Common use of Loss Adjustment and Settlement Clause in Contracts

Loss Adjustment and Settlement. (LM-01500-2006.09.07-A) (AM) A. The Company shall give notice, as soon as practicable, to the Subscribing Reinsurer of any claim that it has reason to believe could involve this Contract. The Company shall keep the Subscribing Reinsurer informed of significant developments likely to affect the cost of any claim or claims hereunder. B. The Company or a Legal Entity may commence, continue, defend, settle, or withdraw from actions, suits, or prosecutions and, generally, do all such things relating to any claim or loss in which the Subscribing Reinsurer is interested as, in the Company’s or a Legal Entity’s judgment, may be beneficial or expedient to the Company and the Subscribing Reinsurer. The Company and the Legal Entities shall be the sole judges as to what claims are covered under the Policies. All of the Ultimate Net Loss, as well as all loss settlements made and judgments paid by the Company or a Legal Entity, provided they are within the terms of this Contract either under the strict conditions of the Policies or by way of compromise, shall be unconditionally binding upon the Subscribing Reinsurer, who agrees to pay all amounts for which they are liable immediately upon reasonable evidence of the amount due being furnished to the Subscribing Reinsurer by the Company. The true intent of this Contract is that the Subscribing Reinsurer shall, in every case to which this Contract applies, follow the settlements of the Company and the Legal Entities.

Loss Adjustment and Settlement. (LM-01500-2006.09.07-A) (AM) A. The Company shall give notice, as soon as practicable, to the Subscribing Reinsurer of any claim that it has reason to believe could involve this Contract. The Company shall keep the Subscribing Reinsurance Addendum 1 No. 0100200-SUM08 Reinsurer informed of significant developments likely to affect the cost of any claim or claims hereunder. B. The Company or a Legal Entity may commence, continue, defend, settle, or withdraw from actions, suits, or prosecutions and, generally, do all such things relating to any claim or loss in which the Subscribing Reinsurer is interested as, in the Company’s or a Legal Entity’s judgment, may be beneficial or expedient to the Company and the Subscribing Reinsurer. The Company and the Legal Entities shall be the sole judges judge as to what claims are covered under the Policies. All of the Ultimate Net LossLoss and Loss Occurrences, as well as all loss settlements made and judgments paid by the Company or a Legal EntityCompany, provided they are within the terms of this Contract either under the strict conditions of the Policies or by way of compromise, shall be unconditionally binding upon the Subscribing Reinsurer, who agrees to pay all amounts for which they are liable immediately upon reasonable evidence of the amount due being furnished to the Subscribing Reinsurer by the Company. The true intent of this Contract is that the Subscribing Reinsurer shall, in every case to which this Contract applies, follow the settlements and the fortunes of the Company. C. The Company and shall advise the Legal EntitiesSubscribing Reinsurer of all claims which: 1. Are reserved by the Company in excess of 50.0% of the Company’s retention.

Loss Adjustment and Settlement. (LM-01500-2006.09.07-A) (AM) A. The Company shall give notice, as soon as practicable, to the Subscribing Reinsurer of any claim that it has reason to believe could involve this Contract. Contract The Company shall keep the Subscribing Reinsurer informed of significant developments likely to affect the cost of any claim or claims hereunder. B. . The Company or a Legal Entity may commence, continue, defend, settle, or withdraw from actions, suits, or prosecutions and, generally, do all such things relating to any claim or loss in which the Subscribing Reinsurer is interested as, in the Company’s or a Legal Entity’s judgment, may be beneficial or expedient to the Company and the Subscribing Reinsurer. The Company and the Legal Entities shall be the sole judges judge as to what claims are covered under the their Policies. All of the Ultimate Net LossLoss (and Loss Occurrences), as well as all loss settlements made and judgments paid by the Company or a Legal Entity, provided they are within the terms and conditions of the original policies and within the terms and conditions of this Contract either under the strict conditions of the Policies or by way of compromise, shall be unconditionally binding upon the Subscribing Reinsurer, who agrees to pay all amounts for which they are liable immediately upon reasonable evidence of the amount due being furnished to the Subscribing Reinsurer by the Company. The true intent of this Contract is that the Subscribing Reinsurer shall, in every case to which this Contract applies, follow the settlements of the Company and the Legal Entities. The Company shall advise the Subscribing Reinsurer of all claims which: 1. Are reserved by the Company for an amount in excess of 50% of its retention.

