SEVERAL LIABILITY NOTICE Sample Clauses

A Several Liability Notice clause defines that each party to an agreement is responsible only for its own obligations and liabilities, rather than being jointly liable with other parties. In practice, this means that if multiple parties are involved, such as co-insurers or co-lenders, each is accountable solely for their respective share or portion of the contract, and not for the obligations of the others. This clause is essential for clarifying the extent of each party's responsibility, thereby preventing one party from being held liable for the defaults or failures of another, and ensuring that risk is allocated fairly among all participants.
POPULAR SAMPLE Copied 10 times
SEVERAL LIABILITY NOTICE. The subscribing reinsurers' obligations under contracts of reinsurance to which they subscribe are several and not joint and are limited solely to the extent of their individual subscriptions. The subscribing reinsurers are not responsible for the subscription of any co-subscribing reinsurer who for any reason does not satisfy all or part of its obligations.
SEVERAL LIABILITY NOTICE. LSW 1001
SEVERAL LIABILITY NOTICE. ATTACHMENTS:
SEVERAL LIABILITY NOTICE. The subscribing insurers' obligations under contracts of insurance to which they subscribe are several and not joint and are limited solely to the extent of their individual subscriptions. The subscribing insurers are not responsible for the subscription of any co- subscribing insurer who for any reason does not satisfy all or part of its obligations. LSW 1001  Information contained in applications or other forms that you submit to us, such as name, address, and social security number  Information about your transactions with our affiliates or other third-parties, such as balances and payment history  Information we receive from a consumer-reporting agency, such as credit-worthiness or credit history
SEVERAL LIABILITY NOTICE. The subscribing reinsurers’ obligations under contracts of reinsurance to which they subscribe are several and not joint and are limited solely to the extent of their individual subscriptions. The subscribing reinsurers are not responsible for the subscription of any co-subscribing reinsurer who for any reason does not satisfy all or part of its obligations. LSW1001 (Reinsurance) 08/94 The NAIC Identification Number for each participating syndicate shown herein is AA-112 followed by a four digit number that can be derived by adding 6000 to the syndicate number. LSW 1007 (09/96) It is, with effect from inception, noted and agreed thatSection I of the Company’s Underlying Excess Catastrophe and Reinstatement Premium Protection Reinsurance Contract, effective July 1, 2004” as referenced in Paragraph C of Article VRetention and Limit of the Contract attached hereto relates to the “Excess Catastrophe Section” only. Now Know Up that We the Underwriters, Members of the Syndicates whose definitive numbers in the after-mentioned List of Underwriting Members of Lloyd’s are set out in the attached Table, hereby bind ourselves each for his own part and not one for another, our Executors and Administrators, and in respect of his due proportion only, to pay or make good to the Assured or to the Assured’s Executors or Administrators or to indemnify him or them against all such loss, damage or liability as herein provided, such payment to be made after such loss, damage or liability is proved and the due proportion for which each of us, the Underwriters, is liable shall be ascertained by reference to his share, as shown in the said List, of the Amount, Percentage or Proportion of the total sum insured hereunder which is in the Table set opposite the definitive number of the Syndicate of which such Underwriter is a Member AND FURTHER THAT the List of Underwriting Members of Lloyd’s referred to above shows their respective Syndicates and Shares therein, is deemed to be incorporated in and to form part of this policy, bears the number specified in the attached Table and is available for inspection at Lloyd’s Policy Signing Office by the Assured or his or their representatives and a true copy of the material parts of the said List certified by the General Manager of Lloyd’s Policy Signing Office will be furnished to the Assured on application. In Witness whereof the General Manager of Lloyd’s Policy Signing Office has subscribed his name on behalf of each of us.
SEVERAL LIABILITY NOTICE. The subscribing insurers' obligations under contracts of insurance to which they subscribe are several and not joint and are limited solely to the extent of their individual subscriptions. The subscribing insurers are not responsible for the subscription of any co- subscribing insurer who for any reason does not satisfy all or part of its obligations. LSW 1001 UNDERWRITERS AT LLOYD'S, LONDON The Certain Underwriters at Lloyd's, London want you to know how we protect the confidentiality of your non- public personal information. We want you to know how and why we use and disclose the information that we have about you. The following describes our policies and practices for securing the privacy of our current and former customers.
SEVERAL LIABILITY NOTICE. The subscribing insurers’ obligations under contracts of insurance to which they subscribe are several and not joint and are limited solely to the extent of their individual subscriptions. The subscribing insurers are not responsible for the subscription of any co-subscribing insurer who for any reason does not satisfy all or part of its obligations. LSW1001 (Insurance) (08/94)
SEVERAL LIABILITY NOTICE. The subscribing insurers' obligations under contracts of insurance to which they subscribe are several and not joint and are limited solely to the extent of their individual subscriptions. The subscribing insurers are not responsible for the subscription of any co-subscribing insurer who for any reason does not satisfy all or part of its obligations.
SEVERAL LIABILITY NOTICE. The subscribing insurers’ obligations under contracts of insurance to which they subscribe are several and not joint and are limited solely to the extent of their individual subscriptions. The subscribing insurers are not responsible for the subscription of any co-subscribing insurer who for any reason does not satisfy all or part of its obligations. We are members of the Financial Services Compensation Scheme (FSCS). You may be entitled to compensation from the scheme if we are unable to meet our liabilities under this insurance. This depends on the type of business and the circumstances of the claim. A claim is protected for 90%, without any upper limit. Further information about the compensation scheme arrangements is available from FSCS. Information can be obtained on request or by visiting the FSCS website at ▇▇▇.▇▇▇▇.▇▇▇.▇▇.
SEVERAL LIABILITY NOTICE. The clause below shall apply where Policies are being issued: The subscribing Insurers’ obligations under contracts of insurance to which they subscribe are several and not joint and are limited solely to the extent of their individual subscriptions. The subscribing Insurers’ are not responsible for the subscription or any co-subscribing Insurer who for any reason does not satisfy all or part of its obligation. LSW1001