RECEIPT LIABILITY. If the Ceding Company should become liable for a loss as the result of the issuance of its Conditional Receipt which is in excess of its maximum available retention for the risk, then the Pool agrees to be liable for such excess, subject to the amount limits in the following paragraph, provided:
Appears in 6 contracts
Sources: Reinsurance Agreement (Ge Life & Annuity Assurance Co Ii), Reinsurance Agreement (Ge Life & Annuity Assurance Co Ii), Reinsurance Agreement (Ge Life & Annuity Assurance Co Ii)