Loss Pick definition

Loss Pick wherever used herein, means the estimated annual total ultimate loss for the account. The Company will establish such amount with their actuary Ernst & Young. The Company shall be the sole judge of the “Loss Pick”.
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Examples of Loss Pick in a sentence

  • The Loss Ratio equals Ultimate Loss divided by the Loss Pick Containment Amount.

  • Participant agrees to make and maintain a capital deposit in its cell equal to the Estimated Annual Loss Pick Containment Amount shown in Table C multiplied by 10% during year 1; 10% during year 2; and 10% thereafter.

  • The Participant, through its cell account, will be responsible for an amount equal to all losses under the Policies in aggregate up to the Cumulative Aggregate Limit which equals 0.9500 multiplied by the Loss Pick Containment Amount.

  • The Loss Pick Containment Amount is defined as the amount equal to the product of Policy Payroll and the respective Loss Pick Containment Rates listed in the attached Table C.

  • The Estimated Annual Loss Pick Containment Amount and the resulting capital deposit are subject to change in the Company's sole discretion if Policy Payroll varies from estimates made as of the Effective Date of this Schedule 1.

  • An amount equal to the premium earned under the Policies in excess of the Loss Pick Containment Amount multiplied by the applicable Exposure Group Adjustment Factor multiplied by the Allocation Factor listed in the attached Table B, will be allocated to the Participant’s cell.