Common use of Claims and Losses Clause in Contracts

Claims and Losses. The Company shall report promptly to the Reinsurer each claim or loss for which the Company's estimated amount of net loss is 50% or more of the amount of the Company Retention and shall also report all cases of serious injury which, regardless of considerations of liability or coverage, might involve this reinsurance, including but not limited to the following:

Appears in 3 contracts

Samples: The Agreement (Penn America Group Inc), Loss Reinsurance Agreement (Merchants Group Inc), The Agreement (Penn America Group Inc)

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Claims and Losses. The Company COMPANY shall report promptly to the Reinsurer REINSURER each claim or loss for which the Company's COMPANY’s estimated amount of ultimate net loss is 50% exceeds $25,000 or more of the amount of the Company Retention more, and shall also report all cases of serious injury which, regardless of considerations of liability or coverage, might involve this reinsurance, including but not limited to the following:

Appears in 2 contracts

Samples: Loss Reinsurance Agreement (Lmi Holdings Inc), Loss Reinsurance Agreement (Lmi Holdings Inc)

Claims and Losses. The Company Reinsurer shall report promptly to the Reinsurer Company each claim or loss for which the Company's estimated amount of net loss is 50% or more of the amount of the Company Retention and shall also report all cases of serious injury which, regardless of considerations of liability or coverage, might involve this reinsurance, including but not limited to the following:

Appears in 1 contract

Samples: National Interstate CORP

Claims and Losses. The Company shall report promptly to the Reinsurer each claim or loss for which the Company's estimated amount of net loss is 50% or more of the amount of the Company Retention and shall also report all cases of serious injury which, regardless of considerations of liability or coverage, might involve this reinsurance, including but not limited to the following:

Appears in 1 contract

Samples: Paula Financial

Claims and Losses. The Company shall report promptly to the Reinsurer each claim or loss for which the Company's estimated amount of net loss Net Loss is 50% or more of the amount of the Company Retention and shall also report all cases of serious injury which, regardless of considerations of liability or coverage, might involve this reinsurance, including but not limited to the following:

Appears in 1 contract

Samples: The Agreement (Penn America Group Inc)

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Claims and Losses. The Company shall report promptly to the Reinsurer Reinsurers each claim or loss for which the Company's estimated amount of net loss is 50% or more of the amount of the Company Retention and shall also report all cases of serious injury which, regardless of considerations of liability or coverage, might involve this reinsurance, including but not limited to the following:

Appears in 1 contract

Samples: Professional Liability Agreement (Midwest Medical Insurance Holding Co)

Claims and Losses. The Company shall report promptly to the Reinsurer each claim or loss for which the Company's estimated amount of net loss is 50% $75,000 or more of the amount of the Company Retention and shall also report all cases of serious injury which, regardless of considerations of liability or coverage, might involve this reinsurance, including but not limited to the following:

Appears in 1 contract

Samples: Paula Financial

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