{"component": "definition", "props": {"groups": [{"size": 145, "snippet_links": [{"key": "in-this-contract", "type": "clause", "offset": [8, 24]}, {"key": "loss-in-excess-of-policy-limits", "type": "clause", "offset": [63, 94]}, {"key": "extra-contractual-obligations", "type": "clause", "offset": [96, 125]}, {"key": "loss-adjustment-expense", "type": "clause", "offset": [130, 153]}, {"key": "company-in", "type": "clause", "offset": [197, 207]}, {"key": "settlement-of-claims", "type": "definition", "offset": [208, 228]}, {"key": "satisfaction-of-judgments", "type": "clause", "offset": [236, 261]}, {"key": "deduction-of", "type": "clause", "offset": [304, 316]}, {"key": "all-claims", "type": "definition", "offset": [349, 359]}, {"key": "under-this-contract", "type": "clause", "offset": [479, 498]}], "snippet": "as used in this Contract shall mean the sum or sums (including loss in excess of policy limits, extra contractual obligations and loss adjustment expense, as defined herein) paid or payable by the Company in settlement of claims and in satisfaction of judgments rendered on account of such claims, after deduction of all salvage, all recoveries and all claims on inuring insurance or reinsurance, whether collectible or not. Nothing herein shall be construed to mean that losses under this Contract are not recoverable until the Company's ultimate net loss has been ascertained.", "samples": [{"hash": "lx2QEl0xraW", "uri": "/contracts/lx2QEl0xraW#ultimate-net-loss", "label": "Excess Catastrophe Reinsurance Contract (FedNat Holding Co)", "score": 31.8548946381, "published": true}, {"hash": "lse1CRuxCmE", "uri": "/contracts/lse1CRuxCmE#ultimate-net-loss", "label": "Excess Catastrophe Reinsurance Contract (FedNat Holding Co)", "score": 31.8548946381, "published": true}, {"hash": "kw2DWKKcLEJ", "uri": "/contracts/kw2DWKKcLEJ#ultimate-net-loss", "label": "Excess Catastrophe Reinsurance Contract (FedNat Holding Co)", "score": 31.8548946381, "published": true}], "hash": "729aa2c46f025b3b236818c10eb3a104", "id": 1}, {"size": 37, "snippet_links": [{"key": "actual-loss", "type": "definition", "offset": [10, 21]}, {"key": "sustained-by", "type": "clause", "offset": [22, 34]}, {"key": "arising-out-of", "type": "definition", "offset": [47, 61]}, {"key": "resulting-from", "type": "definition", "offset": [65, 79]}], "snippet": "means the actual loss sustained by the Assured arising out of or resulting from any one Occurrence", "samples": [{"hash": "lH3fmoDy0cI", "uri": "/contracts/lH3fmoDy0cI#ultimate-net-loss", "label": "Shareholder Agreements", "score": 35.8600959778, "published": true}, {"hash": "9JqCE2EALrX", "uri": "/contracts/9JqCE2EALrX#ultimate-net-loss", "label": "Shareholders Agreement", "score": 35.2562103271, "published": true}, {"hash": "hHsCzXsgVx9", "uri": "/contracts/hHsCzXsgVx9#ultimate-net-loss", "label": "Shareholders Agreement", "score": 35.0153236389, "published": true}], "hash": "37e6dd1f6fb78a2dbdab8a1fc2c04a27", "id": 2}, {"size": 36, "snippet_links": [{"key": "actual-loss", "type": "definition", "offset": [10, 21]}, {"key": "by-the-company", "type": "clause", "offset": [27, 41]}, {"key": "to-pay", "type": "clause", "offset": [78, 84]}, {"key": "loss-to", "type": "clause", "offset": [91, 98]}, {"key": "loss-adjustment-expense", "type": "clause", "offset": [107, 130]}, {"key": "loss-in-excess-of-policy-limits", "type": "clause", "offset": [189, 220]}, {"key": "extra-contractual-obligations", "type": "clause", "offset": [239, 268]}, {"key": "in-no-event", "type": "clause", "offset": [302, 313]}, {"key": "loss-occurrence", "type": "definition", "offset": [379, 394]}, {"key": "comprised-of", "type": "definition", "offset": [398, 410]}], "snippet": "means the actual loss paid by the Company or which the Company becomes liable to pay, such loss to include Loss Adjustment Expense, 100% of any Extra Contractual Obligation and 100% of any Loss