Co-Insurance Clauses

CO-INSURANCE CLAUSES #

This insurance is Co-Insurance among the under mentioned insurance companies who by signature here to each by themselves and not one for the other severally and independently have the rights and assume the liabilities in proportion  to their respective shares as mentioned below.

P.T. _______________ as the representative of the Co-Insurers shall attend to all matters connected with this Co-Insurance including collection of insurance premium and processing of claims and payment of claims which is collected from each Co-Insurer.

Any agreement of decision which may be made between the Insured and P.T. _______________  in connection with this Co-Insurance shall be final and binding upon the Co-Insurers with exception that any increse of liability over and above the initial maximum limit liability will be subject to prior agreement of Co-Insurers.

Any notice which  may be given by Insured to P.T. _______________ in writing or otherwise shall be deemed to be given all Co-Insurers.

Name of Co-Insurance and their respective share :