MANAGEMENT OF CLAIMS AND LOSSES. The Company shall investigate and settle or defend all claims and losses. When requested by the Reinsurer, the Company shall permit the Reinsurer, at the expense of the Reinsurer, to be associated with the Company in the defense or control of any claim, loss, or legal proceeding which involves or is likely to involve the Reinsurer. All payments of claims or losses by the Company within the terms and limits of its policies which are within the limits set forth in the applicable Exhibit shall be binding on the Reinsurer, subject to the terms of this Agreement.
Appears in 6 contracts
Samples: Interests and Liabilities Agreement (Philadelphia Consolidated Holding Corp), The Agreement (Philadelphia Consolidated Holding Corp), The Agreement (Philadelphia Consolidated Holding Corp)
MANAGEMENT OF CLAIMS AND LOSSES. The Company shall investigate and settle or defend all claims and losses. When requested by the ReinsurerReinsurers, the Company shall permit the ReinsurerReinsurers, at the expense of the ReinsurerReinsurers, to be associated with the Company in the defense or control of any claim, loss, or legal proceeding which involves or is likely to involve the ReinsurerReinsurers. All payments of claims or losses by the Company within the terms and limits of its policies which are within the limits set forth in the applicable Exhibit shall be binding on the ReinsurerReinsurers, subject to the terms of this Agreement.
Appears in 2 contracts
Samples: Reinsurance Agreement (Penn America Group Inc), Reinsurance Agreement (Merchants Group Inc)
MANAGEMENT OF CLAIMS AND LOSSES. The Company shall investigate and settle or defend all claims and losses. When requested by the ReinsurerReinsurers, the Company shall permit the ReinsurerReinsurers, at the expense of the ReinsurerReinsurers, to be associated with the Company in the defense or control of any claim, loss, or legal proceeding which involves or is likely to involve the ReinsurerReinsurers. All payments of claims or losses by the Company within the terms and limits of its policies which are within the limits set forth in the applicable Exhibit this Agreement shall be binding on the ReinsurerReinsurers, subject to the terms of this Agreement.
Appears in 2 contracts
Samples: Hci Agreement (Zenith National Insurance Corp), Professional Liability Agreement (Midwest Medical Insurance Holding Co)
MANAGEMENT OF CLAIMS AND LOSSES. The Company shall investigate and settle or defend all claims and losses. When requested by the Reinsurer, the Company shall permit the Reinsurer, at the expense of the Reinsurer, to be associated with the Company in the defense or control of any claim, loss, or legal proceeding which involves or is likely to involve the Reinsurer. All payments of claims or losses by the Company within the terms and limits of its policies which are within the limits set forth in the applicable Exhibit herein shall be binding on the Reinsurer, subject to the terms of this Agreement.
Appears in 1 contract
Samples: Safe Auto Group, Inc.
MANAGEMENT OF CLAIMS AND LOSSES. The Company shall investigate and settle or defend all claims and losses. When requested by the Reinsurer, the Company shall permit the Reinsurer, at the expense of the Reinsurer, to be associated with the Company in the defense or control settlement of any claim, loss, or legal proceeding which involves or is likely to involve the Reinsurer. All payments of claims or losses by the Company within the terms and limits of its policies which are within the limits set forth in the applicable Exhibit shall be binding on the Reinsurer, subject to the terms of this Agreement.
Appears in 1 contract
Samples: United Insurance Holdings Corp.