in Excess of Policy Limits as defined in the Extra Contractual Obligations/Excess of Policy Limits Article. In no event, however, shall more than 25% of \u201cUltimate Net Loss\u201d for any one Loss Occurrence be comprised of Extra Contractual Obligations and Loss in Excess of Policy Limits.", "samples": [{"hash": "8BfHBbJD5t3", "uri": "https://www.sec.gov/Archives/edgar/data/1873951/000119312521323076/d211574dex1021.htm", "label": "Interests and Liabilities Agreement (TypTap Insurance Group, Inc.)", "score": 23.8521556854, "published": false}, {"hash": "8u2ImGtI73n", "uri": "https://www.sec.gov/Archives/edgar/data/1400810/000156459020038411/hci-ex1028_229.htm", "label": "Loss Reinsurance Contract (HCI Group, Inc.)", "score": 22.6064338684, "published": false}, {"hash": "fWeWvAjAp6Q", "uri": "https://www.sec.gov/Archives/edgar/data/1400810/000156459020038411/hci-ex1025_232.htm", "label": "Reinsurance Contract (HCI Group, Inc.)", "score": 22.6064338684, "published": false}], "hash": "2bf93418f4b75db8d69a524a1ad29415", "id": 3}, {"size": 32, "snippet_links": [{"key": "amount-paid", "type": "definition", "offset": [10, 21]}, {"key": "by-the-company", "type": "clause", "offset": [22, 36]}, {"key": "eligible-crop-insurance-contract", "type": "definition", "offset": [47, 79]}, {"key": "this-agreement", "type": "clause", "offset": [96, 110]}, {"key": "settlement-of", "type": "clause", "offset": [114, 127]}, {"key": "satisfaction-of", "type": "clause", "offset": [145, 160]}, {"key": "arbitration-award", "type": "definition", "offset": [175, 192]}, {"key": "as-specified", "type": "clause", "offset": [239, 251]}, {"key": "appendix-i", "type": "definition", "offset": [275, 285]}, {"key": "an-eligible", "type": "clause", "offset": [324, 335]}], "snippet": "means the amount paid by the Company under any eligible crop insurance contract reinsured under this Agreement in settlement of any claim and in satisfaction of any judgment, arbitration award, or mediation (including any interest awarded as specified in section XI(e)(1) of Appendix I) rendered on account of a claim under an eligible crop insurance contract, less any recovery or salvage by the Company.", "samples": [{"hash": "iLiqiISldtM", "uri": "/contracts/iLiqiISldtM#ultimate-net-loss", "label": "Standard Reinsurance Agreement", "score": 36.0165405273, "published": true}, {"hash": "dZsQvkEVDc6", "uri": "/contracts/dZsQvkEVDc6#ultimate-net-loss", "label": "Reinsurance Agreement", "score": 34.7826766968, "published": true}, {"hash": "21oMsdgj2eq", "uri": "/contracts/21oMsdgj2eq#ultimate-net-loss", "label": "Reinsurance Agreement", "score": 33.7925224304, "published": true}], "hash": "602193a729f95d32883e2eb1d9a4c270", "id": 4}, {"size": 27, "snippet_links": [{"key": "in-this-contract", "type": "clause", "offset": [8, 24]}, {"key": "actual-loss", "type": "definition", "offset": [40, 51]}, {"key": "by-the-company", "type": "clause", "offset": [57, 71]}, {"key": "to-pay", "type": "clause", "offset": [112, 118]}, {"key": "loss-to", "type": "clause", "offset": [125, 132]}, {"key": "extra-contractual-obligations", "type": "clause", "offset": [213, 242]}, {"key": "any-excess", "type": "definition", "offset": [259, 269]}, {"key": "excess-of-policy-limits", "type": "clause", "offset": [304, 327]}, {"key": "expenses-of-litigation", "type": "clause", "offset": [337, 359]}, {"key": "and-interest", "type": "clause", "offset": [360, 372]}, {"key": "declaratory-judgment-expenses", "type": "definition", "offset": [389, 418]}, {"key": "loss-expense", "type": "definition", "offset": [434, 446]}, {"key": "of-the-company", "type": "clause", "offset": [447, 461]}, {"key": "recovery-expenses", "type": "definition", "offset": [498, 515]}, {"key": "salaries-of", "type": "clause", "offset": [537, 548]}, {"key": "officials-and-employees", "type": "definition", "offset": [549, 572]}, {"key": "inure-to-the-benefit", "type": "clause", "offset": [753, 