Common use of NET RETAINED LIABILITY Clause in Contracts

NET RETAINED LIABILITY. A. This Contract applies only to that portion of any loss that the Company retains net for its own account (prior to deduction of any reinsurance that inures solely to the benefit of the Company). B. The amount of the Reinsurer’s liability hereunder in respect of any loss or losses shall not be increased by reason of the inability of the Company to collect from any other reinsurer(s), whether specific or general, any amounts that may have become due from such reinsurer(s), whether such inability arises from the insolvency of such other reinsurer(s) or otherwise. Effective: May 1, 2025 Final: April 17, 2025 Ref No: FLA25C047

NET RETAINED LIABILITY. A. This Contract applies only to that portion of any loss that the Company retains net for its own account (prior to deduction of any reinsurance that inures solely to the benefit of the Company). B. The amount of the Reinsurer’s liability hereunder in respect of any loss or losses shall not be increased by reason of the inability of the Company to collect from any other reinsurer(s), whether specific or general, any amounts that may have become due from such reinsurer(s), whether such inability arises from the insolvency of such other reinsurer(s) or otherwise. Effective: May 1June 30, 2025 ▇▇▇▇ ▇▇▇: July 31, 2014 U4VT0008 14 of 39 Final: April 17, 2025 Ref No: FLA25C047