Examples of Underlying Policy in a sentence
It is a condition precedent to any liability that at the time of the happening of any occurrence given rise to a loss in terms of this Coupon Policy there shall be in force the Underlying Policy covering the interest of the Insured in all the property insured by this Coupon Policy against loss or damage by fire.
Any Reinstatement Value Conditions in the Underlying Policy shall be applicable to this Coupon Policy except insofar as it relates to Motor Vehicles.
Any adjustment of Premium Clause or Condition in the Underlying Policy shall not be applicable to this Coupon Policy.
Should the numbering in the Underlying Policy not correspond with the numbering of the Standard S.A.I.A. Exceptions the above references shall apply to the corresponding Exceptions in the Underlying Policy mutatis mutandis.
In no event will this Policy grant broader coverage than would be provided by the Primary Policy or any Underlying Policy.