Common use of BUSINESS COVERED Clause in Contracts

BUSINESS COVERED. Retrocedant hereby obligates itself to retrocede to Retrocessionaire and Retrocessionaire hereby obligates itself to accept, pursuant to the terms of this Agreement, a one hundred percent (100%) quota share of any and all liabilities incurred by Retrocedant on or after January 1, 2002 but not yet paid as of the Effective Time, under reinsurance and retrocession contracts, as listed in Exhibit A hereto (the "REINSURANCE CONTRACTS").

BUSINESS COVERED. Retrocedant hereby obligates itself to retrocede to Retrocessionaire and Retrocessionaire hereby obligates itself to accept, pursuant to the terms of this Agreement, a one hundred percent (100%) quota share of any and all liabilities incurred by Retrocedant on or after January 1, 2002 but not yet paid as of the Effective Time, under all reinsurance and retrocession contracts, as contracts listed in Exhibit A hereto (the "REINSURANCE CONTRACTSReinsurance Contracts").

BUSINESS COVERED. Retrocedant hereby obligates itself to retrocede to Retrocessionaire and Retrocessionaire hereby obligates itself to accept, pursuant to the terms of this Agreement, a one hundred percent (100%) quota share of any and all liabilities incurred by Retrocedant on or after January 1, 2002 but not yet paid as of the Effective Time, under all reinsurance and retrocession contracts, as listed in Exhibit A hereto (the "REINSURANCE CONTRACTS").contracts that:

BUSINESS COVERED. Retrocedant hereby obligates itself to retrocede to Retrocessionaire and Retrocessionaire hereby obligates itself to accept, pursuant to the terms of this Agreement, a one hundred percent (100%) quota share of any and all liabilities incurred by Retrocedant on or after January 1, 2002 but not yet paid as of the Effective Time, under reinsurance and retrocession contractsthe Whole Account Excess of Loss Reinsurance Agreement with Company E, as listed in Exhibit A hereto for the period from January 1, 2001 through December 31, 2004 (the "REINSURANCE CONTRACTSCONTRACT").

BUSINESS COVERED. Retrocedant hereby obligates itself to retrocede to Retrocessionaire and Retrocessionaire hereby obligates itself to accept, pursuant to the terms of this Agreement, a one hundred percent (100%) quota share of any and all liabilities incurred by Retrocedant on or after January 1, 2002 but not yet paid as of the Effective Time, under the reinsurance and retrocession contracts, as contract listed in Exhibit A hereto (the "REINSURANCE CONTRACTSCONTRACT").

BUSINESS COVERED. Retrocedant hereby obligates itself to retrocede to Retrocessionaire and Retrocessionaire hereby obligates itself to accept, pursuant to the terms of this Agreement, a one hundred percent (100%) quota share of any and all liabilities incurred by Retrocedant on or after January 1, 2002 but not yet paid as of the Effective Time, under reinsurance and retrocession contractsSection 3 of the Whole Account Excess of Loss Reinsurance Agreement with Transatlantic Reinsurance Corporation ("TRC"), as listed in Exhibit A hereto for the period from September 12, 1999 through December 31, 2002 (the "REINSURANCE CONTRACTSCONTRACT").

BUSINESS COVERED. Retrocedant hereby obligates itself to retrocede to Retrocessionaire and Retrocessionaire hereby obligates itself to accept, pursuant to the terms of this Agreement, a one hundred percent (100%) quota share of any and all liabilities incurred by Retrocedant on or after January 1, 2002 but not yet paid as of the Effective Time, under all reinsurance and retrocession contracts, as listed in Exhibit A hereto (the "REINSURANCE CONTRACTS").

BUSINESS COVERED. Retrocedant hereby obligates itself to retrocede to Retrocessionaire and Retrocessionaire hereby obligates itself to accept, pursuant to the terms of this Agreement, a one hundred percent (100%) quota share of any and all liabilities incurred by Retrocedant on or after January 1, 2002 but not yet paid as of the Effective Time, under all reinsurance and retrocession contractscontracts under the Multi-Year Spread Loss Reinsurance Agreement with Company D for the period from January 1, as 2000 through December 31, 2002 listed in Exhibit A hereto (the "REINSURANCE CONTRACTS").

BUSINESS COVERED. Retrocedant hereby obligates itself to retrocede to Retrocessionaire and Retrocessionaire hereby obligates itself to accept, pursuant to the terms of this Agreement, a one hundred percent (100%) quota share of any and all liabilities incurred by Retrocedant on or after January 1, 2002 but not yet paid as of the Effective Time, under reinsurance and retrocession contracts, as listed in Exhibit A hereto Time (the "REINSURANCE CONTRACTSCONTRACT")) under the Aggregate Excess of Loss Reinsurance Agreement with Company D for the period from January 1, 2002 through December 31, 2002.

BUSINESS COVERED. Retrocedant hereby obligates itself to retrocede to Retrocessionaire and Retrocessionaire hereby obligates itself to accept, pursuant to the terms of this Agreement, a one hundred percent (100%) quota share of any and all liabilities incurred by Retrocedant on or after January 1, 2002 but not yet paid as of the Effective Time, under reinsurance and retrocession contractsthe Whole Account Excess of Loss Reinsurance Agreement with Employers Reinsurance Corporation ("ERC"), as listed in Exhibit A hereto for the period from January 1, 2001 through December 31, 2004 (the "REINSURANCE CONTRACTSCONTRACT").

BUSINESS COVERED. Retrocedant hereby obligates itself to retrocede to Retrocessionaire and Retrocessionaire hereby obligates itself to accept, pursuant to the terms of this Agreement, a one hundred percent (100%) quota share of any and all liabilities incurred by Retrocedant under contracts effective on or after January 1, 2002 but not yet paid as of the Effective Time, under reinsurance and retrocession contracts, as listed in Exhibit A hereto the Multi-Year Aggregate Excess of Loss Reinsurance Agreement with Company D (the "REINSURANCE CONTRACTSCONTRACT")) for the period from January 1, 2002 through December 31, 2002.