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).
Appears in 28 contracts
Samples: Interests and Liabilities Agreement (Lemonade, Inc.), Interests and Liabilities Agreement (Lemonade, Inc.), Interests and Liabilities Agreement (Lemonade, Inc.)
NET RETAINED LIABILITY. A. This Contract applies only to that portion of any loss that insurance or reinsurance which the Company retains net for its own account (prior to deduction of any reinsurance underlying reinsurance), and in calculating the amount of any loss hereunder and also in computing the amount or amounts in excess of which this Contract attaches only loss or losses in respect of that inures solely to portion of any policy which the benefit of the Company)Company retains net for its own account shall be included.
Appears in 3 contracts
Samples: Interests and Liabilities Agreement (Miix Group Inc), Miix Group Inc, Miix Group Inc
NET RETAINED LIABILITY. A. This Contract applies only to that portion of any policy which the Company retains net for its own account, and in calculating the amount of any loss hereunder and also in computing the amount or amounts in excess of which this Contract attaches, only loss or losses in respect of that portion of any policy which the Company retains net for its own account (prior to deduction of any reinsurance that inures solely to the benefit of the Company)shall be included.
Appears in 2 contracts
Samples: Reorganization Agreement (Capsure Holdings Corp), The Reorganization Agreement (Capsure Holdings Corp)
NET RETAINED LIABILITY. A. This Contract applies only to that portion of any loss that insurance or reinsurance which the Company COMPANY retains net for its own account (prior to deduction of any reinsurance underlying reinsurance), and in calculating the amount of any loss hereunder and also in computing the amount or amounts in excess of which this Contract attaches only loss or losses in respect of that inures solely to portion of any policy which the benefit of the Company)COMPANY retains net for its own account shall be included.
Appears in 2 contracts
Samples: Interests and Liabilities Agreement (Miix Group Inc), Miix Group 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).
Appears in 2 contracts
Samples: Entire Agreement (Patriot Risk Management, Inc.), Interests and Liabilities Agreement (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.
Appears in 2 contracts
Samples: Interests and Liabilities Agreement (Third Point Reinsurance Ltd.), Interests and Liabilities Agreement (Third Point Reinsurance Ltd.)
NET RETAINED LIABILITY. A. This Contract applies shall apply only to that portion of any insurance or reinsurance the Company retains net for its own account, and in calculating the amount of any loss hereunder and the amount in excess of which this Contract attaches, only loss or losses with respect to that portion of any insurance or reinsurance the Company retains net for its own account (prior shall be included. It is understood and agreed, however, that the Reinsurer's liability hereunder with respect to deduction of any reinsurance that inures solely to the benefit loss or losses shall not be increased by reason of the Company).inability of the Company to collect from any
Appears in 1 contract
Samples: Interests and Liabilities Agreement (Financial Pacific Insurance Group Inc)
NET RETAINED LIABILITY. A. This Contract applies shall apply only to that portion of any loss insurance that the Company retains net for its own account (prior to deduction account, and in calculating the amount of any loss hereunder, only loss or losses with respect to that portion of any insurance or reinsurance that inures solely to the benefit of the Company)Company retains net for its own account shall be included.
Appears in 1 contract
NET RETAINED LIABILITY. A. This Contract applies only to that portion of any loss that insurance or reinsurance which the Company retains net for its own account (prior to deduction of any reinsurance underlying reinsurance), and in calculating the amount of any loss hereunder and also in computing the amount or amounts in excess of which this Contract attaches only loss or losses in respect of that inures solely to portion of any 10 policy which the benefit of the Company)Company retains net for its own account shall be included.
Appears in 1 contract
Samples: Miix Group Inc