Common use of Liability of Association Clause in Contracts

Liability of Association. The Association shall reinsure the Member’s Minnesota workers’ compensation liability and shall indemnify the Member for 100 percent of the amount of statutory ultimate loss arising out of each occurrence compensable under Minn. Stat. Ch. 176 to the extent that the ultimate loss exceeds the Member’s retention limit in effect at the time of the loss occurrence and subject to the terms and conditions of the Enabling Act, the Plan, and the Operating Rules. Ref: Minn. Stat. § 79.34, subd. 2. Plan, Article VIA.

Liability of Association. The Association shall reinsure the Member’s 's Minnesota workers’ ' compensation liability and shall indemnify the Member for 100 percent of the amount of statutory ultimate loss arising out of each occurrence compensable under Minn. Stat. Ch. 176 to the extent that the ultimate loss exceeds the Member’s 's retention limit in effect at the time of the loss occurrence and subject to the terms and conditions of the Enabling Act, the Plan, and the Operating Rules. RefReferences: Minn. Stat. § Stat Section 79.34, subd. 2subd.2. Plan, Article VIA.VI. A.

Liability of Association. The Association shall reinsure the Member’s Minnesota workers’ compensation liability and shall indemnify the Member for 100 percent of the amount of statutory ultimate loss arising out of each occurrence compensable under Minn. Stat. Ch. 176 to the extent that the ultimate loss exceeds the Member’s retention limit in effect at the time of the loss occurrence and subject to the terms and conditions of the Enabling Act, the Plan, and the Operating Rules. Ref: Minn. Stat. § 79.34, subd. 2. Plan, Article VIA.VI.A.

Liability of Association. The Association shall reinsure the Member’s Minnesota workers’ compensation liability and shall indemnify the Member for 100 percent of the amount of statutory ultimate loss Ultimate Loss arising out of each occurrence compensable under Minn. Stat. Ch. 176 to the extent that the ultimate loss Ultimate Loss exceeds the Member’s retention limit Retention Limit in effect at the time of the loss occurrence Loss Occurrence and subject to the terms and conditions of the Enabling Act, the Plan, and the Operating Rules. Ref: Minn. Stat. § 79.34, subd. 2. Plan, Article VIA.VI.A.

Liability of Association. The Association shall reinsure the Member’s 's Minnesota workers’ ' compensation liability and shall indemnify the Member for 100 percent of the amount of statutory ultimate loss arising out of each occurrence compensable under Minn. Stat. Ch. 176 to the extent that the ultimate loss exceeds the Member’s 's retention limit in effect at the time of the loss occurrence and subject to the terms and conditions of the Enabling Act, the Plan, and the Operating Rules. Ref: Minn. Stat. § Section 79.34, subd. 2. Plan, Article VIA.VI.A.