Common use of LOSS CORRIDOR Clause in Contracts

LOSS CORRIDOR. As respects Policies with effective or renewal dates during each Contract Year, the Company shall retain, under this Contract, 100% of Losses Incurred above a Loss Ratio of 74%. The Company will remain liable for such Losses Incurred unless the Loss Ratio exceeds 88%, at which point the Reinsurer's liability will resume (based on its pro rata share) for any Losses Incurred in excess of an 88% Loss Ratio. Said additional retention is called the "Loss Corridor." The Loss Corridor is not subject to any effect from a deficit carryforward from prior Contract Years.

LOSS CORRIDOR. As respects Policies with effective or renewal dates during each the Contract Year, the Company shall retain, under this Contract and the Companion Contract, 100% of Losses Incurred above a Loss Ratio of 7473.0%. The Company will remain liable for such Losses Incurred unless the Losses Incurred exceeds a Loss Ratio exceeds 88of 84.0%, at which point the Reinsurer's liability will resume (based on its pro rata share) for any Losses Incurred in excess of an 8884.0% Loss Ratio. Said additional retention is called the "Loss Corridor." The Loss Corridor is not subject to any effect from a deficit carryforward from prior Contract Years.

LOSS CORRIDOR. As respects Policies with effective or renewal dates during each the Contract Year, the Company shall retain, under this Contract and the Companion Contract, 100% of Losses Incurred above a Loss Ratio of 7471.5%. The Company will remain liable for such Losses Incurred unless the Losses Incurred exceeds a Loss Ratio exceeds 88of 93.0%, at which point the Reinsurer's liability will resume (based on its pro rata share) for any Losses Incurred in excess of an 8893.0% Loss Ratio. Said additional retention is called the "Loss Corridor." The Loss Corridor is not subject to any effect from a deficit carryforward from prior Contract Years.

LOSS CORRIDOR. As respects Policies with effective or renewal dates during each Contract Year, the Company shall retain, under this Contract, 100% of Losses Incurred above a Loss Ratio of 7481.5%. , The Company will remain liable for such Losses Incurred unless the Losses Incurred exceeds a Loss Ratio exceeds 88of 87.5%, at which point the Reinsurer's liability will resume (based on its pro rata share) for any Losses Incurred in excess of an 8887.5% Loss Ratio. Said additional retention is called the "Loss Corridor." The Loss Corridor is not subject to any effect from a deficit carryforward from prior Contract Years.