Common use of EXCESS OF ORIGINAL POLICY LIMITS Clause in Contracts

EXCESS OF ORIGINAL POLICY LIMITS. A. This Agreement shall protect the Company, within the limits hereof, in connection with any loss in excess of the limit of its original policy, such loss in excess of the limit having been incurred because of failure by it to settle within the policy limit, or by reason of alleged or actual negligence, fraud or bad faith in rejecting an offer of settlement or in the preparation of the defense or in the trial of any action against its insured or in the preparation or prosecution of an appeal consequent upon such action.

Appears in 17 contracts

Samples: Loss Reinsurance Agreement, First Fourth Excess of Loss Reinsurance Agreement (Scpie Holdings Inc), Medical Malpractice Shortfall Excess of Loss Reinsurance Agreement (Scpie Holdings Inc)

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EXCESS OF ORIGINAL POLICY LIMITS. A. This Agreement shall protect the Company, within the limits hereof, in respect of policies ceded to this Agreement in connection with any ultimate net loss in excess of the limit of its original policy, such loss in excess of the limit having been incurred because of failure by it to settle within the policy limit, limit or by reason of alleged or actual negligence, fraud or bad faith in rejecting an offer of settlement or in the preparation of the defense or in the trial of any action against its insured or reinsured or in the preparation or prosecution of an appeal consequent upon such action.

Appears in 4 contracts

Samples: Excess of Loss Reinsurance Agreement (Scpie Holdings Inc), Loss Reinsurance Agreement (Scpie Holdings Inc), Loss Reinsurance Agreement (Scpie Holdings Inc)

EXCESS OF ORIGINAL POLICY LIMITS. A. This Agreement shall protect the Company, within the limits hereof, in connection with any loss in excess of the limit of its original policy, such loss in excess of the limit having been incurred because of failure by it to settle within the policy limit, limit or by reason of alleged or actual negligence, fraud fraud, or bad faith in rejecting an offer of settlement or in the preparation of the defense or in the trial of any action against its insured or reinsured or in the preparation or prosecution of an appeal consequent upon such action.

Appears in 3 contracts

Samples: Quota Share Reinsurance Agreement (Scpie Holdings Inc), Share Reinsurance Agreement (Scpie Holdings Inc), Quota Share Reinsurance Agreement (Scpie Holdings Inc)

EXCESS OF ORIGINAL POLICY LIMITS. A. This Agreement shall protect the Company, within the limits hereof, in connection with any loss in excess of the limit of its original policy, such loss in excess of the limit having been incurred because of failure by it to settle within the policy limit, limit or by reason of alleged or actual negligence, fraud or bad faith in rejecting an offer of settlement or in the preparation of the defense or in the trial of any action against its insured or reinsured or in the preparation or prosecution of an appeal consequent upon such action.

Appears in 2 contracts

Samples: Reinsurance Agreement (Scpie Holdings Inc), Loss Reinsurance Agreement (Scpie Holdings Inc)

EXCESS OF ORIGINAL POLICY LIMITS. A. This Agreement shall protect the Company, within the limits hereof, in connection with any loss in excess of the limit of its original policy, such loss in excess of the limit having been incurred because of failure by it to settle within the policy limit, or by reason of alleged or actual negligence, fraud or bad faith in rejecting an offer of settlement or in the preparation of the defense or in the trial of any action against its insured or in the preparation or prosecution of an appeal consequent upon such action.actual

Appears in 1 contract

Samples: Loss Reinsurance Agreement (Scpie Holdings Inc)

EXCESS OF ORIGINAL POLICY LIMITS. A. This Agreement shall protect the Company, within the limits hereof, in connection with any loss in excess of the limit of its original policy, such loss in excess of the limit having been incurred because of failure by it to settle within the policy limit, limit or by reason of alleged or actual negligence, fraud or bad faith in rejecting an offer of settlement or in the preparation of the defense or in the trial of any action against its insured or reinsured or in the preparation or prosecution of an appeal consequent upon such action.

Appears in 1 contract

Samples: Reinsurance Agreement (Scpie Holdings Inc)

EXCESS OF ORIGINAL POLICY LIMITS. A. This Agreement shall protect the Company, within the limits hereof, in connection with any loss in excess of the limit of its original policy, such loss in excess of the limit having been incurred because of failure by it to settle within the policy limit, limit or by reason of alleged or actual negligence, fraud fraud, or bad faith in rejecting an offer of settlement or in the preparation of or the defense or in the trial of any action against its insured or reinsured or in the preparation or prosecution of an appeal consequent upon such action.

Appears in 1 contract

Samples: Interests and Liabilities Contract (Scpie Holdings Inc)

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EXCESS OF ORIGINAL POLICY LIMITS. A. This Agreement Contract shall protect the Company, within the limits hereof, in connection with any loss in excess of the limit of its original policyPolicy, such loss Loss in excess Excess of the limit Original Policy Limit having been incurred because of failure by it to settle within the policy Policy limit, or by reason of alleged or actual negligence, fraud or bad faith in rejecting an offer of settlement or in the preparation of the defense or in the trial of any action against its insured or in the preparation or prosecution of an appeal consequent upon such action.

Appears in 1 contract

Samples: Interests and Liabilities Agreement (Scpie Holdings Inc)

EXCESS OF ORIGINAL POLICY LIMITS. A. This Agreement shall protect the Company, within the limits hereof, Company as provided in Article 1 - Business Covered in connection with any loss Loss in excess of the limit of its the original policyPolicy, such loss Loss in excess of the limit having been incurred because of failure by it the Company to settle within the policy limit, Policy limit or by reason of alleged or actual negligence, fraud or bad faith in rejecting an offer of settlement or in the preparation of the defense or in the the, trial of any action against its insured or reinsured or in the preparation or of prosecution of an appeal consequent upon such action.

Appears in 1 contract

Samples: Entire Agreement (Cna Surety Corp)

EXCESS OF ORIGINAL POLICY LIMITS. A. This Agreement shall protect the Company, within the limits hereof, in connection with any loss in excess of the limit of its original policy, such loss in excess of the limit having been incurred because of failure by it to settle within the policy limit, or by reason of alleged or actual negligence, fraud or bad faith in rejecting an offer of settlement or in the preparation of the defense or in the trial of any action against its insured or in the preparation or prosecution of an appeal consequent upon such action.. ED 4/5/96 Page 6 of 15 (Q)/pc/jk

Appears in 1 contract

Samples: Interests and Liabilities Contract (Scpie Holdings Inc)

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