Common use of CLAIMS AND LOSS ADJUSTMENT EXPENSES Clause in Contracts

CLAIMS AND LOSS ADJUSTMENT EXPENSES. A. Within 60 days after the end of each calendar quarter, the COMPANY shall provide the REINSURER with a claims bordereau outlining any claim on which the COMPANY has placed a reserve value of $1,000,000 or more. B. The COMPANY shall include with each claim bordereau, the following information as respects new claims, pending claims and closed claims during the quarter: 1. Claim number or reference number; 2. Named of Insured; 3. Name of Claimant; 4. Subject policy limit; 5. CLAIMS MADE date; 6. LOSS OCCURRENCE date; 7. Indemnity (paid and outstanding); 8. Expenses (paid and outstanding); 9. Indemnity recovery; if any; 10. Expense recovery; if any; 11. Status.

CLAIMS AND LOSS ADJUSTMENT EXPENSES. A. Within 60 days after the end of each calendar quarter, the COMPANY Company shall provide the REINSURER Reinsurers with a claims bordereau outlining any claim on which the COMPANY Company has placed a reserve value of $1,000,000 or more. B. The COMPANY Company shall include with each claim bordereau, the following information as respects new claims, pending claims and closed claims during the quarter: 1. Claim number or reference number; ; 2. Named Name of Insured; ; 3. Name of Claimant; ; 4. Subject policy limit; ; 5. CLAIMS MADE Claims Made date; ; 6. LOSS OCCURRENCE Loss Occurrence date; ; 7. Indemnity (paid and outstanding); ; 8. Expenses (paid and outstanding); ; 9. Indemnity recovery; if any; ; 10. Expense recovery; if any; 11. Status.;

CLAIMS AND LOSS ADJUSTMENT EXPENSES. A. Within 60 days after the end of each calendar quarter, the COMPANY Company shall provide the REINSURER Reinsurer with a claims bordereau outlining any claim on which the COMPANY Company has placed a reserve value of $1,000,000 or more. B. The COMPANY Company shall include with each claim bordereau, the following information as respects new claims, pending claims and closed claims during the quarter: 1. Claim number or reference number; ; 2. Named Name of Insured; ; 3. Name of Claimant; ; 4. Subject policy limit; ; 5. CLAIMS MADE Claims Made date; ; 6. LOSS OCCURRENCE Loss Occurrence date; ; 7. Indemnity (paid and outstanding); ; 8. Expenses (paid and outstanding); ; 9. Indemnity recovery; if any; ; 10. Expense recovery; if any; 11. Status.;

CLAIMS AND LOSS ADJUSTMENT EXPENSES. A. Within 60 days after the end of each calendar quarter, the COMPANY shall provide the REINSURER with a claims bordereau outlining any claim on which the COMPANY has placed a reserve value of $1,000,000 or more. B. The COMPANY shall include with each claim bordereau, the following information as respects new claims, pending claims and closed claims during the quarter: 1. Claim number or reference number; ; 2. Named Name of Insured; ; 3. Name of Claimant; ; 4. Subject policy limit; ; 5. CLAIMS MADE date; ; 6. LOSS OCCURRENCE date; ; 7. Indemnity (paid and outstanding); ; 8. Expenses (paid and outstanding); ; 9. Indemnity recovery; if any; ; 10. Expense recovery; if any; 11. Status.;