Underlying Policy definition

Underlying Policy means the Underlying Policy or Policies specified in the Schedule and includes the Primary Policy.

Underlying Policy. — means a valid insurance policy in force with:

Underlying Policy means any of these title insurance owner’s or loan policies:

Examples of Underlying Policy in a sentence

• It is a condition precedent to any liability that at the time of the happening of any occurrence given rise to a loss in terms of this Coupon Policy there shall be in force the Underlying Policy covering the interest of the Insured in all the property insured by this Coupon Policy against loss or damage by fire.

• Any Reinstatement Value Conditions in the Underlying Policy shall be applicable to this Coupon Policy except insofar as it relates to Motor Vehicles.

• Any adjustment of Premium Clause or Condition in the Underlying Policy shall not be applicable to this Coupon Policy.

• Should the numbering in the Underlying Policy not correspond with the numbering of the Standard S.A.I.A. Exceptions the above references shall apply to the corresponding Exceptions in the Underlying Policy mutatis mutandis.

• In no event will this Policy grant broader coverage than would be provided by the Primary Policy or any Underlying Policy.

More Definitions of Underlying Policy

Underlying Policy means a policy listed as an underlying policy in the Declarations.

Underlying Policy means a policy providing

Underlying Policy means in relation to any Put Portfolio Asset the guarantee or insurance policy, if any, indicated as such in the Put Portfolio Annex.

Underlying Policy means the specified policy of insurance listed in Schedule A – Schedule of Underlying Insurance and listed in the Schedule above to which the “Designated Endorsement(s)” applies.

Underlying Policy means a policy providing “Underlying insurance” or any other applicable insurance.

Underlying Policy means the primary policy specified in the Schedule

Underlying Policy means a policy or contract any risk arising from which is reinsured by a reinsurer in a reinsurance arrangement, and “underlying policy holder” shall be construed accordingly.