Insured Liability definition

Insured Liability means the Insured’s legal obligation to pay any Opponent’s Costs, Own Disbursements and Own Solicitor’s Fees in connection with the Dispute which the Insurer has agreed to indemnify up to the Limit of Indemnity specified in the Schedule.
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Insured Liability has the meaning set forth in Section 7.06(a).
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Insured Liability means the Insured’s legal obligation to pay any Other Side’s Costs and Own Disbursements, which the Insurer has agreed to indemnify up to the Limit of Cover specified in the Schedule.
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Examples of Insured Liability in a sentence

  • A motion was made to accept the Draft Actuarial Studies of the Self Insured Liability Program and to finalize the report for presentation to the Board of Directors.

  • If the breach does not have a material effect on the Insurer, the Insurer will pay the Insured Liability up to the date of cancellation and the Insured will be liable to pay the Premium in accordance with clause 5 should a Successful Outcome be achieved.For the avoidance of doubt the Premium payable in such circumstances will be calculated in accordance with clause 5.3 as if a Successful Outcome had been achieved at the date of cancellation.

  • Insured Liability of Specialty CropsSource: Keith Collins, “Crop Insurance & Specialty Crops,” Crop Insurance Today, August 2012, pp.

  • If the Insurer cancels this Policy pursuant to clause 4.1 and the breach has materially affected the Insurer, the Insurer will not pay the Insured Liability.

  • These detailed simulations take into account all the energy-using components in a building, at early-stage of the design.

  • Management of Potentially Insured Liability Claims (§§ 10-30); Chapter 3.

  • A limited reopener for wages will be triggered by either of the following: • The Board adopts an ISF (Internal Sendee Fund) policy/action (for Self Insured Liability or Self Insured Workers' Compensation as referenced on page 27 of the Harvey Rose Report dated May 13, 2009) which reduces confidence levels of the insurance programs to 60% or lower.

  • Co-operate fully with Us to assist Us to recover any payments We have made onYour behalf in respect of Your Insured Liability.

  • Policy or Policies to be Issued: 2006 ALTA Extended Owners PolicyOrder No.: A-105107Amendment 1 Proposed Insured: Liability: Premium:TBD $1.00 $945.00 Proposed Insured: Liability: Premium:$0.00 3.

  • Expanded definition.1.7 Limit of Indemnity (New)1.10 Policy (New)1.12 Retroactive Date (New)Section 2 – COVERAGE2.1 Insured Liability – omitted reference to ACC, which has been moved to exclusion 4.1 ACC2.3 Defence Costs – the policy now provides cover for defence costs in addition to the Limit of Indemnity.


More Definitions of Insured Liability

Insured Liability. The Tenant’s legal obligation in respect of bodily injury and/or damage to property which is likely to be caused to the body or property of any person.
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Related to Insured Liability

  • Secured Liabilities means all liabilities which the Borrower, the Security Parties or any of them have, at the date of this Agreement or at any later time or times, under or by virtue of the Finance Documents or any judgment relating to the Finance Documents; and for this purpose, there shall be disregarded any total or partial discharge of these liabilities, or variation of their terms, which is effected by, or in connection with, any bankruptcy, liquidation, arrangement or other procedure under the insolvency laws of any country;

  • BRRD Liability means a liability in respect of which the relevant Write Down and Conversion Powers in the applicable Bail-in Legislation may be exercised.

  • Insured Risks means fire lightning explosion earthquake storm tempest flood subsidence landslip heave impact terrorism bursting or overflowing of water tanks and pipes earthquake damage by aircraft and other aerial devices or articles dropped there from riot and civil commotion labour disturbance and malicious damage and such other risks as the Academy Trust insures against from time to time subject in all cases to any exclusions or limitations as may from time to time be imposed by the insurers or underwriters;

  • Insured Loss means damage or destruction to the Premises, other than Lessee-Owned Alterations and Utility Installations and Trade Fixtures, which was caused by an event required to be covered by the insurance described in Paragraph 8.3(a) irrespective of any deductible amounts or coverage limits involved.

  • D&O Liability Insurance Policies means all insurance policies (including any “tail policy”) of any of the Debtors for liability of any current or former directors, managers, officers, and members.

  • Co-insurance means the percentage of the usual, reasonable, customary, and fair market value expense that a covered person must pay.

  • Insurance means (i) all insurance policies covering any or all of the Collateral (regardless of whether the Collateral Agent is the loss payee thereof) and (ii) any key man life insurance policies.

  • Liability means any liability (whether known or unknown, whether asserted or unasserted, whether absolute or contingent, whether accrued or unaccrued, whether liquidated or unliquidated, and whether due or to become due), including any liability for Taxes.

  • Insured as used in this Part means:

  • Products Liability means:Your legal liability in respect of Personal Injury and/or Property Damage caused by or arising out of any Products or the reliance upon a representation or warranty made at any time with respect to such products; but only where such Personal Injury and/or Property Damage occurs away from premises owned or leased by or rented to You and after physical possession of such products has been relinquished to others.

  • Insurance Contract means a contract (other than an Annuity Contract) under which the issuer agrees to pay an amount upon the occurrence of a specified contingency involving mortality, morbidity, accident, liability, or property risk.

  • Sum Insured means the sum as specified in the Schedule to this Policy against the name of Insured / each Insured Person, which sum represents the Company's maximum liability for any or all claims under this Policy during the Policy period for the respective benefit(s) against which the sum is mentioned in the Schedule to this Policy.

  • Self-insured retention means the individual own risk employer's or group self-insurance association's retained amount of risk under a specific excess insurance policy, before the liability is transferred to an insurance carrier.

  • FHA Insurance means the Federal mortgage insurance authorized pursuant to Section 220, 221(d)(3), 221 (d)(4) or 223(f) of Title II of the National Housing Act of 1934, as amended.

  • Casualty shall have the meaning set forth in Section 6.2 hereof.