— Also termed underwriter; insurance underwriter; carrier; assurer (for life insurance). [Cases: Insurance 1002. C.J.S. Insurance § 32.]
excess insurer. An insurer who is liable for settling any part of a claim not covered by an insured’s primary insurer.
— Also termed secondary insurer. See primary insurer.
primary insurer. An insurer who is contractually committed to settling a claim up to the applicable policy limit before any other insurer becomes liable for any part of the same claim. See excess insurer.
quasi-insurer. A service provider who is held to strict liability in the provision of services, such as an innkeeper or a common carrier.
secondary insurer. See excess insurer.
