Common use of Loss Occurrence Clause in Contracts

Loss Occurrence. A. The term "loss occurrence" shall mean the sum of all individual losses directly occasioned by any one disaster, accident or loss or series of disasters, accidents or losses arising out of one event which occurs within the area of one state of the United States or province of Canada and states or provinces contiguous thereto and to one another. However, the duration and extent of any one "loss occurrence" shall be limited to all individual losses sustained by the Company occurring during any period of 168 consecutive hours arising out of and directly occasioned by the same event, except that the term "loss occurrence" shall be further defined as follows:

Appears in 13 contracts

Samples: Excess Catastrophe Reinsurance Contract (Philadelphia Consolidated Holding Corp), Reinsurance Contract (Philadelphia Consolidated Holding Corp), Excess Catastrophe Reinsurance Contract (Philadelphia Consolidated Holding Corp)

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Loss Occurrence. A. The term "loss occurrence" shall mean the sum of all individual losses directly occasioned by any one disaster, accident or loss or series of disasters, accidents or losses arising out of one event which occurs within the area of one state of the United States or province of Canada and states or provinces contiguous thereto and to one another. However, the duration and extent of any one "loss occurrence" shall be limited to all individual losses sustained by the Company occurring during any period of 168 consecutive hours arising out of and directly occasioned by the same event, except that the term "loss occurrence" shall be further defined as follows:

Appears in 6 contracts

Samples: Reinsurance Contract (Philadelphia Consolidated Holding Corp), Reinsurance Contract (Philadelphia Consolidated Holding Corp), Excess Catastrophe Reinsurance Contract (Philadelphia Consolidated Holding Corp)

Loss Occurrence. A. The term "loss occurrence" “Loss Occurrence” shall mean the sum of all individual losses directly occasioned by any one disaster, accident or loss or series of disasters, accidents or losses arising out of one event which occurs within the area of one state of the United States or province of Canada and states or provinces contiguous thereto and to one another. However, the duration and extent of any one "loss occurrence" Loss Occurrence shall be limited to all individual losses sustained by the Company occurring during any period of 168 consecutive hours arising out of and directly occasioned by the same event, event except that the term "loss occurrence" “Loss Occurrence” shall be further defined as follows:

Appears in 3 contracts

Samples: Reinsurance Agreement (Liberty Mutual Agency Corp), Reinsurance Agreement (Liberty Mutual Agency Corp), Property Excess of Loss Agreement of Reinsurance (Philadelphia Consolidated Holding Corp)

Loss Occurrence. A. The term "loss occurrence" shall mean the sum of all individual losses directly occasioned by any one disaster, accident or loss or series of disasters, accidents or losses arising out of one event which occurs within the area of one state of the United States or province of Canada and states or provinces contiguous thereto and to one another. However, the duration and extent of any one "loss occurrence" shall be limited to all individual losses sustained by the Company occurring during any period of 168 consecutive hours arising out of and directly occasioned by the same event, except that the term "loss occurrence" shall be further defined as follows:

Appears in 1 contract

Samples: Excess Catastrophe Reinsurance Contract (Philadelphia Consolidated Holding Corp)

Loss Occurrence. A. The term "loss occurrence" “Loss Occurrence” shall mean the sum of all individual losses directly occasioned by any one disaster, accident or loss or series of disasters, accidents or losses arising out of one event which occurs within the area of one state of the United States or province of Canada and states or provinces contiguous thereto and to one another. However, the duration and extent of any one "loss occurrence" Loss Occurrence shall be limited to all individual losses sustained by the Company occurring during any period of 168 consecutive hours arising out of and directly occasioned by the same event, event except that the term "loss occurrence" “Loss Occurrence” shall be further defined as follows:

Appears in 1 contract

Samples: Reinsurance Agreement (Safety Insurance Group Inc)

Loss Occurrence. A. The term "loss occurrence" shall mean the sum of all individual losses directly occasioned by any one disaster, accident or loss or series of disasters, accidents or losses arising out of one event which occurs within the area of one state of the United States or province of Canada and states or provinces contiguous thereto and to one another. However, the duration and extent of any one "loss occurrence" shall be limited to all individual losses sustained by the Company occurring during any period of 168 consecutive hours arising out of and directly occasioned by the same event, except that the term "loss occurrence" shall be further defined as follows:

Appears in 1 contract

Samples: Excess Catastrophe Reinsurance Contract (Philadelphia Consolidated Holding Corp)

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Loss Occurrence. A. The term "loss occurrenceLoss Occurrence" shall mean the sum of all individual losses directly occasioned by any one disaster, accident or loss or series of disasters, accidents or losses arising out of one event which occurs within the area of one state of the United States or province of Canada and states or provinces contiguous thereto and to one another. However, the duration and extent of any one "loss occurrence" Loss Occurrence shall be limited to all individual losses sustained by the Company occurring during any period of 168 consecutive hours arising out of and directly occasioned by the same event, event except that the term "loss occurrenceLoss Occurrence" shall be further defined as follows:

Appears in 1 contract

Samples: Casualty Excess of Loss Reinsurance Agreement (Philadelphia Consolidated Holding Corp)

Loss Occurrence. A. The term "loss occurrenceLoss Occurrence" shall mean the sum of all individual losses directly occasioned by any one disaster, accident or loss or series of disasters, accidents or losses arising out of one event which occurs within the area of one state of the United States or province of Canada and states or provinces contiguous thereto and to one another. However, the duration and extent of any one "loss occurrence" Loss Occurrence shall be limited to all individual losses sustained by the Company occurring during any period of 168 consecutive hours arising out of and directly occasioned by the same event, event except that the term "loss occurrenceLoss Occurrence" shall be further defined as follows:

Appears in 1 contract

Samples: Casualty Excess of Loss Reinsurance Agreement (Philadelphia Consolidated Holding Corp)

Loss Occurrence. A. The term "loss occurrence" shall mean the sum of all individual losses directly occasioned by any one disaster, accident or loss or series of disasters, accidents or losses arising out of one event which occurs within the area of one state of the United States or province of Canada and states or provinces contiguous thereto and to one another. However, the duration and extent of any one "loss occurrence" shall be limited to all individual losses sustained by the Company occurring during any period of 168 consecutive hours arising out of and directly occasioned by the same event, except that the term "loss occurrence" shall be further defined as follows:

Appears in 1 contract

Samples: Excess Catastrophe Reinsurance Contract (Philadelphia Consolidated Holding Corp)

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