INSURER

insurer. One who agrees, by contract, to assume the risk of another’s loss and to compensate for that loss. — 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.

[Blacks Law 8th]