Court of Appeals for the Fifth Circuit April 4, 2007, 06-40911 (Jason Wells v. Gulf Insurance Co.)

REAVLEY, Circuit Judge:

The issue here is whether an endorsement — the form of which is prescribed by the Motor Carrier Act’s implementing regulations — requires an excess insurer to drop below its liability floor and pay a judgment when it is the first solvent insurer. The district court thought so. We disagree and reverse.

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I.