Underlying insurance definition

Underlying insurance means the DESIGNATED UNDERLYING POLICY and all insurances affording professional liability insurance coverage to any INSURED hereunder which are considered to be primary to this insurance, including without limitation, any such mandatory insurance coverage afforded any INSURED by any law society or other program, and any such non-mandatory insurances purchased as coverage or primary to (beneath) this POLICY coverage, but in no case shall include any insurance specifically acquired and stated to be in excess of this POLICY. Signed on behalf of Lawyers’ Professional Indemnity CompanyDaniel E. PinningtonDaniel E. PinningtonPresident and Chief Executive Officer Endorsement No . 1pollutIon exClusIonThis POLICY, subject to all its terms and conditions not in conflict with this endorsement, and further to Part III Exclusion (g), shall include the following:This insurance does not apply to:(a) damage arising out of the actual, alleged or threatened discharge, seepage, dispersal, release or escape of pollutants:

Underlying insurance means any policies of insurance listed in the Declarations under the Schedule of "underlying insurance".

Underlying insurance means the insurance coverage provided under policies shown in the Schedule of Underlying Insurance, or any additional policies agreed to by us in writing. It includes any policy issued to replace one of those policies during the term of this insurance that provides:

Examples of Underlying insurance in a sentence

• Provided however, this Policy shall recognize payment of such Loss by the Underlying Insurance as reducing or exhausting the limits of liability of the Underlying Insurance.

• It is a condition precedent to the attachment of liability of this Policy that the Underlying Insurance be maintained in full force and effect during the Policy Period.

• The Insurer shall be liable to pay Loss only after exhaustion of all of the limits of liability of the Underlying Insurance.

• If any Loss is subject to a sub-limit of liability under any Underlying Insurance, then coverage under this Policy shall not apply to such Loss.

• All notices required to be given to the insurers of the Underlying Insurance shall also be given to the Insurer in the same time and manner as required by the Primary Policy.

More Definitions of Underlying insurance

Underlying insurance means the primary policy and all policies providing cover in excess of the primary policy up to the Underlying Limit of Liability stated in the Schedule.

Underlying insurance means the insurance policies issued by the UNDERLYING INSURER that are listed in the SCHEDULE.

Underlying insurance means the policies or self-insurance shown in the Schedule Of Underlying Insurance, any replacements thereof and other policies purchased or issued for newly acquired or formed organizations. Policies purchased or issued replacements of policies or self-insurance listed in the Schedule Of Underlying Insurance or for newly acquired or formed organizations shall not be more restrictive than those listed in the Schedule Of Underlying Insurance. All “underlying insurance” shall be maintained by you in accordance with the Maintenance Of Underlying Insurance condition of this policy.

Underlying insurance means an existing insurance policy in force with

Underlying insurance means the Primary Policy and any Underlying Excess Policies.

Underlying insurance means any liability insurance policy

Underlying insurance means the Followed Policy and all other policies, if any, identified as such in the Schedule of Underlying Insurance attached hereto.