NOTICE OF LOSS AND LOSS SETTLEMENTS. All loss settlements made by the Company that are within the terms and conditions of this Contract (including but not limited to ex gratia payments) shall be binding upon the Reinsurer, and the Reinsurer agrees to pay all amounts for which it may be liable upon receipt of satisfactory evidence of the amount paid by the Company. Upon receipt of the Summary Report as described below in the REPORTS AND REMITTANCES ARTICLE, the Reinsurer agrees to promptly pay or allow, as the case may be, its share of each such settlement in accordance with this Contract.
Appears in 4 contracts
Samples: Interests and Liabilities Agreement, Interests and Liabilities Agreement (Amerisafe Inc), Interests and Liabilities Agreement (Amerisafe Inc)