Loss Adjustment and Settlement. (LM-01500-2006.09.07-A) (AM) A. The Company shall give notice, as soon as practicable, to the Subscribing Reinsurer of any claim that it has reason to believe could involve this Contract. The Company shall keep the Subscribing Reinsurer informed of significant developments likely to affect the cost of any claim or claims hereunder. B. The Company or a Legal Entity may commence, continue, defend, settle, or withdraw from actions, suits, or prosecutions and, generally, do all such things relating to any claim or loss in which the Subscribing Reinsurer is interested as, in the Company’s or a Legal Entity’s judgment, may be beneficial or expedient to the Company and the Subscribing Reinsurer. The Company and the Legal Entities shall be the sole judges judge as to what claims are covered under the Policies. All of the Ultimate Net LossLoss and Loss Occurrences, as well as all loss settlements made and judgments paid by the Company or a Legal EntityCompany, provided they are within the terms of this Contract either under the strict conditions of the Policies or by way of compromise, shall be unconditionally binding upon the Subscribing Reinsurer, who agrees to pay all amounts for which they are liable immediately upon reasonable evidence of the amount due being furnished to the Subscribing Reinsurer by the Company. The true intent of this Effective: January 1, 2010 Page 17 of 42 Workers’ Compensation Excess of Loss Reinsurance Addendum 3 No. 0100200-SUM09 Contract is that the Subscribing Reinsurer shall, in every case to which this Contract applies, follow the settlements and the fortunes of the Company. C. The Company and shall advise the Legal Entities.Subscribing Reinsurer of all claims which:

Loss Adjustment and Settlement. (LM-01500-2006.09.07-A) (AM) A. The Company shall give notice, as soon as practicable, to the Subscribing Reinsurer of any claim that it has reason to believe could involve this Contract. The Company shall keep the Subscribing Reinsurer informed of significant developments likely to affect the cost of any claim or claims hereunder. B. The Company or a Legal Entity may commence, continue, defend, settle, or withdraw from actions, suits, or prosecutions and, generally, do all such things relating to any claim or loss in which the Subscribing Reinsurer is interested as, in the Company’s or a such Legal Entity’s judgment, may be beneficial or expedient to the Company or such Legal Entity, as applicable, and the Subscribing Reinsurer. The Company and the Legal Entities shall be the sole judges judge as to what claims are covered under the their Policies. All of the Ultimate Net LossLoss and Loss Occurrences, as well as all loss settlements made and judgments paid by the Company or a Legal Entity, provided they are within the terms of this Contract either under the strict conditions of the Policies or by way of compromise, shall be unconditionally binding upon the Subscribing Reinsurer, who agrees to pay all amounts for which they are it is liable immediately upon reasonable evidence of the amount due being furnished to the Subscribing Reinsurer by the Company. The true intent of this Contract is that the Subscribing Reinsurer shall, in every case to which this Contract applies, follow the settlements of the Company and the Legal Entities.

Loss Adjustment and Settlement. (LM-01500-2006.09.07-A) (AM) A. The Company shall give notice, as soon as practicable, to the Subscribing Reinsurer of any claim that it has reason to believe could involve this Contract. The Company shall keep the Subscribing Reinsurer informed of significant developments likely to affect the cost of any claim or claims hereunder. B. . The Company or a Legal Entity may commence, continue, defend, settle, or withdraw from actions, suits, or prosecutions and, generally, do all such things relating to any claim or loss in which the Subscribing Reinsurer is interested as, in the Company’s or a Legal Entity’s judgment, may be beneficial or expedient to the Company and the Subscribing Reinsurer. The Company and the Legal Entities shall be the sole judges judge as to what claims are covered under the their Policies. All of the Ultimate Net LossLoss (and Loss Occurrences), as well as all loss settlements made and judgments paid by the Company or a Legal Entity, provided they are within the terms and conditions of the original policies and within the terms and conditions of this Contract either under the strict conditions of the Policies or by way of compromise, shall be unconditionally binding upon the Subscribing Reinsurer, who agrees to pay all amounts for which they are liable immediately upon reasonable evidence of the amount due being furnished to the Subscribing Reinsurer by the Company. The true intent of this Contract is that the Subscribing Reinsurer shall, in every case to which this Contract applies, follow the settlements of the Company and the Legal Entities. The Company shall advise the Subscribing Reinsurer of all claims which: 1. Are reserved by the Company for an amount in excess of 50% of its retention.

