Common use of Multiple underwriters Clause in Contracts

Multiple underwriters. Where the insurance is underwritten jointly with any other insurer: (a) the Insurer shall be severally liable only for its respective proportion of liability as set out in the Schedule; and (b) in addition to the proportionate limit on Defence Costs in accordance with clause 2.3, the Insurer’s liability for Defence Costs shall be further limited to the extent or proportion of the Insurer’s liability (if any) in relation to the relevant Claim. Where the insurance is written jointly with any other insurer on an excess of loss basis, and the Insurer is writing one of the excess layers, the provisions of Part 3 shall apply.

Multiple underwriters. Where the insurance is underwritten jointly with any other insurer: (a) the Insurer shall be severally liable only for its respective proportion of liability as set out in the Schedule; and (b) in addition to the proportionate limit on Defence Costs in accordance with clause 2.3, the Insurer’s Insurer‘s liability for Defence Costs shall be further limited to the extent or proportion of the Insurer’s Insurer‘s liability (if any) in relation to the relevant Claim. Where the insurance is written jointly with any other insurer on an excess of loss basis, and the Insurer is writing one of the excess layers, the provisions of Part 3 shall apply.