Special Commutation. A. The Company may require commutation of that portion of any loss hereunder represented by any outstanding claim or claims, including any related loss adjustment expense, plus unearned premium hereunder, if any remains, if the Subscribing Reinsurer is a Special Circumstance Reinsurer. "Outstanding claim or claims" shall include claims incurred but not reported, as established by the Company, including any billed yet unpaid claims.
Appears in 5 contracts
Samples: Interests and Liabilities Agreement (Homeowners of America Holding Corp), Homeowners of America Holding Corp, Homeowners of America Holding Corp
Special Commutation. A. The Company may require commutation of that portion of any loss hereunder represented by any outstanding claim or claims, including any related loss adjustment expense, plus unearned premium hereunder, if any remains, if the Subscribing Reinsurer is a Special Circumstance Reinsurer. "“Outstanding claim or claims" ” shall include claims incurred but not reported, as established by the Company, including any billed yet unpaid claims.
Appears in 5 contracts
Samples: Residential Property Quota Share (Homeowners of America Holding Corp), Residential Property (Homeowners of America Holding Corp), Residential Quota Share (Homeowners of America Holding Corp)
