Common use of LIMIT AND RETENTION Clause in Contracts

LIMIT AND RETENTION. A. Under this Exhibit the Subscribing Reinsurer shall be liable for the Ultimate Net Loss in excess of $200,000,000 each Loss Occurrence (regardless of the number of policies under which such loss is payable or the number of different interests insured) subject to a limit of $100,000,000 each Loss Occurrence. The maximum contribution to the Ultimate Net Loss shall be limited to a maximum per life recovery of $10,000,000 (discounted to net present value in accordance with the provisions of the Commutation Article).

Appears in 3 contracts

Samples: Interests and Liabilities Agreement (Liberty Mutual Agency Corp), Interests and Liabilities Agreement (Liberty Mutual Agency Corp), Interests and Liabilities Agreement (Liberty Mutual Agency Corp)

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LIMIT AND RETENTION. A. Under this Exhibit the Subscribing Reinsurer shall be liable for the Ultimate Net Loss in excess of $200,000,000 100,000,000 each Loss Occurrence (regardless of the number of policies Policies under which such loss is payable or the number of different interests insured) subject to a limit of $100,000,000 each Loss Occurrence. The maximum contribution to the Ultimate Net Loss shall be limited to a maximum per life recovery of $10,000,000 (discounted to net present value in accordance with the provisions of the Commutation Article).

Appears in 3 contracts

Samples: Interests and Liabilities Agreement (Liberty Mutual Agency Corp), Interests and Liabilities Agreement (Liberty Mutual Agency Corp), Interests and Liabilities Agreement (Liberty Mutual Agency Corp)

LIMIT AND RETENTION. A. Under this Exhibit the Subscribing Reinsurer shall be liable for the Ultimate Net Loss in excess of $200,000,000 500,000,000 each Loss Occurrence (regardless of the number of policies under which such loss is payable or the number of different interests insured) subject to a limit of $100,000,000 700,000,000 each Loss Occurrence. The maximum contribution to the Ultimate Net Loss shall be limited to a maximum per life recovery of $10,000,000 (discounted to net present value in accordance with the provisions of the Commutation Article).

Appears in 2 contracts

Samples: Novation and Amendment Agreement (Liberty Mutual Agency Corp), Novation and Amendment Agreement (Liberty Mutual Agency Corp)

LIMIT AND RETENTION. A. Under this Exhibit the Subscribing Reinsurer shall be liable for the Ultimate Net Loss in excess of $200,000,000 each Loss Occurrence (regardless of the number of policies under which such loss is payable or the number of different interests insured) subject to a limit of $100,000,000 300,000,000 each Loss Occurrence. The maximum contribution to the Ultimate Net Loss shall be limited to a maximum per life recovery of $10,000,000 (discounted to net present value in accordance with the provisions of the Commutation ArticleArticle 10 — Commutation).

Appears in 2 contracts

Samples: Interests and Liabilities Agreement (Liberty Mutual Agency Corp), Interests and Liabilities Agreement (Liberty Mutual Agency Corp)

LIMIT AND RETENTION. A. Under this Exhibit the Subscribing Reinsurer shall be liable for the Ultimate Net Loss in excess of $200,000,000 25,000,000 each Loss Occurrence (regardless of the number of policies Policies under which such loss is payable or the number of different interests insured) subject to a limit of $100,000,000 75,000,000 each Loss Occurrence. The maximum contribution to the Ultimate Net Loss shall be limited to a maximum per life recovery of $10,000,000 5,000,000 (discounted to net present value in accordance with the provisions of the Commutation ArticleArticle 13 — Commutation).

Appears in 2 contracts

Samples: Interests and Liabilities Agreement (Liberty Mutual Agency Corp), Interests and Liabilities Agreement (Liberty Mutual Agency Corp)

LIMIT AND RETENTION. A. Under this Exhibit the Subscribing Reinsurer shall be liable for the Ultimate Net Loss in excess of $200,000,000 500,000,000 each Loss Occurrence (regardless of the number of policies under which such loss is payable or the number of different interests insured) subject to a limit of $100,000,000 200,000,000 each Loss Occurrence. The maximum contribution to the Ultimate Net Loss shall be limited to a maximum per life recovery of $10,000,000 (discounted to net present value in accordance with the provisions of the Commutation ArticleArticle 10 — Commutation).

