Common use of LIABILITY OF THE REINSURER Clause in Contracts

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. The Reinsurer shall pay to the Company, with respect to liability business each Risk of the Company, the amount of net loss each occurrence Net Loss sustained by the Company in excess of the Company Retention but not exceeding the Limit Limits of Liability of the Reinsurer as set forth in the Schedule of Reinsurance. SCHEDULE OF REINSURANCE -------------------------------------------------------------------------------- Company ____________________________________________________________________________ Class of Business Company Retention Limit Limits of Liability of the Reinsurer -------------------------------------------------------------------------------- Liability ____________________________________________________________________________ Property Business $500,000 1,000,000 $2,500,000 --------------------------------------------------------------------------------2,000,000 ____________________________________________________________________________ The liability of the Reinsurer shall not exceed:

LIABILITY OF THE REINSURER. The Reinsurer shall pay to the Company, with respect to liability Other Liability business of the Company, the amount of net loss Net Loss each occurrence 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 Limit of Liability Class of Business Retention Limit of Liability of the Reinsurer -------------------------------------------------------------------------------- ------------------------------------------------------------------------------- First Second Excess Cover Excess Cover Other Liability Business $500,000 $2,500,000 --------------------------------------------------------------------------------500,000 $2,000,000 -------------------------------------------------------------------------------