Subscribing insurer Sample Clauses

The 'Subscribing insurer' clause defines the role and responsibilities of each insurer that participates in a syndicated insurance policy. In practice, this clause identifies each insurer by name and specifies the proportion of risk or liability they assume under the policy, often expressed as a percentage of the total coverage. This ensures that all parties understand which insurers are involved and the extent of their obligations, thereby clarifying accountability and facilitating the management of claims or premium payments.
Subscribing insurer. The insurers’ obligations under this policy are several and not joint and are limited solely to the extent of their individual subscriptions. The insurers are not responsible for the subscription of any co-subscribing insurer who for any reason does not satisfy all or part of its obligations. The proportion of liability under this contract underwritten by a company (or in the case of a Lloyd’s syndicate the total of the proportions underwritten by all the members of the syndicate taken together) is shown in this contract. In the case of a Lloyd’s syndicate each member of the syndicate (rather than the syndicate itself) is a company. Each member has underwritten a proportion of the total shown for the syndicate (that total itself being the total of the proportions underwritten by all the members of the syndicate taken together). The liability of each member of the syndicate is several and not joint with other members. A member is liable only for that member’s proportion. A member is not jointly liable for any other members’ proportion. Nor is any member otherwise responsible for any liability of any other Insurer that may underwrite this contract..
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Subscribing insurer. The insurers’ obligations under this policy are several and not joint and are limited solely to the extent of their individual subscriptions. The insurers are not responsible for the subscription of any co-subscribing insurer who for any reasons does not satisfy all or part of its obligations.
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Subscribing insurer. Our obligations under this policy are severable and not joint and are limited solely to the extent of our individual subscriptions. We are not responsible for the subscription of any co- subscribing insurer who for any reason does not satisfy all or part of its obligations.
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Subscribing insurer. The insurers’ obligations under this policy are several and not joint and are limited solely to the extent of their individual subscriptions. The insurers are not responsible for the subscription of any co-subscribing insurer who for any reason does not satisfy all or part of its obligations. The proportion of liability under this contract underwritten by an insurer (or in the case of a Lloyd’s syndicate the total of the proportions underwritten by all the members of the syndicate taken together) is shown in this contract. In the case of Lloyd’s syndicate each member of the syndicate (rather than the syndicate itself) is a company. Each member has underwritten a proportion of the total shown for the syndicate (that total itself being the total of the proportions underwritten by all the members of the syndicate taken together). The liability of each member of the syndicate is several and not joint with other members. A member is liable only for that member’s proportion. A member is not jointly liable for any other members’ proportion. Nor is any member otherwise responsible for any liability of any other Insurer that may underwrite this contract. Although reference is made at various points in this clause to “this contract” in the singular where the circumstances so require this should be read as a reference to contracts in the plural.
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Subscribing insurer. The insurers’ obligations under this policy are several and not joint and are limited solely to the extent of their individual subscriptions. The insurers are not responsible for the subscription of any co-subscribing insurer who for any reason does not satisfy all or part of its obligations. The proportion of liability under this contract underwritten by a company (or in the case of a Lloyd’s syndicate the total of the proportions underwritten by all the members of the syndicate taken together) is shown in this contract. In the case of a ▇▇▇▇▇’▇ syndicate each member of the syndicate (rather than the syndicate itself) is a company. Each member has underwritten a proportion of the total shown for the syndicate (that total itself being the total of the proportions underwritten by all the members of the syndicate taken together). The liability of each member of the syndicate is several and not joint with other members. A member is liable only for that member’s proportion. A member is not jointly liable for any other members’ proportion. Nor is any member otherwise responsible for any liability of any other Insurer that may underwrite this contract. 8 General definitions and interpretation The following words will have the same meaning attached each time they appear in this policy in bold type face, whether with a capital first letter or not. Where the context so admits or requires, words importing the singular will include the plural and vice versa and words importing the masculine will import the feminine and the neuter. References to 'a person' will be construed so as to include any individual, company, partnership, or any other legal entity. References to a statute will be construed to include all its amendments or replacements. All headings within the policy are included for convenience only and will not form part of this policy.
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Subscribing insurer. The insurers’ obligations under this policy are several and not joint and are limited solely to the extent of their individual subscriptions The insurers are not responsible for the subscription of any co-subscribing insurer who for any reason does not satisfy all or part of its obligations The following words will have the same meaning attached each time they appear in this policy in bold type face, whether with a capital first letter or not Where the context so admits or requires, words importing the singular will include the plural and vice versa and words importing the masculine will import the feminine and the neuter References to 'a person' will be construed so as to include any individual, company, partnership, or any other legal entity References to a statute will be construed to include all its amendments or replacements All headings within the policy are included for convenience only and will not form part of this policy 9.1 Australia
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Subscribing insurer. QBE’s obligations under this policy are several and not joint and are limited solely to the extent of their individual subscriptions. QBE are not responsible for the subscription of any co-subscribing insurer who for any reason does not satisfy all or part of its obligations.
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Related to Subscribing insurer

  • Qualifying Insurers For insurance to satisfy the requirements of this section, all required insurance must be issued by an insurer with an A.M. Best rating of A - or better that is approved to do business in the State of California.

  • Insurer The Insurer shall be bound only by the terms of the Policy. Any payments the Insurer makes or actions it takes in accordance with the Policy shall fully discharge it from all claims, suits and demands of all entities or persons. The Insurer shall not be bound by or be deemed to have notice of the provisions of this Agreement.

  • Policyholder The (legal) person(s) who takes out the insurance or his legal successor(s). The intentional or unintentional ending of one's own life.

  • Subcontractor Insurance In accord with Good Utility Practice, each Interconnected Entity shall require each of its subcontractors to maintain and provide evidence of insurance coverage of types, and in amounts, commensurate with the risks associated with the services provided by the subcontractor. Bonding of contractors or subcontractors shall be at the hiring Interconnected Entity’s discretion, but regardless of bonding, the hiring principal shall be responsible for the performance or non- performance of any contractor or subcontractor it hires.