Losses Paid definition

Losses Paid as used in this Facultative Quota Share Reinsurance Agreement shall mean losses paid less recoveries for salvage and subrogation.
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Losses Paid means actual payments to claimants under Policies covered hereunder.
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Losses Paid means Losses Paid by or on behalf of the Company less Recoveries for Salvage and Subrogation.
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Examples of Losses Paid in a sentence

  • Column 1 – Losses Paid Less Salvage – Direct BusinessLine 35 should agree with Schedule T, Line 59, Column 5.

  • Payment Payment Explanation for Difference (if any): Total: Total Payme00nts during 2016:0ent Schedule T:0Difference:0New Mexico Direct Losses Paid as shown in NAIC Annual Statem 2015 2016 Note: Use the same reporting instructions as for Schedule P - Part 2A of the NAIC Annual Statement,except that loss and ALAE should be DIRECT of REINSURANCE and should be NEW MEXICO claims only.

  • 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.

  • Line of Business ^ ^ ^ ^ ^ ^ ^ ^ ^ ^ ^ ^ ^ ^ ^ ^ ^ ^ ^ ^ ^ ^ ^ ^ ^ ^ ^ ^ ^ ^ ^ ^ ^ ^ ^ ^ ^ ^ ^ ^ ^ ^ ^ ^ ^ ^ ^ ^ ^ ^ ^ ^ ^ ^ ^ ^ ^ ^ ^ ^ ^ ^ ^ ^ ^ ^ ^ ^ ^ Losses Paid Less Salvage 1 2 3 4 Direct Reinsurance Reinsurance Net Payments Business Assumed Recovered (Cols.

  • Incurred Losses (Paid and Reserves) recorded on Workers’ Compensation claims resulting from injuries or occupational disease that occurred in the current year.

  • Section 1b Assumed Losses Paid Column 1 Gross Paid Assumed Losses• Enter gross payments for losses on reinsurance assumed by line of business.

  • 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.

  • 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.

  • A "B" filing must be submitted for each corresponding "A" filing where" 1) there was an entry on the "Idaho Only" line within the "Direct Losses Paid" column, and/or 2) there were closed claims within Idaho not resulting in payment.

  • Payment Payment Total: Total PaymenNew Mexico Direct Losses Paid as shown in NAIC Annual Statem 2019 2020 00ts during 2020:0ent Schedule T:0Difference:0Explanation for Difference (if any): Note:Use the same reporting instructions as for Schedule P - Part 2A of the NAIC Annual Statement, except that loss and ALAE should be DIRECT of REINSURANCE and should be NEW MEXICO claims only.


More Definitions of Losses Paid

Losses Paid as used in this Agreement shall mean Losses Paid less Recoveries for Salvage and Subrogation.
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Losses Paid as used in this Facultative Quota Share Reinsurance Agreement shall mean losses paid less recoveries for salvage and subrogation. (H) The term "Loss Expenses Paid" as used in this Facultative Quota Share Reinsurance Agreement shall mean all court costs, fees and expenses; fees for service of process; fees to attorneys; cost of undercover operative and detective services; fees of independent adjusters or attorneys for investigation or adjustment of claims beyond initial investigation, cost of employing experts for preparation of reports, photographs, diagrams, chemical or physical analysis or for advice, opinion or testimony concerning claims under investigation or in litigation; costs for legal transcripts of testimony taken at 30 <PAGE> coroner's inquests, criminal or civil proceedings; costs for copies of any public records; costs of depositions and court reported or recorded statements; and any other similar fees; cost or expense reasonably chargeable to the investigation, negotiation, settlement or defense of a claim or loss or to the protection and perfection of the subrogation rights of any insured covered by a Policy reinsured hereunder. (I) The term "Liability in Excess of Policy Limits" as used in this Facultative Quota Share Reinsurance Agreement means liability in excess of the limit of the Ceding Company's original Policy, such Loss in excess of the limit having been incurred because of, but not limited to, failure by the Ceding Company to settle within the Policy limit or by reason of alleged or actual negligence or bad faith in rejecting an offer of settlement or in the preparation of the defense or in the trial of any action against its insured or reinsured of the Ceding Company or in the preparation or prosecution of an appeal consequent upon such action or failure of the Ceding Company to pay any claim when due or improper denial by the Ceding Company of coverage. Notwithstanding any application of the foregoing definition herein, in no event shall coverage for any Liability in Excess of Policy Limits be provided to the extent that such coverage is not permitted under New York law pursuant to any provision of this Facultative Quota Share Reinsurance Agreement. 31 <PAGE>
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Losses Paid means payment made for Losses under Policies less related salvage and subrogation recoveries.
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Losses Paid as used in this AGREEMENT shall mean LOSSES actually paid by or on behalf of MICCA.
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Related to Losses Paid

