Underlying Insurers definition

Underlying Insurers means the primary policy insurer and all insurers providing cover in excess of the primary policy insurer up to the Underlying Limit of Liability stated in the Schedule.

Underlying Insurers means the Primary Policy Insurer and all insurers providing indemnity in excess of the Primary Policy Insurer up to the Underlying Limit of Indemnity specified in The Schedule.

Underlying Insurers means the insurers set forth in Item 2(a) and Item 2(b) of the Schedule in respect of the Underling Policies (and each such insurer shall be an “Underlying Insurer”).

Examples of Underlying Insurers in a sentence

• Any amount recovered after payment under this Policy and any Underlying Insurance policies shall be apportioned among the Insurer and the Underlying Insurers net of the expense of such recovery in the reverse order of actual payment.

• In the event the Underlying Limits are exhausted due to actual payment by the Underlying Insurers, this Policy shall continue in force as primary insurance; provided always that this Policy shall only pay excess of the retention or deductible amount set forth in the Followed Policy, which retention or deductible amount shall be applied to any subsequent Claim in the same manner as specified in the Followed Policy.

• The Insureds shall be deemed self-insured for the amount of the Underlying Limits which is not paid, for any reason, by the Underlying Insurers, and the Insureds shall pay said amount before any liability attaches to the Insurer.

• Notice of cancellation or non-renewal by any of the Underlying Insurers shall serve as notice of cancellation or non-renewal by the Insurer.

• In the event the Underlying Limits are partially reduced solely due to actual payment by the Underlying Insurers, this Policy shall continue as excess insurance over the reduced Underlying Limits.

More Definitions of Underlying Insurers

Underlying Insurers means all Primary Insurers and Underlying Excess Insurers as detailed in the Declarations.

Underlying Insurers means the insurer(s) that have issued the Underlying Policies.

Underlying Insurers means the insurers of the Underlying Insurance.

Underlying Insurers means the insurer(s) of each respective Underlying Policy.

Underlying Insurers means the respective insurers of the Underlying Policies.

Underlying Insurers means any or all of the companies that issued the policies of Underlying Insurance, as specified in ITEM 4 of the Declarations.

Underlying Insurers means the issuers of the Underlying Insurance.