Common use of First Layer Clause in Contracts

First Layer. FCIC’s participation on this layer shall be ninety percent (90%) of the amount by which the Company’s aggregate ultimate net losses exceeds one hundred and fifty percent (150%) but is less than five hundred percent (500%) of aggregate net book premium retained by the Company.

Appears in 13 contracts

Samples: Price Reinsurance Agreement, Price Reinsurance Agreement, Price Reinsurance Agreement

AutoNDA by SimpleDocs

First Layer. FCIC’s participation on this layer shall be ninety percent (90%) of the amount by which the Company’s aggregate ultimate net losses exceeds one hundred and fifty percent (150%) but is less than five hundred percent (500%) of aggregate net book premium retained by the Company.Company.‌‌

Appears in 1 contract

Samples: Price Reinsurance Agreement

AutoNDA by SimpleDocs
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!