Computation of Proceeds on an Annual Basis. In computing any allocation of proceeds under 4 and 5 hereunder, all losses during the Policy year (12:01 a.m. February 15th, through 12:01 a.m. the next succeeding February 15th) must be taken into consideration and any recovery received prior to the end of such Policy year will be subject to reallocation in the event there are later losses during such Policy year.
Appears in 9 contracts
Samples: Professional Liability Insurance Policy Joint Insureds Agreement (Equitrust Series Fund Inc), Professional Liability Insurance Policy Joint Insureds Agreement (Equitrust Variable Insurance Series Fund), Professional Liability Insurance Policy Joint Insureds Agreement (Equitrust Series Fund Inc)