Losses and Loss Adjustment Expenses. A. Losses shall be reported by the Company in summary form as hereinafter provided, and the Reinsurer shall have the right to participate in the adjustment of losses subject to this Contract as its own expense.
Losses and Loss Adjustment Expenses. A. All loss settlements made by CPIC with regards to the Specialty Program Business, whether under strict policy conditions or by way of compromise, shall be unconditionally binding upon TICNY.
Losses and Loss Adjustment Expenses. Losses and loss adjustment expenses paid by the Company;
Losses and Loss Adjustment Expenses. All loss settlements (other than ex-gratia payments), whether under strict policy conditions or by way of compromise, shall be unconditionally binding upon the Reinsurer in the amount of its applicable Quota Share part thereof. The Reinsurer shall bear its applicable Quota Share part of all loss adjustment expenses incurred under the ceded Contracts. In addition to indemnity amounts recoverable hereunder, the Reinsurer shall bear its proportionate share of all expenses incurred by the Company in the investigation, adjustment, appraisal or defense of all claims under policies reinsured hereunder (excluding office expenses and compensation of officers and regular employees of the Company, other than staff field adjusters and out of pocket expense of the Company's officers incurred in connection with the loss), and shall receive its proportionate share of any recoveries of such expenses.
Losses and Loss Adjustment Expenses. A. All loss settlements made by TICNY with regards to the Brokerage Business, whether under strict policy conditions or by way of compromise, shall be unconditionally binding upon CPIC and TNIC.
Losses and Loss Adjustment Expenses. All claims and losses shall be adjusted, settled or compromised in accordance with the terms of the Administrative Services Agreement. All such settlements, compromises, and adjustments, including those involving coverage issues and/or the resolution of whether such claims or losses are required by law, regulation, or regulatory authority to be covered (or not to be excluded thereunder), shall be binding on Seller and Reinsurer.
Losses and Loss Adjustment Expenses. 12.1 Reinsurer shall assume 100% of the risks covered by this Agreement and shall be liable for and pay on behalf of Company 100% of all losses, judgments, interest on judgments, settlements whether under strict policy conditions or because of compromise, and expenses incurred by Company (including, but not limited to, costs, expenses and fees, including attorneys' fees and expenses, resulting from a declaratory judgment or injunctive action brought by or against an insured or other person). Reinsurer shall be credited with 100% of any amount received by Company as salvage, subrogation or recovery.
Losses and Loss Adjustment Expenses. A. The Retrocessionaire shall pay to the Retrocedant, either directly or through the Underwriting Manager, its proportionate share of all loss and loss expense (including coverage dispute expense and monitoring expense), as defined in Article 6 of this Agreement.
Losses and Loss Adjustment Expenses. A. The Reinsurer, in proportion to its participation, shall pay to the Company a pro rata share of sums actually paid by the Company in settlement of losses under its policies, provided, however, that in the event of the insolvency of the Company, payment of loss for which the Company is liable shall be made by the Reinsurer to the liquidator, receiver or statutory successor of the Company in accordance with the provisions of ARTICLE XXII - INSOLVENCY of this Agreement.
Losses and Loss Adjustment Expenses. A. Subject to the provisions of Article III, the Reinsurer, in proportion to its participation, shall pay to the Company a pro rata share of sums actually paid by the Company in settlement of losses under its policies including amounts paid for managed care arrangements, such as network access fees, bill repricing services and other usual and customary managed care facilities. However, in the event of the insolvency of the Company payment of loss for which the Company is liable shall be made by the Reinsurer to the liquidator, receiver or statutory successor of the Company in accordance with the provisions of Article XI of this Agreement.
