Common use of LIMITS OF COVER Clause in Contracts

LIMITS OF COVER. The Company shall retain for its own account and pay under one or more of the Company's policies the first $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 $10,000,000, each and every loss, but the Reinsurer's maximum liability shall not exceed $10,000,000 resulting from each and every loss.

Appears in 1 contract

Samples: Excess of Loss Reinsurance Agreement (Scpie Holdings Inc)

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LIMITS OF COVER. The Company shall retain for its own account and pay under one or more of the Company's ’s policies the first $10,000,000 20,000,000 ultimate net loss, each and every loss event and the Reinsurer agrees to reimburse the Company for the amount of ultimate net loss paid in excess of $10,000,00020,000,000, each and every lossloss event, but the Reinsurer's ’s maximum liability shall not exceed $10,000,000 30,000,000 (100% figure) resulting from each and every lossloss event.

Appears in 1 contract

Samples: Medical Malpractice Shortfall Excess of Loss Reinsurance Agreement (Scpie Holdings Inc)

LIMITS OF COVER. The Company shall retain for its own account and pay under one or more of the Company's policies the first $10,000,000 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 $10,000,0005,000,000, each and every loss, but the Reinsurer's maximum liability shall not exceed $10,000,000 5,000,000 resulting from each and every loss.

Appears in 1 contract

Samples: Excess of Loss Reinsurance Agreement (Scpie Holdings Inc)

LIMITS OF COVER. The Company shall retain for its own account and pay under one or more of the Company's ’s policies the first $10,000,000 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 $10,000,0005,000,000, each and every loss, but the Reinsurer's maximum ’s liability under this Exhibit shall not exceed $10,000,000 5,000,000 resulting from each and every loss.

Appears in 1 contract

Samples: Excess of Loss Reinsurance Agreement (Scpie Holdings Inc)

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LIMITS OF COVER. The Company shall retain for its own account and pay under one or more of the Company's ’s policies the first $10,000,000 2,000,000 ultimate net loss, each and every loss event and the Reinsurer agrees to reimburse the Company for the amount of ultimate net loss paid in excess of $10,000,0002,000,000, each and every lossloss event, but the Reinsurer's maximum ’s liability shall not exceed $10,000,000 3,000,000 (100% figure) resulting from each and every lossloss event.

Appears in 1 contract

Samples: Medical Malpractice Shortfall Excess of Loss Reinsurance Agreement (Scpie Holdings Inc)

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