Underlying Insurers definition

Underlying Insurers means the primary policy insurer and all insurers providing cover in excess of the primary policy insurer up to the Underlying Limit of Liability stated in the Schedule.

Underlying Insurers means the Primary Policy Insurer and all insurers providing indemnity in excess of the Primary Policy Insurer up to the Underlying Limit of Indemnity specified in The Schedule.

Underlying Insurers means the insurers set forth in Item 2(a) and Item 2(b) of the Schedule in respect of the Underling Policies (and each such insurer shall be an “Underlying Insurer”).

Examples of Underlying Insurers in a sentence

• All recoveries or payments recovered or received subsequent to payment of a loss under this policy shall be applied as if recovered or received prior to such payment and all necessary adjustments shall then be made between the Insurer, the Underlying Insurers and the Insured.

• The Underlying Insurance shall be maintained in full effect during the Period of Insurance except for any reduction of any aggregate Underlying Insurance solely by payment of Claims by the Underlying Insurers.

• Any amount recovered after payment under this Policy and any Underlying Insurance policies shall be apportioned among the Insurer and the Underlying Insurers net of the expense of such recovery in the reverse order of actual payment.

• The Insurer shall be entitled to and shall, upon request of the Insured, be given the right to full co-operation with the Underlying Insurers in their conduct in the defence or settlement of any Claim in excess of 25% of the Underlying Insurance.

• The bankruptcy, insolvency or inability to pay of any "Insured," or the bankruptcy, insolvency or inability to pay of any of the Underlying Insurers, will not relieve us f rom the payment of any "claim" or "suit" covered by this Policy.

More Definitions of Underlying Insurers

Underlying Insurers means the insurer(s) that have issued the Underlying Policies.

Underlying Insurers means all Primary Insurers and Underlying Excess Insurers as detailed in the Declarations.

Underlying Insurers means the insurers designated in the Underlying Policies section of the Schedule of Primary Insurance.

Underlying Insurers means the insurers of the Underlying Insurance.

Underlying Insurers means any or all of the companies that issued the policies of Underlying Insurance, as specified in ITEM 4 of the Declarations.

Underlying Insurers means the issuers of the Underlying Insurance.

Underlying Insurers means the insurer(s) of each respective Underlying Policy.