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 a policy listed as an underlying policy in the Declarations.

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

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 each policy listed in the Schedule of Underlying Insurance forming a part of this policy and any other applicable underlying insurance, including any self‐insured retentions.

Underlying Policy means all insurance policies, including the “primary policy” that provide coverage for the same perils insured herein and that attach at a layer below the attachment point of this policy, including all applicable deductibles and self-insured retentions.

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

Underlying Policy means the formal contract-document (Proposal Form) issued by Insurance Company to the Insured that (1) puts an indemnity cover into effect, (2) serves as a legal evidence of the insurance agreement, (3) sets out the exact terms on which the indemnity cover has been provided, and (4) states associated information such as the (a) specific risks and perils covered, (b) duration of coverage, (c) amount of premium, (d) mode of premium payment, and (e) deductibles, if any. The Underlying Policy shall in this instance mean a short term insurance policy that provides for Replacement Vehicle Hire in the event of the occurrence of an Insured Event as described in the Underlying Policy.