Common use of BUSINESS REINSURED Clause in Contracts

BUSINESS REINSURED. By this Contract the Reinsurer agrees to reinsure the Ultimate Net Loss which has accrued to the Company on losses occurring on or before the effective date of this Contract under its policies, contracts and binders of insurance or reinsurance (hereinafter called "policies") issued or renewed prior to the effective date hereof and classified by the Company as Property and Casualty and Commercial Auto, subject to the terms, conditions and limitations hereinafter set forth.

BUSINESS REINSURED. By this Contract the Reinsurer agrees to reinsure the Ultimate Net Loss which has accrued to the Company on losses occurring on or before the effective date of this Contract under its policies, contracts and binders of insurance or reinsurance (hereinafter called "policies") issued or renewed prior to the effective date hereof classified and classified limited by the Company to Surety business and as Property and Casualty and Commercial AutoWorkers Compensation 2003 assumed business, subject to the terms, conditions and limitations hereinafter set forth.

BUSINESS REINSURED. By this Contract the Reinsurer agrees to reinsure the Ultimate Net Loss which has accrued to the Company on losses occurring on or before the effective date of this Contract under its policies, contracts and binders of insurance or reinsurance (hereinafter called "policies") issued or renewed prior to the effective date hereof and classified by the Company as Property and Casualty Casualty, Workers' Compensation and Commercial Auto, subject to the terms, conditions and limitations hereinafter set forth.

BUSINESS REINSURED. By this Contract the Reinsurer agrees to reinsure the Ultimate Net Loss which has accrued to the Company on losses occurring on or before the effective date of this Contract under its policies, contracts and binders of insurance or reinsurance (hereinafter called "policies") issued or renewed prior to the effective date hereof and classified by the Company as all Property and Casualty and Commercial Autolines of business except for surety, subject to the terms, conditions and limitations hereinafter set forth.

BUSINESS REINSURED. By this Contract the Reinsurer agrees to reinsure the Ultimate Net Loss which has accrued to the Company on losses occurring on or before the effective date of this Contract under its policies, contracts and binders of insurance or reinsurance (hereinafter called "policies") issued or renewed prior to the effective date hereof and classified by the Company as Property Contract Surety Bonds and Casualty and Commercial AutoLandfill Bonds, subject to the terms, conditions and limitations hereinafter set forth.