Common use of Reinsurance and Related Matters Clause in Contracts

Reinsurance and Related Matters. Neither PIC nor NAHC will enter into any reinsurance transactions, make any reserve adjustments, establish a provision for loss and/or loss adjustment expenses, incur or obligate itself to incur any extraordinary expenses (including, without limitation, deferred compensation or employee bonuses) and/or take any other actions or enter into any other transactions that will or could result in a material reduction in income during the Specified Period.

Reinsurance and Related Matters. Neither PIC nor NAHC will enter has entered into any reinsurance transactions, make made any reserve adjustments, establish established a provision for loss and/or loss adjustment expenses, incur incurred or obligate obligated itself to incur any extraordinary expenses (including, without limitation, deferred compensation or employee bonuses) and/or take taken any other actions or enter entered into any other transactions that will or could result in a material reduction in income during the Specified Period.

Reinsurance and Related Matters. Neither PIC nor NAHC will enter has ------------------------------- entered into any reinsurance transactions, make made any reserve adjustments, establish established a provision for loss and/or loss adjustment expenses, incur incurred or obligate obligated itself to incur any extraordinary expenses (including, without limitation, deferred compensation or employee bonuses) and/or take taken any other actions or enter entered into any other transactions that will or could result in a material reduction in income during the Specified Period.

Reinsurance and Related Matters. Neither PIC nor NAHC will ------------------------------- enter into any reinsurance transactions, make any reserve adjustments, establish a provision for loss and/or loss adjustment expenses, incur or obligate itself to incur any extraordinary expenses (including, without limitation, deferred compensation or employee bonuses) and/or take any other actions or enter into any other transactions that will or could result in a material reduction in income during the Specified Period.