Examples of Net Retained Liability in a sentence
Therefore, Net Retained Liability would be increased in respect of pro rata Loss Adjustment Expenses.
The Ceding Company must obtain special acceptance from Reinsurers prior to exceeding the above maximum Net Retained Liability.
The Ceding Company warrants that the maximum Net Retained Liability is as follows: POLICIES CLASSIFIED AS: MAXIMUM NET RETAINED LIABILITY Property insurance: Medical Office Policy $ 2,000,000 any one policy Other Property Coverage $ 500,000 each and every loss All Other Policies $ 10,000,000 each and every loss 7 8 The above figures pertain to indemnity only.
Foreign insurers should use the same formulas so they can compare the results on this form to their premium reserve amounts.Line 1, Net Retained Liability (in millions).
As of now, 107 numbers of SPPR has been prepared for batch -1 consisting of 8-subprojects, batch-2 consisting of 20-subprojects, batch -3 consisting of 40-sub-projects and 39 sub-projects of batch-4.