Examples of Excess policy in a sentence
Any Excess Policy or Deductible Buy-Back Policy that requires individual ratemaking, as determined by the FHCF.
This Agreement shall protect the Company where the Ultimate Net Loss includes Extra Contractual Obligations or Excess Policy Limits.
Any Excess Policy or Deductible Buy-Back Policy that requires individual ratemaking.
Furthermore, the Reinsurer shall be liable for their share of the Reinsured’s claims related Extra Contractual Obligations and claims related Excess Policy Limits Liability in accordance with the Original Reinsurance Contracts.
AISLIC, Gulf and the Insured Defendants agree that this Agreement shall not constitute, nor be construed as: (i) an admission by AISLIC, Gulf or the Insured Defendants of any liability by any of the Insured Defendants in connection with the Action; (ii) an admission by AISLIC that it has any liability for coverage under the AISLIC Primary Policy; or (iii) an admission by Gulf that it has any liability for coverage under the Gulf Excess Policy.
Except as provided in this Agreement, by entering into this Agreement, XXXX agrees that MID-CONTINENT is relieved of any and all responsibility under the Primary Policy and the Excess Policy for the Wildfires.
Once this right has been exercised and the Company has issued the Reinstatement Excess Policy in accordance therewith, there shall be no right to purchase a further or additional reinstatement of the Limit of Liability.
The reinstatement shall be effected by issuance of an excess policy ("Reinstatement Excess Policy") which shall follow the form of this Policy, except as otherwise provided herein.
The limit of liability in the Reinstatement Excess Policy shall be equal to the Limit of Liability set forth in Item 3 of the Declarations.
XXXX has requested that MID-CONTINENT enter into this Agreement, and it understands the implications on its right to receive defense and indemnity benefits under the Primary Policy and the Excess Policy, and it understands the implications of this Agreement.