Aggregate Excess Workers' Compensation definition
Examples of Aggregate Excess Workers' Compensation in a sentence
This Agreement shall cover business classified by the Reinsured as Specific and/or Aggregate Excess Workers' Compensation and Casualty Business, and shall apply to the Reinsured's Net Losses occurring prior to January 1, 1997 for Policies effective on or before December 31, 1996.
The Reinsurer shall not be liable for any loss under Specific and/or Aggregate Excess Workers' Compensation Policies until the Net Loss of the Reinsured exceeds $590,900,000 in excess of various self-insured retentions, and then the Reinsurer shall be liable for the amount of Net Loss sustained by the Reinsured in excess of $590,900,000, but the Reinsurer's liability shall not exceed $185,100,000.
The Reinsured's Losses Paid through December 31, 1996 are $214,092,382 on Specific and/or Aggregate Excess Workers' Compensation Policies and $63,934,116 on Casualty Business Policies.