Common use of LIMITS OF COVER Clause in Contracts

LIMITS OF COVER. A.1. As respects policies in force during the term of this Agreement, the Company shall retain for its own account and pay under one or more of the Company's policies the first $5,000,000 ultimate net loss, each and every loss and the Reinsurer agrees to reimburse the Company for the amount of ultimate net loss paid in excess of $5,000,000, each and every loss, but the Reinsurer's maximum liability shall not exceed $5,000,000 resulting from each and every loss. A.2. As respects losses which were first reported to the Company during the period January 1, 1987 to December 31, 1992 and are first reported to the Reinsurer during the term of this Agreement, the Company shall retain for its own account and pay under one or more of the Company's policies the first $5,000,000 ultimate net loss, each and every loss and the Reinsurer agrees to reimburse the Company for the amount of ultimate net loss paid in excess of $5,000,000, each and every loss, but the Reinsurer's maximum liability shall not exceed $5,000,000 resulting from each and every loss. The coverage provided hereunder shall be no narrower nor broader in scope than that which was provided to the Company under their Third Excess of Loss Reinsurance Agreement in force for the same period (see attached Cover Note Numbers 01-87-0022, 01-88-0022, 01-89-0022, 01-90-0022, 01-91-0022 and 01-92-0022). It is understood that the Maximum Annual Aggregate Amount recoverable under A.1. and A.2. combined is $10,000,000 in all during the period of this Agreement.

LIMITS OF COVER. A.1. As respects policies in force during the term of this Agreement, the Company shall retain for its own account and pay under one or more of the Company's policies the first $5,000,000 ultimate net loss, each and every loss and the Reinsurer agrees to reimburse the Company for the amount of ultimate net loss paid in excess of $5,000,000, each and every loss, but the Reinsurer's maximum liability shall not exceed $5,000,000 resulting from each and every loss. A.2. As respects losses which were first reported to the Company during the period January 1, 1987 to December 31, 1992 1991 and are first reported to the Reinsurer during the term of this Agreement, the Company shall retain for its own account and pay under one or more of the Company's policies the first $5,000,000 ultimate net loss, each and every loss and the Reinsurer agrees to reimburse the Company for the amount of ultimate net loss paid in excess of $5,000,000, each and every loss, but the Reinsurer's maximum liability shall not exceed $5,000,000 resulting from each and every loss. The coverage provided hereunder shall be no narrower nor broader in scope than that which was provided to the Company under their Third Excess of Loss Reinsurance Agreement in force for the same period (see attached Cover Note Numbers 01-87-0022, 01-88-0022, 01-89-0022, 01-90-0022, 01-91-0022 and 01-9291-0022). It is understood that the Maximum Annual Aggregate Amount recoverable under A.1. and A.2. combined is $10,000,000 in all during the period of this Agreement.

LIMITS OF COVER. A.1. As respects policies in force during the term of this Agreement, the Company shall retain for its own account and pay under one or more of the Company's policies the first $5,000,000 2,000,000 ultimate net loss, each and every loss and the Reinsurer agrees to reimburse the Company for the amount of ultimate net loss paid in excess of $5,000,0002,000,000, each and every loss, but the Reinsurer's maximum liability shall not exceed $5,000,000 3,000,000 resulting from each and every loss. A.2. As respects losses which were first reported to the Company during the period January 1, 1987 1986 to December 31, 1992 and are first reported to the Reinsurer during the term of this Agreement, the Company shall retain for its own account and pay under one or more of the Company's policies the first $5,000,000 2,000,000 ultimate net loss, each and every loss and the Reinsurer agrees to reimburse the Company for the amount of ultimate net loss paid in excess of $5,000,0002,000,000, each and every loss, but the Reinsurer's maximum liability shall not exceed $5,000,000 3,000,000 resulting from each and every loss. The coverage provided hereunder shall be no narrower nor broader in scope than that which was provided to the Company under their Third Second Excess of Loss Reinsurance Agreement in force for the same period (see attached Cover Note Numbers 10710- 003/86, 01-87-00220021, 01-88-00220021, 01-89-00220021, 01-90-00220021, 01-91-0022 0021 and 01-92-00220021). It is understood that the Maximum Annual Aggregate Amount recoverable under A.1. and A.2. combined is $10,000,000 in all during the period of this Agreement.

LIMITS OF COVER. A.1. As respects policies in force during the term of this Agreement, the Company shall retain for its own account and pay under one or more of the Company's policies the first $5,000,000 ultimate net loss, each and every loss and the Reinsurer agrees to reimburse the Company for the amount of ultimate net loss paid in excess of $5,000,000, each and every loss, but the Reinsurer's maximum liability shall not exceed $5,000,000 resulting from each and every loss. A.2. As respects losses which were first reported to the Company during the period January 1, 1987 1986 to December 31, 1992 1989 and are first reported to the Reinsurer during the term of this Agreement, the Company shall retain for its own account and pay under one or more of the Company's policies the first $5,000,000 ultimate net loss, each and every loss and the Reinsurer agrees to reimburse the Company for the amount of ultimate net loss paid in excess of $5,000,000, each and every loss, but the Reinsurer's maximum liability shall not exceed $5,000,000 resulting from each and every loss. The coverage provided hereunder shall be no narrower nor broader in scope than that which was provided to the Company under their Third Excess of Loss Reinsurance Agreement in force for the same period (see attached Cover Note Numbers 10710-004/86, 01-87-0022, 01-88-0022, 01-89-0022, 01-90-0022, 01-91-0022 and 01-9289-0022). It is understood that the Maximum Annual Aggregate Amount recoverable under A.1. and A.2. combined is $10,000,000 in all during the period of this Agreement.

LIMITS OF COVER. A.1. As respects policies in force during the term of this Agreement, the Company shall retain for its own account and pay under one or more of the Company's policies the first $5,000,000 10,000,000 ultimate net loss, each and every loss and the Reinsurer agrees to reimburse the Company for the amount of ultimate net loss paid in excess of $5,000,00010,000,000, each and every loss, but the Reinsurer's maximum liability shall not exceed $5,000,000 10,000,000 resulting from each and every loss. A.2. As respects losses which were first reported to the Company during the period January 1, 1987 1992 to December 31, 1992 and are first reported to the Reinsurer during the term of this Agreement, the Company shall retain for its own account and pay under one or more of the Company's policies the first $5,000,000 10,000,000 ultimate net loss, each and every loss and the Reinsurer agrees to reimburse the Company for the amount of ultimate net loss paid in excess of $5,000,00010,000,000, each and every loss, but the Reinsurer's maximum liability shall not exceed $5,000,000 10,000,000 resulting from each and every loss. The coverage provided hereunder shall be no narrower nor broader in scope than that which was provided to the Company under their Third Excess of Loss Reinsurance Agreement in force for the same period (see attached Cover Note Numbers 01-87-0022, 01-88-0022, 01-89-0022, 01-90-0022, 01-91-0022 and Number 01-92-00220599). It is understood that the Maximum Annual Aggregate Amount recoverable under A.1. and A.2. combined is $10,000,000 20,000,000 in all during the period of this Agreement.