Common Contracts
1 similar General Liability and Commercial Umbrella Liability Quota Share Reinsurance Agreement contracts
ContractGeneral Liability and Commercial Umbrella Liability Quota Share Reinsurance Agreement • May 5th, 2020
<DOCUMENT> <TYPE>EX-10 <SEQUENCE>9 <FILENAME>exhibit10-2.txt <DESCRIPTION>EXHIBIT 10.2 <TEXT> GENERAL LIABILITY AND COMMERCIAL UMBRELLA LIABILITY QUOTA SHARE REINSURANCE AGREEMENT between PENN-AMERICA INSURANCE COMPANY PENN-STAR INSURANCE COMPANY and AMERICAN RE-INSURANCE COMPANY <PAGE> TABLE OF CONTENTS ----------------- ARTICLE PAGE ------- ----- I APPLICATION OF AGREEMENT 1 II COVER 1 III LIMITS AND RETENTION I IV EXCLUSIONS 2 V UNDERLYING INSURANCE 13 VI DEFINITIONS 14 VII UNDERWRITING GUIDELINES 14 VIII NET LOSS 15 IX CLAIMS 16 X PREMIUM 16 XI COMMISSION 16 XII REPORTS AND REMITTANCES 16 XIII ACCESS TO RECORDS 17 XIV TAXES 17 XV INSOLVENCY CLAUSE 17 XVI OFFSET AND SECURITY CLAUSE 18 XVII POLICY FORMS 19 XVIII COMMENCEMENT AND TERMINATION 19 <PAGE> GENERAL LIABILITY AND COMMERCIAL UMBRELLA LIABILITY ------------------------------------------------- QUOTA SHARE REINSURANCE AGREEMENT --------------------------------- This Agreement is made and entered into by and between PENN-AMERICA
