Common use of MAXIMUM LIMITS OF LIABILITY Clause in Contracts

MAXIMUM LIMITS OF LIABILITY. For purposes of determining the liability of the Reinsurer, the limits of liability of the Company with respect to any one Policy shall be deemed not to exceed the maximum limits as follows: 1. Bodily Injury: $100,000 per person/ $300,000 per occurrence 2. Uninsured Motorist BI: $100,000 per person/ $300,000 per occurrence 3. Underinsured Motorist BI: $100,000 per person/ $300,000 per occurrence 4. Property Damage Liability: $100,000 per occurrence 5. Uninsured Motorist PD: $50,000 per occurrence 6. Automobile Physical Damage: $50,000 per vehicle Notwithstanding the maximum Policy limits listed above, it is agreed that the Company may issue, and the Reinsurer will be liable for, a maximum of ten Policies per Underwriting Year with limits of $1,000,000. Loss in excess of the Policy limit and Extra Contractual Obligations as set forth in the EXCESS OF POLICY LIMITS ARTICLE and the EXTRA CONTRACTUAL OBLIGATIONS ARTICLE will be covered hereunder subject to the maximum Policy limits as set forth in this Article, including the Policies with $1,000,000 limits. The Company may request prior approval of the Reinsurer to cover more than ten Policies per Underwriting Year with limits of $1,000,000.