Claims Reporting. General Agent shall submit a report to Company within 30 days of General Agent’s receipt of notice of any claim involving: (i) a coverage dispute; (ii) a demand in excess of policy limits; or (iii) an allegation of bad faith or a violation of any Deceptive Trade Practices, Claims Settlement Practices or other similar Regulation; (iv) reserves set by General Agent in excess of $[**]; or (v) a fatality, spinal cord injuries with paralysis, brain damage, severe burn injuries resulting in disfigurement or scarring, massive internal injuries affecting body organs (e.g., heart, lungs), multiple fractures, amputations, total or partial blindness in one or both eyes, nerve damage causing paralysis and loss of sensation in arm and hand, permanent disabilities, sexual molestation or abuse, or environmental related damage or injury.
Appears in 2 contracts
Sources: Managing General Agency Agreement, Managing General Agency Agreement (Republic Companies Group, Inc.)