DECLARATORY JUDGMENT EXPENSE. This term shall mean expense incurred by the Company in bringing or in defending a declaratory judgment action brought to determine the Company's obligations to its insured with respect to a specific claim under a policy (or coverage part thereof) reinsured hereunder.
Appears in 2 contracts
Sources: Adverse Development Agreement of Reinsurance (OneBeacon Insurance Group, Ltd.), Adverse Development Agreement of Reinsurance (White Mountains Insurance Group LTD)