  • Losses incurred means ceded losses and Loss Adjustment Expense paid as of the effective date of calculation, plus the ceded reserves for losses and Loss Adjustment Expense outstanding as of the same date.

  • Losses shall have the meaning set forth in Section 5(a).

  • Relevant Losses means, in relation to:

  • Loss or “Losses” means any and all losses, costs (including court costs), claims, damages (including fines, penalties, and criminal or civil judgments and settlements), injuries, liabilities and expenses (including attorneys’ fees).

  • Direct Losses means all damages, losses, liabilities, penalties, fines, assessments, claims, actions, costs, expenses (including the cost of legal or professional services, legal costs being on a substantial indemnity basis), proceedings, demands and charges whether arising under statute, contract or at common law, except Indirect Losses.

  • Tax Losses has the meaning assigned to such term in Section 7.1(a).

  • Indemnified Losses is defined in Section 5.03 of the Servicing Agreement.

  • Net Income (Loss) means, for any Person for any period, the aggregate of net income (or loss) of such Person and its Subsidiaries for such period, determined on a consolidated basis in conformity with GAAP.

  • Purchaser Losses shall have the meaning set forth in Section 9.1(a).

  • Loss or Losses means all losses, damages, liabilities, deficiencies, claims, actions, judgments, settlements, interest, awards, penalties, fines, costs or expenses of whatever kind, including reasonable attorneys' fees and the costs of enforcing any right to indemnification hereunder and the cost of pursuing any insurance providers.

  • Representative Losses has the meaning set forth in Section 10.01(c).

  • Purchaser Indemnified Person is defined in Section 5.1 of the Sale Agreement.

  • Purchaser Indemnified Persons has the meaning specified in Section 11.01(a).

  • Purchaser Indemnitees has the meaning set forth in Section 7.2.

  • Tax Loss means the taxable income or tax loss of the Trust, determined in accordance with Section 703(a) of the Code, for each Fiscal Year as determined for federal income tax purposes, together with each of the Trust's items of income, gain, loss or deduction which is separately stated or otherwise not included in computing taxable income and tax loss.

  • Purchaser Indemnified Party shall have the meaning set forth in Section 9.1(a).

  • distribution losses means energy losses that result from the interaction of intrinsic characteristics of the distribution network such as electrical resistance with network voltages and current flows;

  • Direct Loss means in respect of either Party, any Losses arising directly as a result of the other Party's failure to perform its obligations under this Agreement.

  • Indemnified Costs has the meaning specified in Section 8.05(a).

  • Purchaser Indemnified Parties has the meaning set forth in Section 8.2.

  • Buyer Losses has the meaning set forth in Section 10.1(a).

  • relevant loss means any loss or liability which has been or may be incurred by a relevant officer in connection with that relevant officer's duties or powers in relation to the Company, any associated company or any pension fund or employees' share scheme of the Company or associated company; and

  • Indemnifiable Losses means any and all Losses relating to, arising out of or resulting from any Indemnifiable Claim.

  • GP-Related Net Income (Loss) has the meaning set forth in Section 5.1(b).

  • Seller Losses has the meaning set forth in Section 10.2(a).

  • sustained means - maintained continuously over a period of at least two school years. They will be able to demonstrate that their teaching expertise has grown over the relevant period and is consistently at least good.