LMG definition
Examples of LMG in a sentence
The reinstatement premium shall be calculated assuming the LMG Companies have the same co-participation as the Company.
The recovery will then be allocated to the Company in the same ratio that the Ultimate Net Loss bears to the total Ultimate Net Loss of the Company and the Legal Entities, on the one hand, and the LMG Companies, on the other hand.
The reinsurance recovery will be calculated assuming the LMG Companies have the same co-participation as the Company.
It is understood and agreed that the limit and retention described above applies to both the Company, and to Liberty Mutual Insurance Company, Liberty Mutual Fire Insurance Company, and all of their affiliates (other than the Company and the Legal Entities) (hereinafter “the LMG Companies”).
Any loss occurrence affecting both the LMG Companies, on the one hand, and the Company and the Legal Entities, on the other, shall be combined with respect to the application of the limit and retention set forth herein.