SEVERAL LIABILITY NOTICE. (LSW 1001 REINSURANCE) The subscribing reinsurer's 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.
Appears in 2 contracts
Samples: Excess of Loss Reinsurance Agreement (Scpie Holdings Inc), Excess of Loss Reinsurance Agreement (Scpie Holdings Inc)
SEVERAL LIABILITY NOTICE. (LSW 1001 REINSURANCE) ): The subscribing reinsurer's 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.
Appears in 2 contracts
Samples: Loss Reinsurance Agreement (Scpie Holdings Inc), Loss Reinsurance Agreement (Scpie Holdings Inc)
