Common use of Second Layer Clause in Contracts

Second Layer. FCIC’s participation on this layer shall be one hundred percent (100%) of the amount by which the Company’s aggregate ultimate net losses exceeds five hundred percent (500%) of aggregate net book premium retained by the Company.

Appears in 20 contracts

Samples: Livestock Price Reinsurance Agreement, Livestock Price Reinsurance Agreement, Livestock Price Reinsurance Agreement

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Second Layer. FCIC’s participation on this layer shall be one hundred percent (100%) of the amount by which the Company’s aggregate ultimate net losses exceeds five hundred percent (500%) of aggregate net book premium retained by the Company.Company.‌‌

Appears in 1 contract

Samples: Livestock Price Reinsurance Agreement

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