Common use of COVER, LIMIT AND RETENTION Clause in Contracts

COVER, LIMIT AND RETENTION. This contract applies to all. original policies coming within the scope of this Contact which are issued by the Reassured for limits in excess of $1,000,000 each and every loss, each Insured, each policy/program. In respect of all such policies the Reassured shall cede and the Reinsurers shall accept by the way of reinsurance under this Contract, all liability in excess of underlying limits of $1,000,000 each and every loss, each Insured, each policy/program, subject to a limit of liability to the Reinsurers of up to $1,000,000 each and every loss, each insured, each policy/program. The Reassured shall retain the said underlying limits for their own account but without prejudice to the above shall be at liberty to protect that retention by way of excess of loss reinsurance for their own account and benefit. Reinsurers hereon agree to bear their proportional share of all loss adjustment and defense cost expenses, as per the original policy. Original policies may provide for costs inclusive or costs in addition coverage. Where coverage is issued on a cost inclusive basis, costs shall be included within the limit hereon. Where coverage is issued on a cost in addition basis, pro rata costs shall be payable in addition to the limit hereon. The Reassured shall be at liberty to effect specific facultative reinsurance, for the common account of themselves and Reinsurers, or to omit cessions hereunder, when they consider it in the best interest of the Reinsurers to do so. It is understood and agreed that the limits hereon apply separately to each original coverage and/or section thereof as applicable, issued by the Reassured, unless written on a combined, shared limit basis, as per original policies.

COVER, LIMIT AND RETENTION. This contract Contract applies to all. all original policies coming within the scope of this Contact Contract which are issued by the Reassured for limits in excess of $1,000,000 USD1,000,000 each and every loss, each Insured, each policy/program. In respect of all such policies the Reassured shall cede and the Reinsurers shall accept by the way of reinsurance under this Contract, all liability in excess of underlying limits of $1,000,000 USD1,000,000 each and every loss, each Insured, each policy/program, subject to a limit of liability to the Reinsurers of up to $1,000,000 USD1,000,000 each and every loss, each insured, each policy/program. The Reassured shall retain the said underlying limits for their own account but without prejudice to the above shall be at liberty to protect that retention by way of excess of loss reinsurance for their own account and benefit. Reinsurers hereon agree to bear their proportional share of all loss adjustment and defense cost expenses, as per the original policy. Original policies may provide for costs inclusive or costs in addition coverage. Where coverage is issued on a cost inclusive basis, costs shall be included within the limit hereon. Where coverage is issued on a cost in addition basis, pro rata costs shall be payable in addition to the limit hereon. The Reassured shall be at liberty to effect specific facultative reinsurance, for the common account of themselves and Reinsurers, or to omit cessions hereunder, when they consider it in the best interest of the Reinsurers to do so. It is further understood and agreed that the amount of the Reinsurers' liability hereunder shall not be increased by reason of the inability of the Reassured to collect from any such specific facultative reinsurance. It is understood and agreed that the limits hereon apply separately to each original coverage and/or section thereof as applicable, issued by the Reassured, unless written on a combined, shared limit basis, as per original policies.

COVER, LIMIT AND RETENTION. This contract applies to all. all original policies coming within the scope of this Contact which are issued by the Reassured for limits in excess of $1,000,000 2,000,000 each and every loss, each Insured, each policy/program. In respect of all such policies the Reassured shall cede and the Reinsurers shall accept by the way of reinsurance under this Contract, all liability in excess of underlying limits of $1,000,000 2,000,000 each and every loss, each Insured, each policy/program, subject to a limit of liability to the Reinsurers of up to $1,000,000 8,000,000 each and every loss, each insured, each policy/program. The However, in the event the Reassured issues both a primary and an excess policy, the Reassured shall retain cede and the said Reinsurers shall accept all liability in excess of underlying limits for their own account but without prejudice of $2,000,000 each and every loss, each Insured, each policy/program, subject to a limit of liability to the above shall be at liberty Reinsurers of up to protect that retention by way of excess of loss reinsurance for their own account $9,000,000 each and benefitevery loss, each Insured, each policy/program. Reinsurers hereon agree to bear their proportional share of all loss adjustment and defense cost expenses, as per the original policy. Original policies may provide for costs inclusive or costs in addition coverage. Where coverage is issued on a cost inclusive basis, costs shall be included within the limit hereon. Where coverage is issued on a cost in addition basis, pro rata costs shall be payable in addition to the limit hereon. The Reassured shall be at liberty to effect specific facultative reinsurance, for the common account of themselves and Reinsurers, or to omit cessions hereunder, when they consider it in the best interest of the Reinsurers to do so. It is understood and agreed that the limits hereon apply separately to each original coverage and/or section thereof as applicable, issued by the Reassured, unless written on a combined, shared limit basis, as per original policies.

