Common Contracts
1 similar Excess of Original Policy Limits contracts
BRMA 15 A EXCESS OF ORIGINAL POLICY LIMITSExcess of Original Policy Limits • November 27th, 2020
This Contract shall protect the Company, within the limits hereof, in connection with ultimate net loss in excess of the limit of its original policy, such loss in excess of the limit having been incurred because of failure by it to settle within the policy limit or by reason of alleged or actual negligence, fraud, or bad faith in rejecting an offer of settlement or in the preparation of the defense or in the trial of any action against its insured or reinsured or in the preparation or prosecution of an appeal consequent upon such action.