773]}, {"key": "amount-of-liability", "type": "clause", "offset": [875, 894]}, {"key": "loss-settlement", "type": "definition", "offset": [989, 1004]}, {"key": "prior-to-the", "type": "clause", "offset": [1060, 1072]}, {"key": "necessary-adjustments", "type": "clause", "offset": [1103, 1124]}, {"key": "the-parties-hereto", "type": "clause", "offset": [1142, 1160]}, {"key": "quota-share", "type": "definition", "offset": [1207, 1218]}, {"key": "excess-of-loss", "type": "clause", "offset": [1223, 1237]}, {"key": "to-the-company", "type": "definition", "offset": [1286, 1300]}, {"key": "sole-benefit", "type": "clause", "offset": [1303, 1315]}, {"key": "all-purposes", "type": "definition", "offset": [1345, 1357]}, {"key": "for-purposes-of-this-definition", "type": "clause", "offset": [1366, 1397]}, {"key": "the-phrase", "type": "clause", "offset": [1399, 1409]}, {"key": "the-company-has", "type": "clause", "offset": [1568, 1583]}, {"key": "proof-of-loss", "type": "definition", "offset": [1595, 1608]}, {"key": "expenses-incurred", "type": "clause", "offset": [1708, 1725]}, {"key": "in-connection-with", "type": "clause", "offset": [1741, 1759]}, {"key": "declaratory-judgment-actions", "type": "clause", "offset": [1760, 1788]}, {"key": "determine-the", "type": "clause", "offset": [1800, 1813]}, {"key": "indemnification-obligations", "type": "definition", "offset": [1839, 1866]}, {"key": "specific-policies", "type": "definition", "offset": [1889, 1906]}, {"key": "and-claims", "type": "clause", "offset": [1907, 1917]}, {"key": "subject-to", "type": "clause", "offset": [1918, 1928]}, {"key": "date-of", "type": "clause", "offset": [2033, 2040]}, {"key": "the-original", "type": "definition", "offset": [2041, 2053]}, {"key": "nothing-in-this-clause", "type": "clause", "offset": [2116, 2138]}], "snippet": "as used in this Contract shall mean the actual loss paid by the Company or for which the Company becomes liable to pay, such loss to include 90% of any Extra Contractual Obligation (and expense) as defined in the EXTRA CONTRACTUAL OBLIGATIONS ARTICLE, 90% of any Excess of Policy Limit as defined in the EXCESS OF POLICY LIMITS ARTICLE, expenses of litigation and interest, claim-specific declaratory judgment expenses, and all other loss expense of the Company including subrogation, salvage, and recovery expenses (office expenses and salaries of officials and employees not classified as loss adjusters are not chargeable as expenses for purposes of this paragraph), but salvages and all recoveries, including recoveries under all reinsurances which inure to the benefit of this Contract (whether recovered or not), shall be first deducted from such loss to arrive at the amount of liability attaching hereunder. All salvages, recoveries or payments recovered or received subsequent to loss settlement hereunder shall be applied as if recovered or received prior to the aforesaid settlement, and all necessary adjustments shall be made by the parties hereto. The Company is permitted to carry underlying quota share and excess of loss reinsurance, recoveries under which shall inure to the Company's sole benefit and shall be disregarded for all purposes hereof. For purposes of this definition, the phrase \"becomes liable to pay\" shall mean the existence of a judgment which the Company does not intend to appeal, or a release has been obtained by the Company, or the Company has accepted a proof of loss. The phrase \"claim-specific declaratory judgment expenses,\" as used in this Contract will mean all expenses incurred by the Company in connection with declaratory judgment actions brought to determine the Company's defense and/or indemnification obligations that are allocable to specific Policies and claims subject to this Contract. Declaratory judgment expenses will be deemed to have been incurred by the Company on the date of the original loss (if