “underlying insurance” is canceled or not renewed and not replaced or is at any time materially changed in “limits” or coverages, “you” must notify “us” at once. “We” will not be liable under this policy for more than “we” would have been liable if that “underlying insurance” had not been terminated or had been kept at its original “limits” or coverages. Reduction or exhaustion of any aggregate “limit” in any “underlying insurance” by payments for judgments, settlements, or expenses for “occurrences” or offenses during the policy period of this policy will not be a failure to maintain “underlying insurance” in full force and effect. No statement contained in this condition limits “our” right to cancel or not renew this policy.
