Florida Hurricane Catastrophe Fund. The FHCF mandatory layer of coverage, any Temporary Increase in Coverage Limits ("TICL") coverage and any additional underlying limit provided by the FHCF to Limited Apportionment Companies, all of which are purchased by the Company, shall be deemed to inure to the benefit of this Contract. Further, any FHCF loss reimbursement shall be deemed to be paid to the Company in accordance with the FHCF reimbursement contract at the full payout level set forth therein and will be deemed not to be reduced by any reduction or exhaustion of the FHCF's claims-paying capacity as respects the mandatory FHCF coverage, the Company's elected coverage under TICL, and the coverage provided by the FHCF to Limited Apportionment Companies.
Appears in 5 contracts
Samples: Excess Catastrophe Reinsurance Contract (21st Century Holding Co), Second Event Excess Catastrophe Reinsurance Contract (21st Century Holding Co), Excess Catastrophe Reinsurance Contract (21st Century Holding Co)
