Common use of Establishment of Loss Reserves Clause in Contracts

Establishment of Loss Reserves. General Agent shall establish, subject to review and adjustment by Company in its absolute discretion, claim and loss reserves with respect to the Policies, including reserves for Loss Adjustment Expenses, incurred but not reported losses and losses reported but not paid.

Establishment of Loss Reserves. The General Agent shall establish, subject to review and adjustment by the Company in its absolute discretion, claim and loss reserves with respect to the Policiesbusiness written under this agreement, including reserves for Loss Adjustment Expensesloss adjustment expenses, incurred but not reported losses and for losses reported but not paid. [**] CERTAIN INFORMATION ON THIS PAGE HAS BEEN OMITTED AND FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION. CONFIDENTIAL TREATMENT HAS BEEN REQUESTED WITH RESPECT TO THE OMITTED PORTIONS.

Establishment of Loss Reserves. The General Agent shall establish, subject to review and adjustment by the Company in its absolute discretion, claim and loss reserves with respect to the Policiesbusiness written under this agreement, including reserves for Loss Adjustment Expensesloss adjustment expenses, incurred but not reported losses and for losses reported but not paid.