NET RETAINED LIABILITY. A. This Contract applies only to that portion of any loss that the Company retains net for its own account (prior to deduction of any reinsurance that inures solely to the benefit of the Company).
NET RETAINED LIABILITY. This Contract shall apply only to that portion of any insurance or reinsurance the Company retains net for its own account, and in calculating the amount of any loss hereunder and the amount in excess of which this Contract attaches, only loss or losses with respect to that portion of any insurance or reinsurance the Company retains net for its own account shall be included. It is understood and agreed, however, that the Reinsurer's liability hereunder with respect to any loss or losses shall not be increased by reason of the inability of the Company to collect from any other reinsurers, whether specific or general, any amounts which may be due from them, whether such inability arises from the insolvency of such other reinsurers or otherwise.
NET RETAINED LIABILITY. The amount of the Reinsurer’s liability hereunder in respect of any loss or losses shall not be increased by reason of the inability of the Ceding Insurer to collect from any other reinsurer(s), whether specific or general, any amounts that may have become due from such reinsurer(s), whether such inability arises from the insolvency of such other reinsurer(s) or otherwise.
NET RETAINED LIABILITY. The excess of loss layers of this Agreement will apply only to that portion of any insurance or reinsurance that the Company retains net for its own account prior to application of the quota share layer. Such portion will be used in calculating the amount of loss hereunder as well as the amount in excess of which the excess of loss layers apply. Exhibit B (Per Person Excess of Loss) of this Agreement will inure, in the following order, to the benefit of: a) Exhibit C (Per Person Aggregate Excess of Loss), b) the Company's Accidental Death and Dismemberment Excess of Loss Reinsurance Agreement AR 15845-10, and then to c) Exhibit A (Quota Share) of this Agreement. Exhibit C (Per Policy Aggregate Excess of Loss) of this Agreement will inure, in the following order, to the benefit of: a) the Company's Accidental Death and Dismemberment Excess of Loss Reinsurance Agreement AR 15845-10, and then to b) Exhibit A (Quota Share) of this Agreement. The amount of the Reinsurers' liability hereunder with respect to any loss will not be increased by the inability of the Company to collect from any other reinsurers any amounts that may have become due from them, whether such inability arises from the insolvency of such reinsurers or otherwise.
NET RETAINED LIABILITY. A. All of the liabilities pursuant to the MSRE Assumptions will be fully-funded by the Retrocessionaire(s) and MSRE will not retain any liability to the Cedents with respect to the MSRE Assumptions.
NET RETAINED LIABILITY. This Treaty applies only to that portion of any Loss Occurrence or claim first made which the Ceding Company retains net for its own account. All other Reinsurance Agreements shall inure to the benefit of this Treaty and be deemed in place until all liability hereon is finalized. The Ceding Company warrants that the maximum Net Retained Liability is as follows:
NET RETAINED LIABILITY. This Agreement will apply only to that portion of any insurance or reinsurance that the Company retains net for its own account, and such portion will be used in calculating the amount of any ultimate net loss hereunder as well as the amount in excess of which this Agreement attaches; however, recovery from any underlying reinsurance will inure to the sole benefit of the Company and will be disregarded for the purposes of this Agreement. The amount of the Reinsurers’ liability hereunder with respect to any ultimate net loss will not be increased by the inability of the Company to collect from any other reinsurers any amounts that may have become due from them, whether such inability arises from the insolvency of such reinsurers or otherwise.
NET RETAINED LIABILITY. The third paragraph and maximum Net Retained Liability table are deleted and replaced with the following: "The Ceding Company warrants that the maximum Net Retained Liability is as follows:
NET RETAINED LIABILITY. The excess of loss layers of this Contract (Exhibits B, C and G) will apply only to that portion of any insurance or reinsurance that the Company retains net for its own account prior to application of the quota share layer (Exhibit A). Such portion will be used in calculating the amount of Loss hereunder as well as the amount in excess of which the excess of loss layers apply. The amount of the Reinsurers' liability hereunder with respect to any Loss will not be increased by the inability of the Company to collect from any other reinsurers any amounts that may have become due from them, whether such inability arises from the insolvency of such reinsurers or otherwise.
NET RETAINED LIABILITY. 10 Article XV - Inuring Contracts. . . . . . . . . . . . . . . . . . . . . . 10 Article XVI - Errors and Omissions. . . . . . . . . . . . . . . . . . . . 11 Article XVII - Taxes. . . . . . . . . . . . . . . . . . . . . . . . . . . 11 Article XVIII - Insolvency. . . . . . . . . . . . . . . . . . . . . . . . 11 Article XIX - Arbitration . . . . . . . . . . . . . . . . . . . . . . . . 12
