Examples of Losses Paid in a sentence
Loss reimbursement at any calendar quarter for each Coverage Year shall be equal to the amount of such cumulative Ultimate Net Losses Paid at each date in excess of the Retention less net loss reimbursements previously made by the Reinsurers, subject to the Aggregate Limits in accordance with ARTICLE 5: COVERAGES AND AGGREGATE LIMITS.
Loss Settlements Following each quarterly report, the Reinsurers shall pay all cumulative Ultimate Net Losses Paid in respect of Business Covered by the Ceding Company on and after January 1st of each respective Coverage Year in excess of the Ceding Company's Retention subject to the Aggregate Limits hereon.
The Reinsured shall report to the Reinsurer in a form mutually acceptable, within thirty (30) days after the end of each calendar quarter the amount of Losses Paid by the Reinsured during the quarter.
Within thirty (30) days of the end of each month while this Agreement remains in effect, the Company shall render to the Reinsurer an account current which shall summarize Gross Written Premiums, investment income, allowances for commissions, Losses Paid, Obligations and salvage recovered during the applicable month.
The total amount of Security required shall be adjusted at December 30, 1996 and at each December 30 thereafter to be an amount equal to 70% (seventy percent) of the Gross Ceded Premium (as set forth in Schedule A hereto) less the amount of Losses Paid for the expiring underwriting year, and such shall constitute the required Security for all underwriting years covered hereunder (computed as provided in Exhibit l hereto).
The amount of the Security required as of the date this Agreement is executed by the Reinsurer shall be equal to 100% (one hundred percent) of the amount of the Unearned Premium Reserve less the amount of Losses Paid for the Business reinsured hereunder.
Following each quarterly report, the Reinsurers shall pay all cumulative Ultimate Net Losses Paid in respect of Business Covered by the Ceding Company on and after January 1st of each respective Coverage Year in excess of the Ceding Company's Retention subject to the Aggregate Limits hereon.
Loss reimbursement at any calendar quarter for each Coverage Year shall be equal to the amount of such cumulative Ultimate Net Losses Paid at each date in excess of the Retention less net loss reimbursements previously made by the Reinsurers, subject to the Aggregate Limits in accordance with the COVERAGES AND AGGREGATE LIMITS Article.
In addition, the Reinsured will furnish a loss bordereau monthly within 30 days to include the following: Losses Paid, Loss Adjustment Expenses Paid, Salvages/Recoveries, Total Outstanding Reserve.
Total (Line 34) 151,621,493 79,726,765 72,839,346 71,530,002 84,656,170 Net Losses Paid (Page 9, Part 2, Col.