When placing excess layers on a follow form or short excess form and PSC has a copy of the primary and/or underlying policy, certificate of insurance or any other such document, it is essential that Insurers on all excess layers acknowledge in writing that they have seen and have agreed to follow such primary or underlying policies.
If excess Insurers agree a follow form or short excess form without requesting, or seeing a copy, of the primary and/or underlying wording or certificate of insurance, it is important that this is clearly stated on the Slip and PSC must not subsequently request a copy of such documents but if they are received then PSC must submit them to excess Insurers for their agreement.
All such documentation must be clearly shown under the Information section of the Slip.
Post your comment on this topic.