Common use of Coverage C Clause in Contracts

Coverage C. One million dollars ($1,000,000) of Ultimate Net Loss, each claim, each Insured, each Policy excess of one million dollars ($1,000,000) of Ultimate Net Loss each claim, each Insured, each Policy. The Reinsurer’s maximum liability to the Company for this section of coverage shall be limited to an amount in the aggregate as respects all Ultimate Net Loss equal to two million dollars ($2,000,000) for the applicable annual period. Recoveries from Coverage A shall inure to the benefit of this Coverage C. Furthermore, the Reinsurer’s maximum liability for each annual period as set forth in the Section of this Article entitled Reinsurer’s Maximum As Respects Coverage A and B shall not apply to this Coverage C.