Pre-Claim Inquiry definition
Examples of Pre-Claim Inquiry in a sentence
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.
The Insurer will pay the Pre-Claim Inquiry Costs of each Insured Person arising from a Pre-Claim Inquiry.
Pre-Claim Inquiry shall not include any routine or regularly scheduled regulatory or internal supervision, inspection, compliance, review, examination, production or audit, including any request for mandatory information from a regulated entity, conducted in a Company’s and / or Official Body’s normal review or compliance process.
If an Insured Person elects to seek coverage under INSURING AGREEMENT II in connection with a Pre-Claim Inquiry, no Pre-Claim Expense arising from such Pre-Claim Inquiry may be incurred without the Insurer’s prior consent, which will not be unreasonably withheld or delayed.
Pre-Claim Inquiry Costs, Assets and Liberty Protection Costs, and Extradition Costs.
Any Pre-Claim Inquiry made to, or any Custodial Detention of, any Insured Person during the Extended Reporting Period will be deemed made or occurring during the Policy Period, subject to sections V.
Furthermore, if a Claim or Pre-Claim Inquiry is made against an Insured Person by the Company, the Insurer shall have no duty or obligation to communicate with any other Insured Person or the Company in relation to that Claim or Pre-Claim Inquiry.
The Insured Persons will have the duty to defend any Claim made against, or Pre-Claim Inquiry or Custodial Detention of, them.
In the event of a Claim, Pre-Claim Inquiry, or Custodial Detention, the Insured Persons will do nothing that may prejudice such rights.
FORMER INDEPENDENT DIRECTOR COVERAGE, Independent Director, to give the Company timely notice of any Claim, Custodial Detention, or Pre-Claim Inquiry will not, for purposes of this Policy, result in a forfeiture of coverage under this Policy, unless and to the extent that the Company is prejudiced by such delay.