Named Insured definition
Examples of Named Insured in a sentence
The insurer agrees to waive all rights of subrogation against Hall County Board of Commissioners (BOC), its elected or appointed officers, officials, agents, authorized volunteers, and employees for losses paid under the terms of this policy which arise from work performed by the Named Insured for Hall County BOC.
The insurer agrees to waive all rights of subrogation against Hall County Board of Commissioners (BOC), its elected or appointed officers, officials, agents, authorized volunteers and employees for losses paid under the terms of this policy which arise from work performed by the Named Insured for Hall County BOC; but this provision applies regardless of whether or not Hall County BOC has received a waiver of subrogation from the insurer.
The insurance requirements under this Agreement shall be the greater of (1) the minimum coverage and limits specified in this Agreement, or (2) the broader coverage and maximum limits of coverage of any insurance policy or proceeds available to the Named Insured.
However: a the knowledge possessed by any insured natural person who is a past or current chief executive officer, president or chief financial officer of the Named Insured shall be imputed to such Named Insured for the purpose of determining whether coverage is available under this Policy for any Claim made under this Policy made against the Named Insured; and b where the Named Insured is a company with a sole director the knowledge of the sole director shall be imputed to the Named Insured.
However, the Named Insured ▇▇▇▇▇▇ agrees to reimburse the Underwriters for the full amount of such Excess immediately upon request, unless the Named Insured is unable to do so solely by reason of insolvency.