Common use of Liability of the Pool Clause in Contracts

Liability of the Pool. The liability of the Pool for any coverage ceded hereunder will begin and end simultaneously with the liability of the Ceding Company, except that: a. No liability will be assumed for facultative submissions unless an unconditional offer has been made by the Pool member(s) and accepted by the Ceding Company as provided by paragraph two of Article III, Facultative Reinsurance.