Primary Policy definition

Primary Policy means the policy or guarantee issued by a mortgage guaranty insurance company approved for insurance of mortgage loans sold to either the Federal National Mortgage Association ("Fannie Mae"), or the Federal Home Loan Mortgage Corporation ("Freddie Mac"), which provides the minimum coverage required by Section 5.14 hereof, and under a form of policy approved by Fannie Mae or Freddie Mac and in general use for the mortgage loans sold to Fannie Mae or Freddie Mac, as applicable. Upon the Company's request, from time to time, the Insured shall provide to the Company a copy of the form of each Primary Policy under which it obtains coverage. 1.32
Primary Policy means the Primary Policy specified in the Schedule.

Examples of Primary Policy in a sentence

  • All notices required to be given to the insurers of the Underlying Insurance shall also be given to the Insurer in the same time and manner as required by the Primary Policy.

  • Terms defined in the Primary Policy are used in this Policy with the same meaning as assigned to them in the Primary Policy.

  • Except as otherwise stated herein, coverage under this Policy shall be subject to the same terms, conditions and limitations afforded by the Primary Policy.


More Definitions of Primary Policy

Primary Policy means the specific policy identified as the "Primary Policy" under the applicable Insurance Product listed in Endorsement No. 1 to this Policy.
Primary Policy means the policy scheduled as such in ITEM 4 of the Declarations.
Primary Policy means the policy identified in Item 4.(A) of the Declarations.
Primary Policy means the policy identified at Item 5(a) of the Schedule or any policy(ies) issued in substitution thereof.
Primary Policy means the policy identified in Item 4 of the Declarations.
Primary Policy. Means the primary layer Certificate of Insurance of $2,000,000 issued to the Insured (for the Period of Insurance stated in this Policy Schedule), by Legal Practitioners Liability Committee established under the Legal Profession Act 2004 (Vic).
Primary Policy contain a provision confirming that the policy is primary without right of contribution, and the liability of the insurers will not be affected by any other insurance of which any Additional Insured may have the benefit so as to reduce the amount payable to the additional insureds under such policies;