Common use of SALVAGE AND SUBROGATION Clause in Contracts

SALVAGE AND SUBROGATION. The Reinsurer shall be credited with its proportionate share of salvage or subrogation recoveries (i.e., reimbursement obtained or recovery made by the Company, less the actual cost, excluding salaries of officials and employees of the Company, of obtaining such reimbursement or making such recovery) on account of claims and settlements involving reinsurance hereunder.

SALVAGE AND SUBROGATION. The Reinsurer shall be credited with its proportionate share of salvage or subrogation recoveries (i.e., reimbursement obtained or recovery made by the CompanyReinsured, less the actual cost, excluding salaries of officials and employees of the Company, cost of obtaining such reimbursement or making such recovery) on account of loss settlements hereunder. The Reinsured hereby agrees to enforce its rights to salvage or subrogation relating to any loss, a part of which loss was sustained by the Reinsurer, and to prosecute all claims and settlements involving reinsurance hereunderarising out of such rights.

SALVAGE AND SUBROGATION. The Reinsurer shall be credited with its proportionate share of salvage or and/or subrogation recoveries (i.e., reimbursement obtained or recovery made by the Company, less the actual cost, excluding salaries of officials and employees of the Company, cost of obtaining such reimbursement or making such recovery) on account of claims and settlements involving reinsurance hereunder. The Company hereby agrees to enforce its rights to salvage and/or subrogation relating to any loss, a part of which loss was sustained by the Reinsurer and to prosecute all claims arising out of such rights.

SALVAGE AND SUBROGATION. The Reinsurer shall be credited with its proportionate proportional share of subrogation and salvage or subrogation recoveries (i.e., reimbursement obtained or recovery recoveries made by the Company, less the actual cost, excluding salaries of officials officers and employees of the CompanyCompany and sums paid to attorneys as retainer, of obtaining such reimbursement or making such recoveryrecoveries) on account of any claims and or settlements involving reinsurance hereunder.this reinsurance. Subrogation and salvage shall always be used to reimburse the excess reinsurers in the reverse

SALVAGE AND SUBROGATION. The Reinsurer shall be credited with its proportionate share of salvage or subrogation recoveries (i.e., reimbursement obtained or recovery made by the Company, less the actual cost, excluding salaries of officials and employees of the Company, of obtaining such reimbursement or making such recovery) on account of claims and settlements involving reinsurance hereunder.. Effective: April 1, 2011 DOC: May 25, 2011 U1XQ0003 12 of 35

SALVAGE AND SUBROGATION. 1. The Reinsurer REINSURER shall be credited with its proportionate share of salvage or subrogation recoveries (i.e., reimbursement actually obtained or recovery actually made by the CompanyCOMPANY, less the actual cost, excluding salaries of officials and employees of the CompanyCOMPANY, of obtaining such reimbursement or making such recovery) on account of claims and settlements involving reinsurance hereunder.

SALVAGE AND SUBROGATION. The Reinsurer shall be credited with its proportionate share of salvage or subrogation recoveries (i.e., reimbursement obtained or recovery made by the Company, less the actual cost, excluding salaries of officials and employees of the CompanyCompany and sums paid to attorneys as retainer, of obtaining such reimbursement or making such recovery) on account of claims and settlements involving reinsurance hereunder.

SALVAGE AND SUBROGATION. The Reinsurer shall be credited with its proportionate share of salvage or subrogation recoveries (i.e., reimbursement obtained or recovery made by the Company, less the actual cost, excluding salaries Reinsurer’s proportionate share of officials and employees of the Company, of Loss Adjustment Expense incurred in obtaining such reimbursement or making such recovery) on account of claims and settlements involving reinsurance hereunder. The Company will enforce its rights to subrogation relating to any Loss, a part of which Loss was sustained by the Reinsurer, and prosecute all claims arising out of such rights.

SALVAGE AND SUBROGATION. The Company may, in its sole discretion, pursue salvage and subrogation. The Reinsurer shall be credited with its proportionate proportional share of actual salvage or subrogation recoveries (i.e., i.e. reimbursement obtained or recovery recoveries made by the Company), less the actual cost, excluding salaries of officials and employees of the Company, of obtaining such reimbursement or making such recovery) on account of claims and settlements involving reinsurance hereunder.

SALVAGE AND SUBROGATION. The Reinsurer shall be credited with its proportionate share of salvage or and subrogation recoveries (i.e., reimbursement obtained or recovery made by the Company, less the actual cost, excluding salaries of officials and employees of the Company, of obtaining such reimbursement or making such recovery) on account of claims and settlements involving reinsurance hereunder.