Common use of BUSINESS COVERED Clause in Contracts

BUSINESS COVERED. The Reinsurer agrees to reimburse the Company, on an excess of loss basis, for the amount of ultimate net loss which the Company may pay as the result of claims made during the term of this Agreement under the Classes of Insurance set forth below with respect to subject policies which are in force or may hereinafter come into force during the term of this Agreement, except as excluded under the Exclusions Article subject to the limitations set forth in the Limits of Cover Article.

Appears in 3 contracts

Samples: Loss Reinsurance Agreement, Medical Malpractice Shortfall Excess of Loss Reinsurance Agreement (Scpie Holdings Inc), First Fourth Excess of Loss Reinsurance Agreement (Scpie Holdings Inc)

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BUSINESS COVERED. The Reinsurer agrees to reimburse the Company, on an excess of loss basis, for the amount amounts of ultimate net loss which the Company may pay as the a result of claims made during the term of this Agreement under binders, policies and contracts of insurance (hereinafter called "policies"), hereafter issued or entered into by or on behalf of the Classes Company, covering the types of Insurance policy forms set forth below with respect to subject policies which are in force or may hereinafter come into force during as written by the term of this AgreementCompany, except as excluded under the Exclusions Article of this Agreement, subject to the limitations set forth in the Limits of Cover Limit and Retention Article.:

Appears in 3 contracts

Samples: Loss Reinsurance Agreement (Scpie Holdings Inc), Excess of Loss Reinsurance Agreement (Scpie Holdings Inc), Excess of Loss Reinsurance Agreement (Scpie Holdings Inc)

BUSINESS COVERED. The Reinsurer agrees to reimburse the Company, on an excess of loss basis, for the amount amounts of ultimate net loss which the Company may pay as the a result of claims made during the term of this Agreement under binders, policies and contracts of insurance (hereinafter called "policies"), hereafter issued or entered into by or on behalf of the Classes Company, covering the types of Insurance policy forms set forth below with respect to subject policies which are in force or may hereinafter come into force during as written by the term of this AgreementCompany, except as excluded under the Exclusions Article of this Agreement, subject to the limitations set forth in the Limits of Cover Limit and Retention Article: 2 1.

Appears in 1 contract

Samples: Loss Reinsurance Agreement (Scpie Holdings Inc)

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BUSINESS COVERED. The Reinsurer agrees to reimburse the Company, on an excess of loss basis, for the amount of ultimate net loss Ultimate Net Loss which the Company may pay as the result of claims made Claims Made during the term of this Agreement Contract under the Classes of Insurance set forth below with respect to subject policies Policies which are in force or may hereinafter come into force during the term of this AgreementContract, except as excluded under the Exclusions Article and subject to the limitations set forth in the Limits of Cover Article.Retention and Limit Articles in the attached Exhibits A, B and C.

Appears in 1 contract

Samples: Interests and Liabilities Agreement (Scpie Holdings Inc)

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