Examples of Settling Insurer in a sentence
The Trust shall be established for the purposes of assuming liability of Protected Parties and Settling Insurer Entities for Channeled Claims and receiving, liquidating, and distributing Trust Assets in accordance with this Plan and the Trust Distribution Plan.
To ensure that such a reduction is accomplished, the Settling Insurer Entities shall be entitled to assert this provision as a defense to any action against them brought by any Other Insurer and shall be entitled to request that the court or appropriate tribunal issue such orders as are necessary to effectuate the reduction to protect the Settling Insurer Entities from any liability for the Related Insurance Claim.
Each Parish Settling Insurer and Seminary Settling Insurer is only required to pay the amount required by its respective Insurance Settlement Agreement.
It is intended that the channeling of the Channeled Claims as provided in this Section 14.3 shall inure to the benefit of the Protected Parties and Settling Insurer Entities.
Nothing in the foregoing is intended to suggest that such other insurers have such a claim against any Settling Insurer Entities.