Common use of Maintenance of Primary Underlying Liability Insurance Clause in Contracts

Maintenance of Primary Underlying Liability Insurance. You must maintain in full effect Primary Underlying Liability insurance with minimum limits that meet the requirements of the ‘Required’ Primary Underlying insurance policies equal to those shown under the Declarations and Policy Application. If you do not, this policy will still be valid, but we will only be responsible for that portion of the ultimate net loss that exceeds the limits of liability required by the ‘Required’ Primary Underlying insurance policies.