Several Liability. 41.1 The liability of the Underwriters is several and not joint and is limited solely to the extent of their individual proportions as shown in the attached table of security. The Underwriters are not responsible for the subscription of any co-subscribing underwriter or any other insurer or co- insurer who for any reason does not satisfy all or part of its obligations.
Appears in 5 contracts
Sources: Binding Authority Agreement, Binding Authority Agreement, Binding Authority Agreement
Several Liability. 41.1 The liability of the Underwriters is several and not joint and is limited solely to the extent of their individual proportions as shown in the attached table of security. The Underwriters are not responsible for the subscription of any co-subscribing underwriter or any other insurer or co- co-insurer who for any reason does not satisfy all or part of its obligations.
Appears in 4 contracts
Sources: Binding Authority Agreement, Binding Authority Agreement, Binding Authority Agreement
Several Liability. 41.1 The liability of the Underwriters is several and not joint and is limited solely to the extent of their individual proportions as shown in the attached table of securitytable. The Underwriters are not responsible for the subscription of any co-subscribing underwriter or any other insurer or co- co-insurer who for any reason does not satisfy all or part of its obligations.
Appears in 4 contracts
Sources: Underwriting Agreement, Underwriting Agreement, Binding Authority Agreement
Several Liability. 41.1 40.1 The liability of the Underwriters is several and not joint and is limited solely to the extent of their individual proportions as shown in the attached table Table of securitySecurity. The Underwriters are not responsible for the subscription of any co-subscribing underwriter Underwriter or any other insurer or co- insurer who for any reason does not satisfy all or part of its obligations.
Appears in 3 contracts
Sources: Consortium Agreement, Consortium Agreement, Consortium Agreement
Several Liability. 41.1 36.1 The liability of the Underwriters is several and not joint and is limited solely to the extent of their individual proportions as shown in the Schedule attached table of securityhereto. The Underwriters are not responsible for the subscription of any co-subscribing underwriter or any other insurer or co- insurer who for any reason does not satisfy all or part of its obligations.
Appears in 3 contracts
Sources: Service Company Underwriting Agreement, Service Company Underwriting Agreement, Underwriting Agreement
Several Liability. 41.1 The liability of the Underwriters is several and not joint and is limited solely to the extent of their individual proportions as shown in the attached table Table of securitySecurity. The Underwriters are not responsible for the subscription of any co-subscribing underwriter Underwriter or any other insurer or co- co-insurer who for any reason does not satisfy all or part of its obligations.
Appears in 1 contract
Sources: Consortium Agreement
Several Liability. 41.1 The liability of the Underwriters is several and not joint and is limited solely to the extent of their individual proportions as shown in the attached table of security. The Underwriters are not responsible for the subscription of any co-subscribing underwriter or any other insurer or co- co-insurer who for any reason does not satisfy all or part of its obligations.
Appears in 1 contract
Sources: Binding Authority Agreement