Second Layer. FCIC’s participation on this layer shall be one hundred percent (100%) of the amount by which the Company’s aggregate ultimate net losses exceeds five hundred percent (500%) of aggregate net book premium retained by the Company.
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Sources: Livestock Price Reinsurance Agreement, Livestock Price Reinsurance Agreement, Livestock Price Reinsurance Agreement
Second Layer. FCIC’s participation on this layer shall be one hundred percent (100%) of the amount by which the Company’s aggregate ultimate net losses exceeds five hundred percent (500%) of aggregate net book premium retained by the Company.Company.
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