Underlying Policy definition

Underlying Policy means the Underlying Policy or Policies specified in the Schedule and includes the Primary Policy.
Underlying Policy. — means a valid insurance policy in force with:
Underlying Policy means a policy providing

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.


More Definitions of Underlying Policy

Underlying Policy means a policy listed as an underlying policy in the Declarations.
Underlying Policy means any of these title insurance owner’s or loan policies:
Underlying Policy means in relation to any Put Portfolio Asset the guarantee or insurance policy, if any, indicated as such in the Put Portfolio Annex.
Underlying Policy means a policy providing" underlying insurance.
Underlying Policy means the specified policy of insurance listed in Schedule ASchedule of Underlying Insurance and listed in the Schedule above to which the “Designated Endorsement(s)” applies.
Underlying Policy has the meaning provided in the Administrative Services Agreement.
Underlying Policy means the primary policy specified in the Schedule