And yet in an ordinary policy of insurance there is no express provision requiring the underwriter to indemnify the assured against this liability.
The underwriter will see all newly submitted bordereau 's.
A material fact is one that would have an effect on the mind of a prudent underwriter.
Under an Open Cover operated by Aon in 1999, the subscribers agreed to be bound by the risks accepted by the leading underwriter.
It might well be implied that payments compulsorily required from the assured by law for contributions to G.A., or as salvage for services by salvors, will be undertaken or repaid by the underwriter, the service being for his benefit.