Examples of SALVAGE AND SUBROGATION in a sentence
SALVAGE AND SUBROGATION The Reinsurers will be credited with their share of salvage and/or subrogation in respect of claims and settlements under this Agreement, less their share of recovery expense.
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SALVAGE AND SUBROGATION RECOVERABLEIn the normal course of business, the Company obtains the ownership of damaged property, which they resell to various salvage operations.
ARTICLE XIV SALVAGE AND SUBROGATION [RESERVED] ARTICLE XV DELAYS, ERRORS, AND OMISSIONS Any inadvertent delay, error, or omission made in connection with this Agreement or any transaction hereunder shall not relieve either party from any liability that would have attached had such delay, error, or omission not occurred, provided that any error or omission is rectified as soon as reasonably practical.
ARTICLE X - SALVAGE AND SUBROGATION The Reinsurer shall be credited with salvage (i.e., reimbursement obtained or recovery made by the Company, less the actual cost, excluding salaries of officials and employees of the Company and sums paid to attorneys as retainer, of obtaining such reimbursement or making such recovery) on account of claims and settlements involving reinsurance hereunder.
LOSS AND LOSS EXPENSE; SALVAGE AND SUBROGATION; FOLLOW THE FORTUNES Retrocessionaire shall be liable for one hundred percent (100%) of all future loss, loss adjustment expenses, incurred but not reported losses and other payment obligations as incurred by Retrocedant under the Reinsurance Contracts on and after the Effective Date.
Your team can receive a voucher for the full amount of registration that was paid, the voucher needs to be redeemed by June 1, 2021 and will be valid for player fees for USA CUP or USA CUP Weekend 2021.
SALVAGE AND SUBROGATION: The Reinsurer will be credited with its share of salvage and/or subrogation in respect of claims and settlements under this Agreement, less its share of recovery expense.
SALVAGE AND SUBROGATION Recoveries under salvage or subrogation for losses shall be reported as credit entries using the appropriate salvage or subrogation type of transaction code.
DEPARTMENT OF INSURANCE SUBCHAPTER l: PROVISIONS APPLICABLE TO ALL COMPANIESPART 927ANTICIPATED SALVAGE AND SUBROGATION RECOVERABLE (REPEALED) Section927.10 Authority927.20 Purpose and Scope927.30 No Credit Permitted AUTHORITY: Implementing Section 136 and authorized by Section 401 of the Illinois Insurance Code (Ill.