LIABILITY OF THE REINSURER. A. The liability of the Reinsurer shall follow that of the Company in every case and be subject in all respects to all the general and specific stipulations, clauses, waivers and modifications of the Company's policies and any endorsements thereon. However, in no event shall this be construed in any way to provide coverage outside the terms and conditions set forth in this Contract.
LIABILITY OF THE REINSURER. The Reinsurer shall pay to the Company, with respect to liability business of the Company, the amount of net loss each occurrence in excess of the Company Retention but not exceeding the Limit of Liability of the Reinsurer as set forth in the Schedule of Reinsurance. SCHEDULE OF REINSURANCE -------------------------------------------------------------------------------- Company Class of Business Retention Limit of Liability of the Reinsurer -------------------------------------------------------------------------------- Liability Business $500,000 $2,500,000 --------------------------------------------------------------------------------
LIABILITY OF THE REINSURER. A. The liability of the REINSURER shall follow that of the COMPANY in every case and be subject in all respects to all the general and specific stipulations, clauses, waivers and modifications of the COMPANY'S policies and any endorsements thereon. However, in no event shall this be construed in any way to provide coverage outside the terms and conditions set forth in this Contract.
LIABILITY OF THE REINSURER. A. The liability of the Reinsurer hereunder shall commence obligatorily and simultaneously with that of the Company.
LIABILITY OF THE REINSURER. The liability of the Reinsurer shall coincide with that of the Company, provided same is within the terms and conditions of the original policies of insurance and within the terms of this Contract. The liability of the Reinsurer under this Contract or any endorsements attached hereto shall in no event exceed the limits specified herein as defined under Article V paragraph A and modified by paragraph B, nor be extended to cover any risks, perils or classes of insurance generally or specifically excluded herein. Nothing herein shall in any manner create any obligations or establish any rights against the Reinsurer in favor of any third party or any persons not parties to this Contract.
LIABILITY OF THE REINSURER. (A) Subject to the provisions of paragraph (B) and the article entitled LAYER TWO SUNSET PROVISION, the Reinsurer's limit of liability for Ultimate Net Loss on the Business Covered shall in no event exceed:
LIABILITY OF THE REINSURER. A. Commencing as of the Effective Time, the Company hereby agrees to cede to the Reinsurer, and the Reinsurer agrees to accept and reinsure, the Ultimate Net Loss of the Company equal to forty percent (40%) of the Affiliate Ultimate Net Loss with respect to Covered Business ceded to the Company by each Affiliate, subject to all other terms and conditions set forth in this Agreement; provided, however, that the Reinsurer's maximum liability hereunder in respect of a single loss under a Policy reinsured hereunder (without taking into account any Loss Adjustment Expenses, Extra Contractual Obligations or Loss in Excess of Policy Limits attributable thereto) shall not exceed $2,000,000. For purposes of this Agreement, "Affiliate Ultimate Net Loss" means the sum actually paid or to be paid by such Affiliate in settlement of losses for which it is liable in respect of the Covered Business, after making deductions for all inuring reinsurance (other than reinsurance with any direct or indirect subsidiary of AmTrust), whether collectible or not, and all Recoveries. Without limiting the generality of the foregoing, the Reinsurer shall be liable for its proportionate share of any experience-related premium rebates or credits to policyholders under Policies of workers compensation insurance, and shall benefit proportionately to the extent any such policyholder pays any additional premiums as a result of the experience under such Policies.
LIABILITY OF THE REINSURER. The REINSURER’s limit of liability for this AGREEMENT shall be as set forth in the Exhibit(s) attached hereto and forming a part hereof.
LIABILITY OF THE REINSURER. The REINSURER shall be liable to the COMPANY for the amount of net loss sustained by the COMPANY in excess of the COMPANY'S Retention, but not exceeding the Limit of Liability of the REINSURER as stipulated in the Schedule of Reinsurance. NATIONAL REINSURANCE CORPORATION IT IS MUTUALLY AGREED that effective at 12:01 a.m., on the various dates set forth below, this Agreement is amended as follows: January 1, 1995:
LIABILITY OF THE REINSURER. The REINSURER shall be liable to the COMPANY for the amount of net loss sustained by the COMPANY in excess of the COMPANY'S Retention, but not exceeding the Limit of Liability of the REINSURER as stipulated in the Schedule of Reinsurance. SCHEDULE OF REINSURANCE COMPANY Limit of Liability Class of Business Retention of the REINSURER Property $200,000 Each Risk $800,000 Each risk subject To a maximum of $2,400,000 in any one Loss Occurrence Casualty $300,000 Each Occurrence $2,700,000 Each Occurrence Combinations of Above $300,000 Each Combination $200,000 Each Retentions Loss Combination Loss
