Net Retained Lines (BRMA 32B) Clause Samples
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Net Retained Lines (BRMA 32B). 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 shall be included.
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 which may have become due from such reinsurer(s), whether such inability arises from the insolvency of such other reinsurer(s) or otherwise.
Net Retained Lines (BRMA 32B). A. This Agreement applies ▇▇▇▇ ▇▇ ▇▇▇▇ ▇▇▇▇▇▇▇ ▇▇ ▇▇▇ ▇▇▇▇▇▇ which the Reinsurer 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 Agreement attaches, only loss or losses in respect of that portion of any policy which the Reinsurer retains net for its own account shall be included.
B. The amount of the Retrocessionaire's liability hereunder in respect of any loss or losses shall not be increased by reason of the inability of the Reinsurer to collect from any other retrocessionaire(s), whether specific or general, any amounts which may have become due from such retrocessionaire(s), whether such inability arises from the insolvency of such other retrocessionaire(s) or otherwise.