Insurer’s Response Sample Clauses
Insurer’s Response. As soon as reasonably practicable after the Insurer receives a Claim Notice, but in any event no more than 25 Business Days after the Claim Notice is delivered to the Insurer by the Named Insured, the Insurer shall respond in writing by:
6.5.1 Acknowledging or denying cover for the Loss claimed or the claimed erosion of the Retention (and in the case where the Insurer has wholly or partially denied or declined the claimed Loss or the claimed erosion of the Retention, the Insurer shall specify the reasons for such denial or declinature); and
6.5.2 In the case of a Claim Notice of any facts, matters, circumstances or events which could reasonably be expected to give rise to Loss, by acknowledging receipt of that Claim Notice and recording it as a notification of a circumstance which could reasonably be expected to give rise to a Policy Claim or to contribute to the erosion of the Retention. If the Insurer is not in a position to reasonably determine whether (or the extent to which) the Loss is covered by this Policy or the Retention is eroded within the period specified in this Clause 6.5, the Insurer shall promptly request in writing such additional information, documents and other cooperation and assistance as it may reasonably require from the Insureds (such notice provided with reasonable detail), and following receipt of such information, the time limit in this Clause 6.5 shall apply from the beginning.
Insurer’s Response. As soon as reasonably practicable after the Insurer receives a Claim Notice, the Insurer shall respond by acknowledging or denying cover for the Loss claimed for or, if the Insurer is not able to determine whether (or the extent to which) the Loss is covered by this Policy, by requesting such additional information as it may reasonably require from the Insured.
Insurer’s Response. (a) As soon as reasonably practicable, and in each case no later than 45 days after the Insurer receives a Claim Notice, the Insurer shall respond by acknowledging or denying the claimed Loss or claimed erosion of the Retention (including detailed reasons in the case where the Insurer has denied claimed Loss or claimed erosion of the Retention). The Insurer shall use commercially reasonable efforts to respond to any Claim Notice in a reasonably prompt and timely manner which provides the Insured sufficient time to satisfy any litigation or response deadlines of which the Insurer is made aware that relate to the subject matter of the Claim Notice.
(b) If the Insurer cannot determine a final cover position on the information provided in a Claim Notice within the period specified in Clause 6.6(a), then the Insurer shall promptly request such additional information as it may reasonably require from the Insured in order to fully assess the Policy Claim, and following receipt of which additional information the time limit in Clause 6.6(a) shall apply.