Loss Adjustment and Settlement. (LM-01500-2006.09.072009.09.29-A) (AM) A. The Company shall give notice, as soon as practicable, to the Subscribing Reinsurer of any claim that it has reason to believe could involve this Contract. The Company shall keep the Subscribing Reinsurer informed of significant developments likely to affect the cost of any claim or claims hereunder. B. The Company or a Legal Entity may commence, continue, defend, settle, or withdraw from actions, suits, or prosecutions and, generally, do all such things relating to any claim or loss in which the Subscribing Reinsurer is interested as, in the Company’s or a Legal Entity’s judgment, may be beneficial or expedient to the Company and the Subscribing Reinsurer. The Company and the Legal Entities shall be the sole judges as to what claims are covered under the Policies. All of the Ultimate Net LossLoss and/or Loss Occurrences, as well as all loss settlements made and judgments paid by the Company or a Legal Entity, provided they are within the terms of this Contract either under the strict conditions of the Policies or by way of compromise, shall be unconditionally binding upon the Subscribing Reinsurer, who agrees to pay all amounts for which they are liable immediately upon reasonable evidence of the amount due being furnished to the Subscribing Reinsurer by the Company. The true intent of this Contract is that the Subscribing Reinsurer shall, in every case to which this Contract applies, follow the settlements and the fortunes of the Company and the Legal Entities.

Loss Adjustment and Settlement. (LM-01500-2006.09.07-A) (AM) A. The Company shall give notice, as soon as practicableaccording to the Reports & Remittances Article, to the Subscribing Reinsurer of any claim that it has reason to believe could involve this ContractAgreement. The Company shall keep the Subscribing Reinsurer informed of significant developments likely to affect the cost of any claim or claims hereunder. B. . The Company or a Legal Entity its affiliates may commence, continue, defend, settle, or withdraw from actions, suits, or prosecutions and, generally, do all such things relating to any claim or loss in which the Subscribing Reinsurer is interested Interested as, in the Company’s or a Legal Entity’s its affiliates’ judgment, may be beneficial or expedient to the Company Company; its affiliates and the Subscribing Reinsurer. The Company and the Legal Entities shall be the sole judges judge as to what claims are covered under the its Policies. All of the Company’s Ultimate Net LossLoss (and loss occurrences), as well as all loss settlements made and judgments paid by the Company or a Legal Entityits affiliates, provided they are within the terms of this Contract Agreement either under the strict conditions of the Policies or by way of compromise, shall be unconditionally binding upon the Subscribing Reinsurer, who agrees to pay all amounts for which they are it is liable immediately upon reasonable evidence of the amount due being furnished to the Subscribing Reinsurer by the Company. The true intent of this Contract Agreement is that the Subscribing Reinsurer shall, in every case to which this Contract Agreement applies, follow the settlements of the Company and the Legal Entitiesits affiliates.

Loss Adjustment and Settlement. (LM-01500-2006.09.07-A) (AM) A. The Company shall give notice, as soon as practicable, to the Subscribing Reinsurer of any claim that it has reason to believe could involve this Contract. The Company shall keep the Subscribing Reinsurer informed of significant developments likely to affect the cost of any claim or claims hereunder. B. . The Company or a Legal Entity may commence, continue, defend, settle, or withdraw from actions, suits, or prosecutions and, generally, do all such things relating to any claim or loss in which the Subscribing Reinsurer is interested as, in the Company’s or a Legal Entity’s judgment, may be beneficial or expedient to the Company and the Subscribing Reinsurer. The Company and the Legal Entities shall be the sole judges judge as to what claims are covered under the their Policies. All of the Ultimate Net LossLoss (and loss occurrences), as well as all loss settlements made and judgments paid by the Company or a Legal Entity, provided they are within the terms of this Contract either under the strict conditions of the Policies or by way of compromise, shall be unconditionally binding upon the Subscribing Reinsurer, who agrees to pay all amounts for which they are liable immediately upon reasonable evidence of the amount due being furnished to the Subscribing Reinsurer by the Company. The true intent of this Contract is that the Subscribing Reinsurer shall, in every case to which this Contract applies, follow the settlements of the Company and the Legal Entities. The Company shall advise the Subscribing Reinsurer of all claims which: 1. Are reserved by the Company or a Legal Entity for an amount in excess of 50% of its retention.