Examples of Underlying insurance in a sentence
Provided however, this Policy shall recognize payment of such Loss by the Underlying Insurance as reducing or exhausting the limits of liability of the Underlying Insurance.
It is a condition precedent to the attachment of liability of this Policy that the Underlying Insurance be maintained in full force and effect during the Policy Period.
The Insurer shall be liable to pay Loss only after exhaustion of all of the limits of liability of the Underlying Insurance.
If any Loss is subject to a sub-limit of liability under any Underlying Insurance, then coverage under this Policy shall not apply to such Loss.
All notices required to be given to the insurers of the Underlying Insurance shall also be given to the Insurer in the same time and manner as required by the Primary Policy.