Common use of LIMITS OF COVER Clause in Contracts

LIMITS OF COVER. A.1. As respects policies in force during the term of this Agreement, the Company shall retain for its own account and pay under one or more of the Company's policies the first $2,000,000 ultimate net loss, each and every loss and the Reinsurer agrees to reimburse the Company for the amount of ultimate net loss paid in excess of $2,000,000, each and every loss, but the Reinsurer's maximum liability shall not exceed $3,000,000 resulting from each and every loss.

Appears in 3 contracts

Samples: Loss Reinsurance Agreement (Scpie Holdings Inc), Interests and Liabilities Contract (Scpie Holdings Inc), Loss Reinsurance Agreement (Scpie Holdings Inc)

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LIMITS OF COVER. A.1. As respects policies in force during the term of this Agreement, the Company shall retain for its own account and pay under one or more of the Company's policies the first $2,000,000 5,000,000 ultimate net loss, each and every loss and the Reinsurer agrees to reimburse the Company for the amount of ultimate net loss paid in excess of $2,000,0005,000,000, each and every loss, but the Reinsurer's maximum liability shall not exceed $3,000,000 5,000,000 resulting from each and every loss.

Appears in 3 contracts

Samples: Interests and Liabilities Contract (Scpie Holdings Inc), Loss Reinsurance Agreement (Scpie Holdings Inc), Excess of Loss Reinsurance Agreement (Scpie Holdings Inc)

LIMITS OF COVER. A.1. As respects policies in force during the term of this Agreement, the A. The Company shall retain for its own account and pay under one or more of the Company's policies the first $2,000,000 10,000,000 ultimate net loss, each and every loss and the Reinsurer agrees to reimburse the Company for the amount of ultimate net loss paid in excess of $2,000,00010,000,000, each and every loss, but the Reinsurer's maximum liability shall not exceed $3,000,000 10,000,000 resulting from each and every loss; subject further to a maximum liability of the Reinsurer of $20,000,000 in the aggregate for all losses during the period of this Agreement.

Appears in 2 contracts

Samples: Loss Reinsurance Agreement (Scpie Holdings Inc), Interests and Liabilities Contract (Scpie Holdings Inc)

LIMITS OF COVER. A.1. As respects policies in force during the term of this Agreement, the A. The Company shall retain for its own account and pay under one or more of the Company's policies the first $2,000,000 1,000,000 ultimate net loss, each and every loss and the Reinsurer agrees to reimburse the Company for the amount of ultimate net loss paid in excess of $2,000,0001,000,000, each and every loss, but the Reinsurer's maximum liability shall not exceed $3,000,000 1,000,000 resulting from each and every loss.

Appears in 2 contracts

Samples: Interests and Liabilities Contract (Scpie Holdings Inc), Excess of Loss Reinsurance Agreement (Scpie Holdings Inc)

LIMITS OF COVER. A.1. As respects policies in force during the term of this Agreement, the A. The Company shall retain for its own account and pay under one or more of the Company's ’s policies the first $2,000,000 ultimate net loss, each and every loss event and the Reinsurer agrees to reimburse the Company for the amount of ultimate net loss paid in excess of $2,000,000, each and every lossloss event, but the Reinsurer's maximum ’s liability shall not exceed $3,000,000 (100% figure) resulting from each and every lossloss event.

Appears in 1 contract

Samples: Medical Malpractice Shortfall Excess of Loss Reinsurance Agreement (Scpie Holdings Inc)

LIMITS OF COVER. A.1. As respects policies in force during the term of this Agreement, the A. The Company shall retain for its own account and pay under one or more of the Company's policies the first $2,000,000 ultimate net loss, each and every loss occurrence each policy, and the Reinsurer agrees to reimburse the Company for the amount of ultimate net loss paid in excess of $2,000,000, each and every lossloss occurrence each policy, but the Reinsurer's ’s maximum liability shall not exceed $3,000,000 8,000,000 resulting from each and every lossloss occurrence each policy.

Appears in 1 contract

Samples: Reinsurance Agreement (Scpie Holdings Inc)

LIMITS OF COVER. A.1. As respects policies in force during the term of this Agreement, the Company shall retain for its own account and pay under one or more of the Company's policies the first $2,000,000 10,000,000 ultimate net loss, each and every loss and the Reinsurer agrees to reimburse the Company for the amount of ultimate net loss paid in excess of $2,000,00010,000,000, each and every loss, but the Reinsurer's maximum liability shall not exceed $3,000,000 10,000,000 resulting from each and every loss.

Appears in 1 contract

Samples: Fourth Excess of Loss Reinsurance Agreement (Scpie Holdings Inc)

LIMITS OF COVER. A.1. As respects policies in force during the term of this Agreement, the A. The Company shall retain for its own account and pay under one or more of the Company's ’s policies the first $2,000,000 20,000,000 ultimate net loss, each and every loss event and the Reinsurer agrees to reimburse the Company for the amount of ultimate net loss paid in excess of $2,000,00020,000,000, each and every lossloss event, but the Reinsurer's ’s maximum liability shall not exceed $3,000,000 30,000,000 (100% figure) resulting from each and every lossloss event.

Appears in 1 contract

Samples: Medical Malpractice Shortfall Excess of Loss Reinsurance Agreement (Scpie Holdings Inc)

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LIMITS OF COVER. A.1. As respects policies in force during the term of this Agreement, the A. The Company shall retain for its own account and pay under one or more of the Company's policies the first $2,000,000 5,000,000 ultimate net loss, each and every loss and the Reinsurer agrees to reimburse the Company for the amount of ultimate net loss paid in excess of $2,000,0005,000,000, each and every loss, but the Reinsurer's maximum liability shall not exceed $3,000,000 5,000,000 resulting from each and every loss.

Appears in 1 contract

Samples: Reinsurance Agreement (Scpie Holdings Inc)

LIMITS OF COVER. A.1. As respects policies in force during the term of this Agreement, the A. The Company shall retain for its own account and pay under one or more of the Company's ’s policies the first $2,000,000 5,000,000 ultimate net loss, each and every loss and the Reinsurer agrees to reimburse the Company for the amount of ultimate net loss paid in excess of $2,000,0005,000,000, each and every loss, but the Reinsurer's maximum ’s liability under this Exhibit shall not exceed $3,000,000 5,000,000 resulting from each and every loss.

Appears in 1 contract

Samples: First Fourth Excess of Loss Reinsurance Agreement (Scpie Holdings Inc)

LIMITS OF COVER. A.1. As respects policies in force during the term of this Agreement, the A. The Company shall retain for its own account and pay under one or more of the Company's policies the first $2,000,000 10,000,000 ultimate net loss, each and every loss and the Reinsurer agrees to reimburse the Company for the amount of ultimate net loss paid in excess of $2,000,00010,000,000, each and every loss, but the Reinsurer's maximum liability shall not exceed $3,000,000 10,000,000 resulting from each and every loss.

Appears in 1 contract

Samples: Reinsurance Agreement (Scpie Holdings Inc)

LIMITS OF COVER. A.1. As respects policies in force during the term of this Agreement, the A. The Company shall retain for its own account and pay under one or more of the Company's policies the first $2,000,000 ultimate net loss, each and every loss occurrence each policy and the Reinsurer agrees to reimburse the Company for the amount of ultimate net loss paid in excess of $2,000,000, each and every lossloss occurrence each policy, but the Reinsurer's maximum liability shall not exceed $3,000,000 8,000,000 resulting from each and every lossloss occurrence each policy.

Appears in 1 contract

Samples: Loss Reinsurance Agreement (Scpie Holdings Inc)

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