Coverage classification
- Form type
- Endorsements
Compare Consent to settle endorsement forms
| Form | Intent | When it applies | Payment and conditions |
|---|---|---|---|
Fair American Insurance and Reinsurance CompanyConsent to Settle Endorsement FA-PML-1552-A CW 03-2026 Private Management Liability | Defines the insurer’s payment obligation after an insured refuses a recommended settlement. | Applies to listed coverage parts when the claimant accepts the recommended settlement. | The obligation includes the proposed settlement, defense costs to recommendation and a specified percentage of later loss, subject to the liability limit. |
Philadelphia Indemnity Insurance CompanyAddition of Consent to Settle Clause PI-ESG-MCP-22 (01/26) Management Liability | Adds a payment limitation when the insured rejects a written recommendation and continues to contest the claim. | Can apply to selected directors and officers, employment practices or fiduciary coverage parts. | The clause applies only once the proposed settlement plus specified defense costs exceeds the applicable retention. |
Notable clauses
“plus [percentage]% of all Loss incurred after the date of the Insured’s refusal to consent to such settlement”
Fair American Insurance and Reinsurance Company · Consent to Settle Endorsement · FA-PML-1552-A CW 03-2026
After refusal. The scheduled percentage determines the insurer’s share of later loss, subject to the form’s conditions.
“this paragraph shall not apply until the settlement amount (plus Defense Costs incurred up to the date of the Underwriter’s recommendation to settle) exceeds the Retention amount(s)”
Philadelphia Indemnity Insurance Company · Addition of Consent to Settle Clause · PI-ESG-MCP-22 (01/26)
Retention condition. The provision specifies a retention threshold before the clause applies.
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