Underlying Policy definition
Examples of Underlying Policy in a sentence
In no event will this Policy grant broader coverage than would be provided by the Primary Policy or any Underlying Policy.
Upon satisfaction of these conditions, the resultant Underlying Policy becomes a Reinsured Policy.
The Named Insured or the Company hereon shall have the right to cancel this Policy in accordance with the cancellation provisions of the Lead Underlying Policy.
The Ceding Company will not cede an Underlying Policy to Generali USA unless the amount to be reinsured at issue exceeds the Initial Minimum Cession amount shown in Schedule A.
Where an Underlying Policy other than the Primary Policy does not continue in full force and effect (other than by reason of erosion) such policy shall be deemed for all purposes of this Policy to have been maintained.