Opinion ID: 4560744
Heading Depth: 3
Heading Rank: 2

Heading: An offense committed

Text: during our Policy Period and is insured by “underlying insurance” designated in the Schedule of Underlying Insurance in ITEM SIX of the Declarations. The insurance afforded by this policy will apply only in excess of all “underlying insurance”; and only after all “underlying insurance” has been exhausted by payment of the limits of such insurance. The amount we will pay is limited as described in section II. B. and section III. LIMITS OF INSURANCE. The definitions, terms, conditions, limitations, exclusions and warranties contained in the “underlying insurance” polic(ies) that are in effect at the inception date of this policy apply to this policy unless they are inconsistent with provisions of this policy, or relate to premium, subrogation, other insurance, an obligation to investigate or defend, the amount or limits of insurance, payment of expenses, cancellation or any renewal agreement. If any “underlying insurance” does not pay a loss, for reasons other than exhaustion of an aggregate limit of insurance, then we will not pay such loss. ...