NOTICE OF LOSS AND LOSS SETTLEMENTS. Reinsurers agree to abide by all loss settlements of the Reassured which at its sole discretion shall adjust, settle or compromise all losses and all such adjustments, settlements or compromises shall be binding upon Reinsurers subject to the terms, conditions and limitations of the original policies and this Contract.
Appears in 7 contracts
Samples: Quota Share Reinsurance Contract (Darwin Professional Underwriters Inc), Excess Cession Reinsurance Contract (Darwin Professional Underwriters Inc), Excess Cession Reinsurance Contract (Darwin Professional Underwriters Inc)
