NET RETAINED LIABILITY. A. This Contract applies only to that portion of any loss that the Company retains net for its own account (prior to deduction of any reinsurance that inures solely to the benefit of the Company). B. The amount of the Reinsurer’s liability hereunder in respect of any loss or losses shall not be increased by reason of the inability of the Company to collect from any other reinsurer(s), whether specific or general, any amounts that may have become due from such reinsurer(s), whether such inability arises from the insolvency of such other reinsurer(s) or otherwise.
Appears in 24 contracts
Samples: Whole Account Quota Share Reinsurance Contract (Lemonade, Inc.), Whole Account Quota Share Reinsurance Contract (Lemonade, Inc.), Reinsurance Contract (Positive Physicians Holdings,inc.)
NET RETAINED LIABILITY. A. This Contract applies only to that portion of any loss Policy that the Company retains net for its own account (prior to deduction of any reinsurance that inures solely to the benefit of the Company).
B. The amount of the Reinsurer’s liability hereunder in respect of any loss or losses shall not be increased by reason of the inability of the Company to collect from any other reinsurer(s), whether specific or general, any amounts that may have become due from such reinsurer(s), whether such inability arises from the insolvency of such other reinsurer(s) or otherwise.
Appears in 2 contracts
Samples: Workers’ Compensation Quota Share Reinsurance Contract (Patriot Risk Management, Inc.), Workers’ Compensation Quota Share Reinsurance Contract (Patriot Risk Management, Inc.)
NET RETAINED LIABILITY. A. This Contract applies only to that portion of any loss that the Company retains net for its own account (prior to deduction of any reinsurance that inures solely to the benefit of the Company)account.
B. The amount of the Reinsurer’s liability hereunder in respect of any loss or losses shall not be increased by reason of the inability of the Company to collect from any other reinsurer(s), whether specific or general, any amounts that may have become due from such reinsurer(s), whether such inability arises from the insolvency of such other reinsurer(s) or otherwise.
Appears in 2 contracts
Samples: Reinsurance Contract (Third Point Reinsurance Ltd.), Net Retained Lines Quota Share Reinsurance Contract (Third Point Reinsurance Ltd.)
NET RETAINED LIABILITY. A. This Contract applies only to that portion of any loss that the Company retains net for its own account (prior to deduction of any reinsurance that inures solely to the benefit of the Company).
B. The amount of the Reinsurer’s liability hereunder in respect of any loss or losses shall not be increased by reason of the inability of the Company to collect from any other reinsurer(s), whether specific or general, any amounts that may have become due from such reinsurer(s), whether such inability arises from the insolvency of such other reinsurer(s) or otherwise.. Effective: July 1, 2013
Appears in 1 contract
Samples: Workers’ Compensation Quota Share Reinsurance Contract (Tower Group International, Ltd.)
