Common use of Retention and Limit Clause in Contracts

Retention and Limit. A. The Reinsurers shall be liable to, indemnify and reinsure the Company for each and every Loss Occurrence, for ninety five percent (95%) of the excess Net Loss above an initial Net Loss to the Company of two million dollars ($2,000,000) each and every Loss Occurrence; but the Reinsurers shall not be liable for more than nine hundred fifty thousand dollars ($950,000) of Net Loss for each and every such Loss Occurrence.

Appears in 1 contract

Samples: Penn Millers Holding Corp

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Retention and Limit. A. The Reinsurers shall be liable to, indemnify and reinsure the Company for each and every Loss Occurrence, for ninety five percent (95%) of the excess Net Loss above an initial Net Loss to the Company of two three million dollars ($2,000,0003,000,000) each and every Loss Occurrence; but the Reinsurers shall not be liable for more than one million nine hundred fifty thousand dollars ($950,0001,900,000) of Net Loss for each and every such Loss Occurrence.

Appears in 1 contract

Samples: Penn Millers Holding Corp

Retention and Limit. A. The Reinsurers shall be liable to, indemnify and reinsure the Company for each and every Loss Occurrence, for ninety five one hundred percent (95100%) of the excess Net Loss above an initial Net Loss to the Company of two one million dollars ($2,000,0001,000,000) each and every Loss Occurrence; but the Reinsurers shall not be liable for more than nine hundred fifty thousand four million dollars ($950,0004,000,000) of Net Loss for in each and every such Loss Occurrence.

Appears in 1 contract

Samples: Casualty Excess of Loss Reinsurance Contract Effective (Penn Millers Holding Corp)

Retention and Limit. A. The Reinsurers shall be liable to, indemnify and reinsure the Company for each and every Risk, in each and every Loss Occurrence, Occurrence for ninety five one hundred percent (95100%) of the excess Net Loss above an initial Net Loss to the Company of two one million dollars ($2,000,0001,000,000) each and every Loss Occurrence; but the Reinsurers shall not be liable for more than nine hundred fifty thousand four million dollars ($950,0004,000,000) of Net Loss for in each and every such Risk, in each and every Loss Occurrence, nor shall Reinsurers be liable for more than eight million dollars ($8,000,000) of Net Loss in excess loss from any one Loss Occurrence.

Appears in 1 contract

Samples: Reinsurance Contract (Penn Millers Holding Corp)

Retention and Limit. A. The Reinsurers shall be liable to, indemnify and reinsure the Company for each and every Risk, in each and every Loss Occurrence, Occurrence for ninety five one hundred percent (95100%) of the excess Net Loss above an initial Net Loss to the Company of two five million dollars ($2,000,0005,000,000) each and every Loss Occurrence; but the Reinsurers shall not be liable for more than nine hundred fifty thousand five million dollars ($950,0005,000,000) of Net Loss for in each and every such Risk in each and every Loss Occurrence, nor shall Reinsurers be liable for more than ten million dollars ($10,000,000) of Net Loss in excess loss from any one Loss Occurrence.

Appears in 1 contract

Samples: Reinsurance Contract (Penn Millers Holding Corp)

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Retention and Limit. A. The Reinsurers shall be liable to, indemnify and reinsure the Company for each and every Loss Occurrence, for ninety five percent (95%) of the excess Net Loss above an initial Net Loss to the Company of two twenty five million dollars ($2,000,00025,000,000) each and every Loss Occurrence; but the Reinsurers shall not be liable for more than nine hundred fifty thousand nineteen million dollars ($950,00019,000,000) of Net Loss for each and every such Loss Occurrence.

Appears in 1 contract

Samples: Penn Millers Holding Corp

Retention and Limit. A. The Reinsurers shall be liable to, indemnify and reinsure the Company for each and every Loss Occurrence, for ninety five percent (95%) of the excess Net Loss above an initial Net Loss to the Company of two five million dollars ($2,000,0005,000,000) each and every Loss Occurrence; but the Reinsurers shall not be liable for more than nine four million seven hundred fifty thousand dollars ($950,0004,750,000) of Net Loss for each and every such Loss Occurrence.

Appears in 1 contract

Samples: Penn Millers Holding Corp

Retention and Limit. A. The Reinsurers shall be liable to, indemnify and reinsure the Company for each and every Loss Occurrence, for ninety five percent (95%) of the excess Net Loss above an initial Net Loss to the Company of two ten million dollars ($2,000,00010,000,000) each and every Loss Occurrence; but the Reinsurers shall not be liable for more than nine fourteen million two hundred fifty thousand dollars ($950,00014,250,000) of Net Loss for each and every such Loss Occurrence.

Appears in 1 contract

Samples: Penn Millers Holding Corp

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