any) giving rise to the declaratory judgment action. Nothing in this clause shall be construed to mean that losses are not recoverable hereunder until the Company's Ultimate Net Loss has been ascertained.", "samples": [{"hash": "g5Pa2haQ6l", "uri": "https://www.sec.gov/Archives/edgar/data/109261/000104746905011436/a2156391zex-10_8.htm", "label": "Reinsurance Contract (Zenith National Insurance Corp)", "score": 10.0, "published": false}, {"hash": "bGxPsVnMUfg", "uri": "https://www.sec.gov/Archives/edgar/data/109261/000104746904023764/a2139936zex-10_2.htm", "label": "Zenith National Insurance Corp", "score": 6.0, "published": false}, {"hash": "cADXlDg5fir", "uri": "https://www.sec.gov/Archives/edgar/data/109261/000104746904023764/a2139936zex-10_1.htm", "label": "Zenith National Insurance Corp", "score": 6.0, "published": false}], "hash": "d7b31041b475749c543ed79774f4dce7", "id": 5}, {"size": 25, "snippet_links": [{"key": "loss-to", "type": "clause", "offset": [21, 28]}, {"key": "the-insured", "type": "clause", "offset": [29, 40]}, {"key": "not-limited", "type": "clause", "offset": [104, 115]}, {"key": "interest-and-commissions", "type": "clause", "offset": [147, 171]}, {"key": "specific-insurance", "type": "clause", "offset": [280, 298]}, {"key": "employees-of-the", "type": "clause", "offset": [344, 360]}, {"key": "the-investigation", "type": "clause", "offset": [381, 398]}, {"key": "adjustment-of-claims", "type": "clause", "offset": [402, 422]}, {"key": "actions-or-proceedings", "type": "clause", "offset": [424, 446]}, {"key": "agreed-by", "type": "definition", "offset": [465, 474]}, {"key": "the-insurer", "type": "clause", "offset": [475, 486]}, {"key": "this-policy", "type": "definition", "offset": [502, 513]}], "snippet": "means the actual net loss to the Insured after making proper deduction for all recoveries including but not limited to payments against principal, interest and commissions and salvages (but deduction shall not be made for the amount of the deductibles which may be recoverable on specific insurance) and shall exclude all expenses for salaried Employees of the Insured incurred in the investigation or adjustment of claims, actions or proceedings, unless specially agreed by the Insurer but nothing in this Policy shall be construed to mean that a claim is not recoverable hereunder until the Ultimate Net Loss has been ascertained.", "samples": [{"hash": "5WJtWZmbcWO", "uri": "https://shgb.co.in/assets/tenders/da91a357231a3efb9b6e4a83729acdd3.pdf", "label": "Notice", "score": 16.0773448944, "published": false}, {"hash": "fzx0urRjttt", "uri": "https://karnatakagraminbank.com/public/tender-files/RFP-Conditions.pdf", "label": "karnatakagraminbank.com", "score": 11.5831623077, "published": false}, {"hash": "iTDis1DviyP", "uri": "https://bankofmaharashtra.in/writereaddata/documentlibrary/18f50ebf-fb00-4a95-8985-2e7a792b6a9c.pdf", "label": "bankofmaharashtra.in", "score": 11.210814476, "published": false}], "hash": "0e918b8419a4f7f5b88fb5cf6f7d0198", "id": 6}, {"size": 24, "snippet_links": [{"key": "extra-contractual-obligations", "type": "clause", "offset": [67, 96]}, {"key": "loss-in-excess-of-policy-limits", "type": "clause", "offset": [115, 146]}, {"key": "loss-adjustment-expenses", "type": "definition", "offset": [156, 180]}, {"key": "indemnity-loss", "type": "definition", "offset": [226, 240]}, {"key": "fair-rental-value", "type": "clause", "offset": [284, 301]}, {"key": "company-in", "type": "clause", "offset": [354, 364]}, {"key": "settlement-of-claims", "type": "definition", "offset": [365, 385]}, {"key": "satisfaction-of-judgments", "type": "clause", "offset": [393, 418]}, {"key": "deduction-of", "type": "clause", "offset": [461, 473]}, {"key": "all-claims", "type": "definition", "offset": [506, 516]}, {"key": "this-agreement", "type": "clause", "offset": [642, 656]}], "snippet": "as used herein is defined as the sum or sums (including 90% of any Extra Contractual Obligations and/or 90% of any Loss In Excess of Policy Limits, and any Loss Adjustment Expenses as hereinafter defined, provided there is an indemnity loss hereunder, and any Loss Adjustment Expense/fair rental value unrecoverable from the FHCF) paid or payable by the Company in settlement of claims and in satisfaction of judgments rendered on account of such claims, after deduction of all salvage, all recoveries and all claims on inuring insurance or reinsurance, whether collectible or not. Nothing herein shall be construed to mean that losses under this Agreement are not recoverable until the Company's Ultimate Net Loss has been ascertained.", "samples": [{"hash": "5bzpindJNys", "uri": "https://www.sec.gov/Archives/edgar/data/1401521/000140152112000027/exh10726jun12.htm", "label": "Loss Reinsurance Agreement (United Insurance Holdings Corp.)", "score": 14.4832305908, "published": false}, {"hash": "leIsGTEV5GU", "uri": "https://www.sec.gov/Archives/edgar/data/1401521/000140152112000005/exh101531dec11.htm", "label": "Loss Reinsurance Agreement (United Insurance Holdings Corp.)", "score": 14.1984939575, "published": false}, {"hash": "87dRkV4PuQl", "uri": "https://www.sec.gov/Archives/edgar/data/1401521/000140152112000005/exh101131dec11.htm", "label": "Excess of Loss Reinsurance Agreement (United Insurance Holdings Corp.)", "score": 14.1984939575, "published": false}], "hash": "828eb0549e91d9b4f938d7d9fbd3bc0b", "id": 7}, {"size": 20, "snippet_links": [{"key": "amount-paid", "type": "definition", "offset": [10, 21]}, {"key": "by-the-company", "type": "clause", "offset": [22, 36]}, {"key": "eligible-livestock-price-insurance-contract", "type": "definition", "offset": [47, 90]}, {"key": "this-agreement", "type": "clause", "offset": [107, 121]}, {"key": "settlement-of", "type": "clause", "offset": [125, 138]}, {"key": "satisfaction-of", "type": "clause", "offset": [156, 171]}, {"key": "arbitration-award", "type": "definition", "offset": [186, 203]}, {"key": "as-specified", "type": "clause", "offset": [250, 262]}, {"key": "appendix-i", "type": "definition", "offset": [286, 296]}, {"key": "an-eligible", "type": "clause", "offset": [335, 346]}], "snippet": "means the amount paid by the Company under any eligible livestock price insurance contract reinsured under this Agreement in settlement of any claim and in satisfaction of any judgment, arbitration award, or mediation (including any interest awarded as specified in section XI(e)(1) of Appendix I) rendered on account of a claim under an eligible livestock price insurance contract, less any recovery or salvage by the Company.", "samples": [{"hash": "bF2BJmtwrpq", "uri": "/contracts/bF2BJmtwrpq#ultimate-net-loss", "label": "Livestock Price Reinsurance Agreement", "score": 35.0232696533, "published": true}, {"hash": "joy5yyjssHV", "uri": "/contracts/joy5yyjssHV#ultimate-net-loss", "label": "Livestock Price Reinsurance Agreement", "score": 33.7864303589, "published": true}, {"hash": "8W7rdoYOwi4", "uri": "/contracts/8W7rdoYOwi4#ultimate-net-loss", "label": "Livestock Price Reinsurance Agreement", "score": 32.7574920654, "published": true}], "hash": "d525139b5d70f4445ec31d6331e624a9", "id": 8}, {"size": 18, "snippet_links": [{"key": "the-total", "type": "clause", "offset": [6, 15]}, {"key": "costs-incurred", "type": "definition", "offset": [31, 45]}, {"key": "covered-parties", "type": "clause", "offset": [53, 68]}, {"key": "parties-are", "type": "clause", "offset": [107, 118]}, {"key": "of-the-authority", "type": "clause", "offset": [191, 207]}, {"key": "this-coverage", "type": "definition", "offset": [245, 258]}], "snippet": "means the total of all Defense Costs incurred by the Covered Parties and all Damages for which the Covered Parties are liable either by adjudication or by compromise with the written consent of the Authority, arising from an Occurrence to which this coverage applies.", "samples": [{"hash": "l7l3XJzi47N", "uri": "https://www.perma.dst.ca.us/vertical/sites/%7B58E94294-CA71-4F19-A993-2D8F22B384D8%7D/uploads/2021-22-ERMA-MOC_FINAL_7.6.21.pdf", "label": "www.perma.dst.ca.us", "score": 10.7549619675, "published": false}, {"hash": "2QquzJRosy1", "uri": "https://pooling.sedgwick.com/wp-content/uploads/2021/03/3.29.21-ERMA-Coverage-Committee-Agenda.