Examples of Named Insured in a sentence
However, insurance or reinsurance other than this policy purchased by the Named Insured or by its Assured's wholly-owned insurance Subsidiary shall be considered other insurance or reinsurance and shall reduce the amount payable under this policy.
A weekly renter is required to show proof of insurance with a minimum general liability coverage of $2,000,000 with CCCC shown as an Additional Named Insured and include full participant coverage.
In case of any payment hereunder, the Underwriter will act in concert with all other interests (including the Named Insured and its Assured) concerned, in the exercise of rights of recovery (with expenses thereof, including attorneys’ fees, being shared by the Underwriter in the ratio that their portion of the Ultimate Net Loss bears to the total Ultimate Net Loss).
The policy limits and deductibles applicable to all policies of the Named Insured with the Underwriter shall be set forth on the Policy Declaration.
This insurance shall be in excess of any other valid and collectible insurance and shall not apply until all such other insurance has been exhausted unless and until the Named Insured specifies and submits to the Underwriter, in writing, those insurance policy(ies) or specified coverage(s) or amount(s) of coverage(s) thereunder which shall be in excess of this insurance and the Underwriter has evidenced the receipt thereof by the issuance of Endorsement 5 to the Named Insured.