Common use of Fatalities Clause in Contracts

Fatalities. (12) Any other serious injury which, in the judgment of the Company, might involve the Reinsurer. The Company shall advise the Reinsurer of the estimated amount of ultimate net loss and loss expense in connection with each such claim or loss and of any subsequent changes in such estimates. Upon receipt of a definitive statement of ultimate net loss and loss -49- 50 expense from the Company, the Reinsurer shall pay promptly to the Company the Reinsurer's portion of ultimate net loss and Reinsurer's portion of loss expense, if any. Any subsequent changes shall be reported by the Company to the Reinsurer and the amount due either party shall be remitted promptly.

Fatalities. (12) Any other serious injury which, in the judgment of the Company, might involve the Reinsurer. The Company shall advise the Reinsurer of the estimated amount of ultimate net loss and loss expense in connection with each such claim or loss and of any subsequent changes in such estimates. Upon receipt of a definitive statement of ultimate net loss and loss -49- 50 expense from the Company, the Reinsurer shall pay promptly to the Company the Reinsurer's portion of ultimate net loss and Reinsurer's portion of loss expense, if any. Any subsequent changes shall be reported by the Company to the Reinsurer and the amount due either party shall be remitted promptly.

Fatalities. (12) Any other serious injury which, in the judgment of the CompanyReinsurer, might involve the ReinsurerCompany. The Company Reinsurer shall advise the Reinsurer Company of the estimated amount of ultimate net loss and loss adjustment expense in connection with each such claim or loss and of any subsequent changes in such estimates. Upon receipt of a definitive statement of ultimate net loss and loss -49- 50 adjustment expense from the CompanyReinsurer, the Reinsurer Company shall promptly pay promptly to the Company Reinsurer the ReinsurerCompany's portion of ultimate net loss and ReinsurerCompany's portion of loss adjustment expense, if any. Any The Reinsurer shall report to the Company any subsequent changes shall be reported by in the Company to the Reinsurer amount of net loss and/or adjustment expense, and the amount due either party shall be remitted promptly.

Fatalities. (12) Any other serious injury case which, in the judgment of the Company's judgment, might involve the Reinsurer. The Company shall advise the Reinsurer of the estimated amount of ultimate net loss and loss adjustment expense in connection with each such claim or loss and of any subsequent changes in such estimates. Upon receipt of a definitive statement of ultimate net loss and loss -49- 50 adjustment expense from the Company, the Reinsurer shall pay promptly to the Company the Reinsurer's portion of ultimate net loss and Reinsurer's portion of loss adjustment expense, if any. Any subsequent changes shall be reported by the Company to the Reinsurer and the amount due either party shall be remitted promptly.