SPECIAL ACCEPTANCES. A. Risks which are beyond the terms, conditions or limitations of this Contract submitted to each Subscribing Reinsurer identified on the attached Interests and Liabilities Agreement for special acceptance hereunder. Upon receipt of approval from all Subscribing Reinsurers, such acceptance shall bind each Subscribing Reinsurer for its respective share in the interests and liabilities of said risk
Appears in 4 contracts
Samples: Entire Agreement, Interest and Liabilities Agreement (Liberty Mutual Agency Corp), Entire Agreement (Liberty Mutual Agency Corp)
SPECIAL ACCEPTANCES. A. Risks which are beyond the terms, conditions or limitations of this Contract submitted to each Subscribing Reinsurer identified on the attached Interests interests and Liabilities Agreement for special acceptance hereunder. Upon receipt of approval from all Subscribing Reinsurers, such acceptance shall bind each Subscribing Reinsurer for its respective share in the interests and liabilities of said risk. A Subscribing Reinsurer’s failure to respond within 2 full business days shall be deemed approval of a risk submitted for special acceptance.
Appears in 1 contract
Samples: Liberty Mutual Agency Corp
SPECIAL ACCEPTANCES. A. Risks which are beyond the terms, conditions or limitations of this Contract submitted to each Subscribing Reinsurer identified on the attached Interests and Liabilities Agreement for special acceptance hereunder. Upon receipt of approval from all Subscribing Reinsurers, such acceptance shall bind each Subscribing Reinsurer for its respective share in the interests and liabilities of said risk. A Subscribing Reinsurer’s failure to respond within 2 full business days shall be deemed approval of a risk submitted for special acceptance.
Appears in 1 contract
Samples: Interest and Liabilities Agreement (Liberty Mutual Agency Corp)
