SALVAGE AND SUBROGATION. A. Salvages and all recoveries (including amounts due from all reinsurances that inure to the benefit of this Contract, whether recovered or not), shall be first deducted from any loss to arrive at the amount of liability attaching hereunder. B. All salvages, recoveries or payments recovered or received subsequent to loss settlement hereunder shall be applied as if recovered or received prior to the aforesaid settlement, and all necessary adjustments shall be made by the parties hereto.
Appears in 16 contracts
Samples: Whole Account Quota Share Reinsurance Contract (Lemonade, Inc.), Whole Account Quota Share Reinsurance Contract (Lemonade, Inc.), Whole Account Quota Share Reinsurance Contract (Lemonade, Inc.)
SALVAGE AND SUBROGATION. A. Salvages X. Xxxxxxxx and all recoveries (including amounts due from all reinsurances that inure to the benefit of this Contract, whether recovered or not), shall be first deducted from any loss to arrive at the amount of liability attaching hereunder.
B. All salvages, recoveries or payments recovered or received subsequent to loss settlement hereunder shall be applied as if recovered or received prior to the aforesaid settlement, and all necessary adjustments shall be made by the parties hereto.
Appears in 5 contracts
Samples: Whole Account Quota Share Reinsurance Contract (Lemonade, Inc.), Whole Account Quota Share Reinsurance Contract (Lemonade, Inc.), Whole Account Quota Share Reinsurance Contract (Lemonade, Inc.)
SALVAGE AND SUBROGATION. A. 1. Salvages and all recoveries, including recoveries (including amounts due from under all reinsurances that inure to the benefit of this Contract, XOL Agreement (whether recovered or not), shall be first deducted from any such loss to arrive at the amount of liability attaching hereunder.
B. 2. All salvages, recoveries or payments recovered or received subsequent to loss settlement hereunder shall be applied as if recovered or received prior to the aforesaid settlement, and all necessary adjustments shall be made by the parties hereto.
Appears in 5 contracts
Samples: Excess of Loss Reinsurance Agreement (Emc Insurance Group Inc), Excess of Loss Reinsurance Agreement (Emc Insurance Group Inc), Excess of Loss Reinsurance Agreement (Emc Insurance Group Inc)
SALVAGE AND SUBROGATION. A. 1. Salvages and all recoveries, including recoveries (including amounts due from under all reinsurances that inure to the benefit of this Contract, Restated Agreement (whether recovered or not), shall be first deducted from any such loss to arrive at the amount of liability attaching hereunder.
B. 2. All salvages, recoveries or payments recovered or received subsequent to loss settlement hereunder shall be applied as if recovered or received prior to the aforesaid settlement, and all necessary adjustments shall be made by the parties hereto.
Appears in 3 contracts
Samples: Quota Share Reinsurance Retrocessional Agreement (Emc Insurance Group Inc), Quota Share Reinsurance Retrocessional Agreement (Emc Insurance Group Inc), Quota Share Reinsurance Retrocessional Agreement (Emc Insurance Group Inc)
SALVAGE AND SUBROGATION. A. Salvages and all recoveries (including amounts due from all reinsurances that inure to the benefit of this Contract, whether recovered or not), shall be first deducted from any loss to arrive at the amount of liability attaching hereunder.
B. All salvages, recoveries or payments recovered or received subsequent to loss settlement hereunder shall be applied as if recovered or received prior to the aforesaid settlement, and all necessary adjustments shall be made by the parties hereto.. Table of Contents
Appears in 2 contracts
Samples: Reinsurance Contract (Third Point Reinsurance Ltd.), Net Retained Lines Quota Share Reinsurance Contract (Third Point Reinsurance Ltd.)
SALVAGE AND SUBROGATION. A. Salvages X. Xxxxxxxx and all recoveries (including amounts due from all reinsurances that inure to the benefit of this Contract, whether recovered or not), shall be first deducted from any such loss to arrive at the amount of liability attaching hereunder.
B. All salvages, recoveries or payments recovered or received subsequent to loss settlement hereunder shall be applied as if recovered or received prior to the aforesaid settlement, and all necessary adjustments shall be made by the parties hereto.
Appears in 1 contract
Samples: Workers’ Compensation Quota Share Reinsurance Contract (Patriot Risk Management, Inc.)
SALVAGE AND SUBROGATION. A. Salvages and all recoveries (including amounts due from under all reinsurances that inure to the benefit of this Contract, whether recovered or not), shall be first deducted from any loss to arrive at the amount of liability attaching hereunder.
B. All salvages, recoveries or payments recovered or received subsequent to loss settlement hereunder shall be applied as if recovered or received prior to the aforesaid settlement, and all necessary adjustments shall be made by the parties hereto.
Appears in 1 contract
Samples: Quota Share Reinsurance Contract (Homeowners of America Holding Corp)
