Common use of Funds Deposit Clause in Contracts

Funds Deposit. without diminution or restriction because of the insolvency of either the Company or the Reinsurer for one or more of the following purposes set forth below.

Appears in 3 contracts

Samples: Reinsurance Contract, Reinsurance Contract (ICC Holdings, Inc.), Casualty Excess of Loss Reinsurance Contract (Penn Millers Holding Corp)

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Funds Deposit. without diminution or restriction because of the insolvency of either the Company Reinsured or the Reinsurer for one or more of the following purposes set forth below.:

Appears in 2 contracts

Samples: Terrorism Catastrophe Excess of Loss Reinsurance Contract (Philadelphia Consolidated Holding Corp), Terrorism Catastrophe Excess of Loss Reinsurance Contract (Philadelphia Consolidated Holding Corp)

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