EMC. Re shall cede, and EMCC shall accept as reinsurance, One Hundred Percent (100%) of all “Net Loss” incurred which is in excess of $3,000,000 for each “Occurrence” with an “Occurrence” date on or after January 1, 2011 arising out of “Subject to Cession” reinsurance contracts and reinsurance contracts written directly by EMC Re (the “Contract”).
Appears in 2 contracts
Sources: Excess of Loss Reinsurance Agreement (Emc Insurance Group Inc), Excess of Loss Reinsurance Agreement (Emc Insurance Group Inc)