Actuarial Outpost
Go Back   Actuarial Outpost > Exams - Please Limit Discussion to Exam-Related Topics > CAS > CAS Online Courses > Course 2 - Insurance Accounting/Law/Regulation
FlashChat Actuarial Discussion Preliminary Exams CAS/SOA Exams Cyberchat Around the World Suggestions

Thread Tools Search this Thread Display Modes
Old 12-11-2019, 09:25 PM
BayesDeep BayesDeep is offline
Join Date: Nov 2018
Posts: 34
Default CGL is Excess when the named insured has been added as an additional insured?

I'm confused why this is glossed over in the text, and what are the implications of this?

When CGL Is Excess
Paragraph b. of the Other Insurance condition states that the CGL policy’s coverage is excess insurance if the other insurance is any of these types:
* Any primary insurance available to the named insured covering liability for damages arising out of premises or operations, or out of products and completed operations, for which the named insured has been added as an additional insured


So being the named insured on 2 policies would be shared primary (unless you're not allowed to be named on two?), but being an additional insured always makes your own policy excess? What's the rationale?

Last edited by BayesDeep; 12-11-2019 at 09:29 PM..
Reply With Quote

Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off

All times are GMT -4. The time now is 03:03 AM.

Powered by vBulletin®
Copyright ©2000 - 2020, Jelsoft Enterprises Ltd.
*PLEASE NOTE: Posts are not checked for accuracy, and do not
represent the views of the Actuarial Outpost or its sponsors.
Page generated in 0.10717 seconds with 11 queries