Retained limit definition
Retained limit means the amount of Ultimate Net Loss, identified in the applicable Declaration, which the Covered Party becomes liable to pay before the Authority is obligated to make payment.
Retained limit means the greater of:
Retained limit means the amount, identified in the applicable Declaration or certificate, of Ultimate Net Loss for which the Covered Party pays out of its own funds, unless otherwise provided herein, before the Authority is obligated to make payment, subject to the following:
More Definitions of Retained limit
Retained limit means the available limits of "underlying insurance" scheduled in the Declarations or the "self-insured retention", whichever applies.
Retained limit means the dollar amount of loss retained by
Retained limit means the available limits of "con- trolling underlying insurance" applicable to the claim.
Retained limit means the total applicable limits of “underlying insurance” and any applicable “other insurance” providing coverage to the “insured.
Retained limit means:
1. The total limits of any "underlying insur- ance" and any other insurance that applies to an "occurrence" or offense which:
a. Are available to an "insured"; or
b. Would have been available except for the bankruptcy or insolvency of an in- surer providing "underlying insurance"; or
2. The deductible, if any, as stated in the Declarations, if the "occurrence" or offense:
a. Is covered by this policy; and
b. Is not covered by "underlying insurance" or any other insurance.
Retained limit means those limits of underlying insurance shown on the declarations, supplemental declarations, forms or endorsements.
Retained limit means the maximum amount that an individual Member District shall be required to pay per occurrence before the coverages of a pool apply.