Common use of SPECIAL ACCEPTANCE Clause in Contracts

SPECIAL ACCEPTANCE. Policies which are beyond the terms, conditions or limitations of this Agreement may be submitted to the Reinsurer for special acceptance hereunder; and such Policies, if accepted in writing by the Reinsurer, shall be subject to all of the terms, conditions and limitations of this Agreement, except as modified by the special acceptance. Premiums and losses derived from any special acceptance shall be included with other data for rating purposes under this Agreement.

Appears in 5 contracts

Samples: Umbrella Liability Excess of Loss Reinsurance Agreement (Safety Insurance Group Inc), Reinsurance Agreement (Philadelphia Consolidated Holding Corp), Umbrella Liability Quota Share Reinsurance Agreement (Safety Insurance Group Inc)

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