Inquiry Costs definition
Examples of Inquiry Costs in a sentence
If the Insureds elect to seek coverage for Inquiry Costs in connection with an Inquiry, the Insureds shall give to Coverage Provider notice in writing of such Inquiry, but in no event later than sixty (60) days after the end of the Coverage Guidelines Period, the Predetermined Run-Off Period or the Optional Extension Period (if purchased).
Any negotiated, arbitrated or judicially determined allocation of Costs, Charges and Expenses or Inquiry Costs on account of a Claim, Investigation or Inquiry shall be applied retroactively to all Costs, Charges and Expenses or Inquiry Costs on account of such Claim, Investigation or Inquiry, notwithstanding any prior advancement to the contrary.
The Insurer will pay the Pre-Claim Inquiry Costs of each Insured Person arising from a Pre-Claim Inquiry.
Coverage Provider shall advance the amount of Costs, Charges and Expenses or Inquiry Costs which they deem fair and proper until a different amount is negotiated by the parties, determined pursuant to the arbitration process set forth in subparagraph C.
If the Insurer’s prior written consent cannot reasonably be obtained before Defence Costs or Pre-Claim Inquiry Costs are incurred, then the Insurer shall give retrospective approval for such reasonable costs, subject to the Sub- Limit specified in Item 5 of the Schedule.