LIMIT AND RETENTION. A. The Company shall retain the first $5,000,000 of Ultimate Net Loss as respects any one Loss Occurrence. The Subscribing Reinsurer shall then be liable for the amount by which the Ultimate Net Loss exceeds the Company’s retention of $5,000,000 but the Subscribing Reinsurer shall never exceed $5,000,000 any one Loss Occurrence.
Appears in 3 contracts
Samples: Entire Agreement, Entire Agreement (Liberty Mutual Agency Corp), Interest and Liabilities Agreement (Liberty Mutual Agency Corp)
LIMIT AND RETENTION. A. The Company shall retain the first $5,000,000 10,000,000 of Ultimate Net Loss as respects any one Loss Occurrence. The Subscribing Reinsurer shall then be liable for the amount by which the Ultimate Net Loss exceeds the Company’s retention of $5,000,000 10,000,000 but the Subscribing Reinsurer shall never exceed $5,000,000 15,000,000 any one Loss Occurrence.
Appears in 1 contract
Samples: Interest and Liabilities Agreement (Liberty Mutual Agency Corp)