Appears in 2 contracts

Samples: Interests and Liabilities Agreement (Liberty Mutual Agency Corp), Interests and Liabilities Agreement (Liberty Mutual Agency Corp)

LIMIT AND RETENTION. A. Under this Exhibit the Subscribing Reinsurer shall be liable for the Ultimate Net Loss in excess of $200,000,000 25,000,000 each Loss Occurrence (regardless of the number of policies Policies under which such loss is payable or the number of different interests insured) subject to a limit of $100,000,000 75,000,000 each Loss Occurrence. The maximum contribution to the Ultimate Net Loss shall be limited to a maximum per life recovery of $10,000,000 5,000,000 (discounted to net present value in accordance with the provisions of the Commutation Article).

Appears in 2 contracts

Samples: Novation and Amendment Agreement (Liberty Mutual Agency Corp), Novation and Amendment Agreement (Liberty Mutual Agency Corp)

LIMIT AND RETENTION. A. Under this Exhibit the Subscribing Reinsurer shall be liable for the Ultimate Net Loss in excess of $200,000,000 700,000,000 each Loss Occurrence (regardless of the number of policies under which such loss is payable or the number of different interests insured) subject to a limit of $100,000,000 300,000,000 each Loss Occurrence. The maximum contribution to the Ultimate Net Loss shall be limited to a maximum per life recovery of $10,000,000 (discounted to net present value in accordance with the provisions of the Commutation ArticleArticle 10 — Commutation).

Appears in 2 contracts

Samples: Interests and Liabilities Agreement (Liberty Mutual Agency Corp), Interests and Liabilities Agreement (Liberty Mutual Agency Corp)

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LIMIT AND RETENTION. A. Under this Exhibit the Subscribing Reinsurer shall be liable for the Ultimate Net Loss in excess of $200,000,000 100,000,000 each Loss Occurrence (regardless of the number of policies under which such loss is payable or the number of different interests insured) subject to a limit of $100,000,000 each Loss Occurrence. The maximum contribution to the Ultimate Net Loss shall be limited to a maximum per life recovery of $10,000,000 (discounted to net present value in accordance with the provisions of the Commutation ArticleArticle 13 — Commutation).

Appears in 2 contracts

Samples: Interests and Liabilities Agreement (Liberty Mutual Agency Corp), Interests and Liabilities Agreement (Liberty Mutual Agency Corp)

LIMIT AND RETENTION. A. Under this Exhibit the Subscribing Reinsurer shall be liable for the Ultimate Net Loss in excess of $200,000,000 25,000,000 each Loss Occurrence (regardless of the number of policies under which such loss is payable or the number of different interests insured) subject to a limit of $100,000,000 75,000,000 each Loss Occurrence. The maximum contribution to the Ultimate Net Loss shall be limited to a maximum per life recovery of $10,000,000 5,000,000 (discounted to net present value in accordance with the provisions of the Commutation Article).

Appears in 2 contracts

Samples: Novation and Amendment Agreement (Liberty Mutual Agency Corp), Novation and Amendment Agreement (Liberty Mutual Agency Corp)

LIMIT AND RETENTION. A. Under this Exhibit the Subscribing Reinsurer shall be liable for the Ultimate Net Loss in excess of $200,000,000 1,000,000,000 each Loss Occurrence (regardless of the number of policies under which such loss is payable or the number of different interests insured) subject to a limit of $100,000,000 200,000,000 each Loss Occurrence. The maximum contribution to the Ultimate Net Loss shall be limited to a maximum per life recovery of $10,000,000 (discounted to net present value in accordance with the provisions of the Commutation ArticleArticle 10 — Commutation).

Appears in 2 contracts

Samples: Interests and Liabilities Agreement (Liberty Mutual Agency Corp), Interests and Liabilities Agreement (Liberty Mutual Agency Corp)

LIMIT AND RETENTION. A. Under this Exhibit the Subscribing Reinsurer shall be liable for the Ultimate Net Loss in excess of $200,000,000 100,000,000 each Loss Occurrence (regardless of the number of policies under which such loss is payable or the number of different interests insured) subject to a limit of $100,000,000 400,000,000 each Loss Occurrence. The maximum contribution to the Ultimate Net Loss shall be limited to a maximum per life recovery of $10,000,000 (discounted to net present value in accordance with the provisions of the Commutation Article).

Appears in 2 contracts

Samples: Novation and Amendment Agreement (Liberty Mutual Agency Corp), Novation and Amendment Agreement (Liberty Mutual Agency Corp)

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