-Compiled.pdf", "label": "pooling.sedgwick.com", "score": 10.6112251282, "published": false}, {"hash": "lHwSRXWICG4", "uri": "https://mpa-nc.com/Archive/ViewFile/Item/503", "label": "mpa-nc.com", "score": 10.2758388519, "published": false}], "hash": "882fd335d9204a93a701fb382b14624d", "id": 9}, {"size": 17, "snippet_links": [{"key": "section-23", "type": "clause", "offset": [36, 47]}], "snippet": "shall have the meaning specified in Section 2.3.", "samples": [{"hash": "3Ex43C6nOzP", "uri": "/contracts/3Ex43C6nOzP#ultimate-net-loss", "label": "Aggregate Loss Portfolio Reinsurance Agreement", "score": 31.3408622742, "published": true}, {"hash": "iswtz2nBr0w", "uri": "/contracts/iswtz2nBr0w#ultimate-net-loss", "label": "Coinsurance Agreement (Penn Treaty American Corp)", "score": 21.0, "published": true}, {"hash": "hYvRwKUCrcu", "uri": "/contracts/hYvRwKUCrcu#ultimate-net-loss", "label": "Aggregate Loss Portfolio Reinsurance Agreement (Assured Guaranty LTD)", "score": 21.0, "published": true}], "hash": "4261e16ce2f6c3c8ed31d6250c954ecc", "id": 10}], "next_curs": "Cl4SWGoVc35sYXdpbnNpZGVyY29udHJhY3RzcjoLEhpEZWZpbml0aW9uU25pcHBldEdyb3VwX3Y1NiIadWx0aW1hdGUtbmV0LWxvc3MjMDAwMDAwMGEMogECZW4YACAA", "definition": {"title": "Ultimate Net Loss", "size": 989, "snippet": "as used in this Contract shall mean the sum or sums (including loss in excess of policy limits, extra contractual obligations and loss adjustment expense, as defined herein) paid or payable by the Company in settlement of claims and in satisfaction of judgments rendered on account of such claims, after deduction of all salvage, all recoveries and all claims on inuring insurance or reinsurance, whether collectible or not. Nothing herein shall be construed to mean that losses under this Contract are not recoverable until the Company's ultimate net loss has been ascertained.", "id": "ultimate-net-loss", "examples": ["This Contract shall cover Extra Contractual Obligations, as provided in the definition of <strong>Ultimate Net Loss</strong>.", "For purposes of allocating recoveries from the FHCF with respect to each Loss Occurrence, only amounts recoverable by applying the pay-out and retention multiples for the FHCF prior to any reduction in retention due to multiple Loss Occurrences in the same annual period shall be included in calculating the deduction from <strong>Ultimate Net Loss</strong>.", "If this Agreement includes cover for Extra Contractual Obligations or Excess of Policy Limit payments, then such losses which arise out of claims where Fungi are present or alleged to be present may be included in the <strong>Ultimate Net Loss</strong> but only up to a maximum of [***]% of the <strong>Ultimate Net Loss</strong>.", "Such losses arising from Fungi may only be included in the Company\u2019s <strong>Ultimate Net Loss</strong> if they manifest themselves, and are reported to the Company, within 24 months of the start of the event identified in relation to that <strong>Ultimate Net Loss</strong>.", "Any other FHCF recoveries shall be disregarded for purposes of determining <strong>Ultimate Net Loss</strong> subject to this Contract."], "related": [["net-loss", "Net Loss", "Net Loss"], ["net-loss-amount", "Net Loss Amount", "Net Loss Amount"], ["packet-loss", "Packet Loss", "Packet Loss"], ["net-loss-proceeds", "Net Loss Proceeds", "Net Loss Proceeds"], ["net-losses", "Net Losses", "Net Losses"]], "related_snippets": [], "updated": "2026-05-10T05:39:37+00:00"}, "json": true, "cursor": ""}}