Common use of CLAIM EXPENSES Clause in Contracts

CLAIM EXPENSES. We will pay our proportionate share of the following expenses arising out of the settlement or litigation of a claim, providing the expenses are reasonable: a) Investigative expenses; b) Attorneys' fees; c) Penalties and interest imposed automatically against you by statute and rising solely out of a judgement rendered against you in a suit for policy benefits; d) Interest paid to the claimant on death benefit proceeds according to your practices. Reimbursement of interest in excess of 9%, unless otherwise dictated by local legislation, will require our approval. Our share of claim expenses will be in the same proportion that our liability bears to your liability. You will be responsible for payment of the following claim expenses, which are not considered items of "net reinsurance liability" as referenced in Section 2 of this Article: a) Routine administrative expenses for the home office or elsewhere, including your employees' salaries; b) Expenses incurred in connection with any dispute or contest arising out of a conflict in claims of entitlement to policy proceeds or benefits which you admit are payable.

CLAIM EXPENSES. We will pay our proportionate share of the following expenses arising out of the settlement or litigation of a claim, providing the expenses are reasonable: a) Investigative Routine investigative or administrative expenses; b) Attorneys' fees; c) Penalties and interest imposed automatically against you by statute and rising solely out of a judgement rendered against you in a suit for policy benefits; d) Interest paid to the claimant on death benefit proceeds according to your practices. Reimbursement of interest in excess of 9%, unless otherwise dictated by local legislation, will require our approval. Our share of claim expenses will be in the same proportion that our liability bears to your liability. You will be responsible for payment of the following claim expenses, which are not considered items of "net reinsurance liability" as referenced in Section 2 of this Article: a) Routine administrative expenses for the home office or elsewhere, including your employees' salaries; b) Expenses incurred in connection with any dispute or contest arising out of a conflict in claims of entitlement to policy proceeds or benefits which you admit are payable.