# Great American Assurance Company

## B. Loss

"Loss" means those sums actually paid in the settlement or satisfaction of a claim or suit which an insured is legally obligated to pay as damages, after making proper deductions for all recoveries and salvage. "Loss" also includes defense costs and expenses but only when such costs and expenses reduce the "underlying limits of insurance".

## C. Underlying Insurance

"Underlying insurance" means the "controlling underlying insurance" and all policies of insurance listed in the Schedule of Underlying Insurance.

## D. Underlying Limits of Insurance

"Underlying limits of insurance" means the total sum of the limits of all applicable "underlying insurance" stated in the Schedule of Underlying Insurance, including self-insurance, deductibles, retentions or means other than insurance.