Common use of Reinsurance assumed by the Company Clause in Contracts

Reinsurance assumed by the Company. 5. Business derived from any Pool, Association, including Joint Underwriting Association, Syndicate, Exchange, Plan, Fund or other facility directly as a member, subscriber or participant, or indirectly by way of reinsurance or assessments; provided this exclusion shall not apply to Automobile or Workers Compensation assigned risks which may be currently or subsequently covered hereunder.

Appears in 3 contracts

Samples: Reinsurance Agreement (Philadelphia Consolidated Holding Corp), Casualty Excess of Loss Reinsurance Agreement (Philadelphia Consolidated Holding Corp), Reinsurance Agreement (Philadelphia Consolidated Holding Corp)

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Reinsurance assumed by the Company. 5. Business derived from any Pool, Association, including Joint Underwriting Association, Syndicate, Exchange, Plan, Fund or other facility directly as a member, subscriber or participant, or indirectly by way of reinsurance or assessments; provided this exclusion shall not apply to Automobile or Workers Compensation assigned risks which may be currently or subsequently covered hereunder.. POR376426-/376428-/376430 7 Revised 09/15/06 (SWISS LOGO)

Appears in 1 contract

Samples: Philadelphia Consolidated Holding Corp

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