REINSURING CLAUSE. A. The Reinsurer hereby agrees to pay the Reinsured 100% of the annual Net Underwriting Loss incurred on the subject portfolio underwritten by the Reinsured as business under the FAA (“Business”), in excess of the Net Premium Retained by the Reinsured.
Appears in 5 contracts
Samples: And Administration Agreement, Loss Reinsurance Agreement (Trupanion Inc.), Loss Reinsurance Agreement (Trupanion Inc.)