Opinion ID: 425209
Heading Depth: 2
Heading Rank: 2

Heading: lloyd's and harbor

Text: 16 Meanwhile, on January 13, 1981, Lloyd's and Harbor, which provided excess coverage for Land & Marine during the time period covered by the INA policy (August 1, 1965--August 1, 1967), had jointly moved for summary judgment against Land & Marine based on the thirty-six-month exclusion provision of the INA policy, which had been incorporated by reference into both the Lloyd's and the Harbor excess policies. 17 Neither Land & Marine nor Lloyd's could locate the Lloyd's policies issued to Land & Marine. Instead, the cover notes, which evidenced the issuance of these policies, were relied upon to show the policy terms. The terms of Cover Note JHB 5127 provided, in part, as follows: 18 1. This insurance, subject to the terms, conditions and limitations hereinafter mentioned, is to indemnify Land and Marine Applicators, Inc. (hereinafter called 'the Employer') in the manner following namely: 19 For claims arising out of their operations in accordance with the terms and conditions of Coverage B including Maritime Coverage of the underlying Policy/Policies No. WC 568590 (or renewals or replacements thereof) issued to the Employer by Insurance Company of North America (hereinafter called 'the Primary Insurers'). 20 2. Liability shall attach to the Underwriters [Lloyd's] only after the Primary Insurers have paid or have been held liable to pay the full amount of their respective ultimate net loss liability as follows: 21 .... 22 (b) As regards Maritime Coverage only: 23 $25,000. ultimate net loss in respect of each person and subject to that same limit each person. 24 $25,000. ultimate net loss in respect of each accident. 25 (all hereinafter referred to as 'the Primary Limit or Limits') and the Underwriters shall then be liable to pay only such additional amount or amounts as will provide the Employer with a total coverage under the Policy or Policies of the Primary Insurers and this insurance combined of: 26 .... 27 (b) As regards Maritime Coverage only: 28 $75,000. ultimate net loss in respect of each person and subject to that same limit each person. 29 $175,000. ultimate net loss in respect of each accident. 30 .... 31 7. Liability to pay under this insurance shall not attach unless and until the Primary Insurers shall have admitted liability for the Primary Limit or Limits or unless and until the Employer has by final judgment been adjudged to pay an amount which exceeds such Primary Limit or Limits and then only after the Primary Insurers have paid or have been held liable to pay the full amount of the Primary Limit or Limits. 32 8. This insurance is subject to the same warranties, terms, and conditions ... as are contained in or as may be added to the said Policy/Policies of the Primary Insurers. 33 The terms of Cover Note JHB 5128, which evidenced additional excess maritime coverage of $25,000 (from $75,000 to $100,000) for each person and of $125,000 (from $175,000 to $300,000) per accident, did not differ from those of Cover Note JHB 5127 in any material respect. 3 34 The umbrella policy, issued by Harbor to Land & Marine, provided excess coverage from $100,000 to $1,000,000 for each occurrence. This policy provided as follows:I. COVERAGE 35 Underwriters [Harbor] hereby agree, subject to the limitations, terms and conditions hereinafter mentioned, to indemnify the Assured [Land & Marine] for all sums which the Assured shall be obligated to pay by reason of the liability 36 (a) imposed upon the Assured by law; 37 .... 38 for damages, direct or consequential and expenses, ... on account of: 39 (i) Personal Injury ... 4 40 .... 41