LOSS RATIO CAP Sample Clauses

LOSS RATIO CAP. 6 ARTICLE 9

LOSS RATIO CAP. The Reinsurers' liability for further Losses under Policies written or renewed during the Contract Year will cease in the event the Loss Ratio for the Contract Year exceeds 106.5%. That is, the Reinsurers' aggregate limit of liability under this Contract and under the Companion Contract, after application of the Loss Corridor, shall be an amount equal to 85.0% of the Ceded Gross Net Earned Premium of the Company under this Contract and the Companion Contract, after application of the Cessions Contracts, effective at 12:01 a.m., Central Standard Time, January 1, 2002, as respects policies written or renewed during the Contract Year. Should this occur on the Contract Year, the Company will retain, under this Contract and the Companion Contract, all liability for further Losses beyond the 106.5% Loss Ratio Cap.

LOSS RATIO CAP. The Reinsurer’s total liability for ceded Losses under this Contract will not exceed 120% of the Ceded Reinsurance Premium.

LOSS RATIO CAP. The Reinsurer's liability for further Losses under Policies written or renewed during the Contract Year will cease in the event the Loss Ratio for the Contract Year exceeds 120%. That is, the Effective: January 1, 2003 DOC: May 6, 2003 8958-00-0017-00 R1

LOSS RATIO CAP. Notwithstanding any other provision of this Contract the maximum recoverable hereon shall not exceed (for 100%) the greater of $32,000,000 or 400% of ceded Original Gross Net Written Premium.

LOSS RATIO CAP. 5 ARTICLE 10 EXCESS OF ORIGINAL POLICY LIMITS................................ 5 ARTICLE 11