Common use of CLASSES OF BUSINESS COVERED Clause in Contracts

CLASSES OF BUSINESS COVERED. A. By this Agreement and subject to the terms and conditions set forth below, the Reinsurer agrees to indemnify the Company for the Adverse Loss Development that may accrue to the Company under all policies, contracts, and binders of insurance or reinsurance (hereinafter "Policies") issued or renewed by the Company prior to the Closing Date.

Appears in 4 contracts

Samples: Stock Purchase Agreement (Everest Reinsurance Holdings Inc), Stock Purchase Agreement (Everest Re Group LTD), Excess of Loss Reinsurance Agreement (Everest Re Group LTD)

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CLASSES OF BUSINESS COVERED. A. By this Agreement and subject to the terms and conditions set forth below, the Reinsurer Indemnitor agrees to indemnify the Company for the Adverse Loss Development that may accrue to the Company under all policies, contracts, and binders of insurance or reinsurance (hereinafter "Policies") issued or renewed by the Company prior to the Closing Date.

Appears in 1 contract

Samples: Stock Purchase Agreement (Everest Re Group LTD)

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