COVER, LIMIT AND RETENTION. This contract applies to all. all original policies coming within the scope of this Contact which are issued by the Reassured for limits in excess of $1,000,000 2,000,000 each and every loss, each Insured, each policy/program. In respect of all such policies the Reassured shall cede and the Reinsurers shall accept by the way of reinsurance under this Contract, all liability in excess of underlying limits of $1,000,000 2,000,000 each and every loss, each Insured, each policy/program, subject to a limit of liability to the Reinsurers of up to $1,000,000 8,000,000 each and every loss, each insured, each policy/program. However, in the event the Reassured issues both a primary and an excess policy to the same Insured, the Reassured shall cede and the Reinsurers shall accept all liability in excess of underlying limits of $2,000,000 each and every loss, each Insured, each policy/program, subject to a limit of liability to the Reinsurers of up to $9,000,000 each and every loss, each Insured, each policy/program. The Reassured shall retain the said underlying limits for their own account but without prejudice to the above shall be at liberty to protect that retention by way of excess of loss reinsurance for their own account and benefit. Reinsurers hereon agree to bear their proportional share of all loss adjustment and defense cost expenses, as per the original policy. Original policies may provide for costs inclusive or costs in addition coverage. Where coverage is issued on a cost inclusive basis, costs shall be included within the limit hereon. Where coverage is issued on a cost in addition basis, pro rata costs shall be payable in addition to the limit hereon. The Reassured shall be at liberty to effect specific facultative reinsurance, for the common account of themselves and Reinsurers, or to omit cessions hereunder, when they consider it in the best interest of the Reinsurers to do so. It is understood and agreed that the limits hereon apply separately to each original coverage and/or section thereof as applicable, issued by the Reassured, unless written on a combined, shared limit basis, as per original policies.

COVER, LIMIT AND RETENTION. This contract applies to all. all original policies coming within the scope of this Contact which are issued by the Reassured for limits in excess of $1,000,000 USD 5,000,000 each and every loss, each Insured, each policy/program. In respect of all such policies the Reassured shall cede and the Reinsurers shall accept by the way of reinsurance under this Contract, all liability in excess of underlying limits of $1,000,000 USD 5,000,000 each and every loss, each Insured, each policy/program, subject to a limit of liability to the Reinsurers of up to $1,000,000 USD 5,000,000 each and every loss, each insuredInsured, each policy/program. The Reassured shall retain the said underlying limits for their own account but but, without prejudice to the above above, shall be at liberty to protect that retention by way of excess of loss reinsurance for their own account and benefit. Reinsurers hereon agree to bear their proportional share of all loss adjustment and defense cost expenses, as per the original policy, as further provided for under the NOTICE OF LOSS AND LOSS SETTLEMENTS Article. Original policies may provide for costs inclusive or costs in addition coverage. Where coverage is issued on a cost inclusive basis, costs shall be included within the limit hereon. Where coverage is issued on a cost in addition basis, pro rata costs shall be payable in addition to the limit hereon. The Reassured shall be at liberty to effect specific facultative reinsurance, for the common account of themselves and Reinsurers, or to omit cessions hereunder, when they consider it in the best interest of the Reinsurers to do so. It is understood and agreed that the limits and retentions hereon apply separately to each original coverage and/or section thereof as applicable, issued by the Reassured, unless written on a combined, shared limit basis, as per original policies.

COVER, LIMIT AND RETENTION. This contract applies to all. all original policies coming within the scope of this Contact which are issued by the Reassured for limits in excess of $1,000,000 USD2,000,000 each and every loss, each Insured, each policy/program. In respect of all such policies the Reassured shall cede and the Reinsurers shall accept by the way of reinsurance under this Contract, all liability in excess of underlying limits of $1,000,000 USD2,000,000 each and every loss, each Insured, each policy/program, subject to a limit of liability to the Reinsurers of up to $1,000,000 USD8,000,000 each and every loss, each insured, each policy/program. However, in the event the Reassured issues both a primary and an excess policy to the same Insured, the Reassured shall cede and the Reinsurers shall accept all liability in excess of underlying limits of USD2,000,000 each and every loss, each Insured, each policy/program, subject to a limit of liability to the Reinsurers of up to USD9,000,000 each and every loss, each Insured, each policy/program. The Reassured shall retain the said underlying limits for their own account but without prejudice to the above shall be at liberty to protect that retention by way of excess of loss reinsurance for their own account and benefit. Reinsurers hereon agree to bear their proportional share of all loss adjustment and defense cost expenses, as per the original policy. Original policies may provide for costs inclusive or costs in addition coverage. Where coverage is issued on a cost inclusive basis, costs shall be included within the limit hereon. Where coverage is issued on a cost in addition basis, pro rata costs shall be payable in addition to the limit hereon. The Reassured shall be at liberty to effect specific facultative reinsurance, for the common account of themselves and Reinsurers, or to omit cessions hereunder, when they consider it in the best interest of the Reinsurers to do so. It is further understood and agreed that the amount of the Reinsurers' liability hereunder shall not be increased by reason of the inability of the Reassured to collect from any such specific facultative reinsurance. It is understood and agreed that the limits hereon apply separately to each original coverage and/or section thereof as applicable, issued by the Reassured, unless written on a combined, shared limit basis, as per original policies.