Examples of Underlying Policies in a sentence
During the notification period, the Ceding Company may continue to cede and Generali USA will continue to accept pursuant Article I Underlying Policies covered under the terms of this Agreement.
If this condition is breached then this Policy shall automatically and immediately terminate with effect from the date when the Underlying Policies cease to be maintained or are deemed to have ceased to be maintained.
The Reinsured shall credit the Reinsurer with its share of all premiums and shall debit the Reinsurer with its share of all losses, allowances and loss adjustment expenses paid by the Reinsured under the Underlying Policies for the business reinsured under this Agreement.
While this Policy is in effect, the Insured agrees to maintain the Underlying Policies in full force and effect.
Notice given under any of the Underlying Policies shall not constitute notice under this Policy.