Common use of Retention and Limit Clause in Contracts

Retention and Limit. A. The Reinsurers shall be liable to, indemnify and reinsure the Company for each and every Loss Occurrence, for ninety five percent (95%) of the excess Net Loss above an initial Net Loss to the Company of five million dollars ($5,000,000) each and every Loss Occurrence; but the Reinsurers shall not be liable for more than four million seven hundred fifty thousand dollars ($4,750,000) of Net Loss for each and every such Loss Occurrence.

Appears in 1 contract

Samples: Penn Millers Holding Corp

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Retention and Limit. A. The Reinsurers shall be liable to, indemnify and reinsure the Company for each and every Loss Occurrence, for ninety five percent (95%) of the excess Net Loss above an initial Net Loss to the Company of five ten million dollars ($5,000,00010,000,000) each and every Loss Occurrence; but the Reinsurers shall not be liable for more than four fourteen million seven two hundred fifty thousand dollars ($4,750,00014,250,000) of Net Loss for each and every such Loss Occurrence.

Appears in 1 contract

Samples: Penn Millers Holding Corp

Retention and Limit. A. The Reinsurers shall be liable to, indemnify and reinsure the Company for each and every Risk, in each and every Loss Occurrence, Occurrence for ninety five one hundred percent (95100%) of the excess Net Loss above an initial Net Loss to the Company of five million dollars ($5,000,000) each and every Loss Occurrence; but the Reinsurers shall not be liable for more than four five million seven hundred fifty thousand dollars ($4,750,0005,000,000) of Net Loss for in each and every such Risk in each and every Loss Occurrence, nor shall Reinsurers be liable for more than ten million dollars ($10,000,000) of Net Loss in excess loss from any one Loss Occurrence.

Appears in 1 contract

Samples: Reinsurance Contract (Penn Millers Holding Corp)

Retention and Limit. A. The Reinsurers shall be liable to, indemnify and reinsure the Company for each and every Loss Occurrence, for ninety five percent (95%) of the excess Net Loss above an initial Net Loss to the Company of twenty five million dollars ($5,000,00025,000,000) each and every Loss Occurrence; but the Reinsurers shall not be liable for more than four nineteen million seven hundred fifty thousand dollars ($4,750,00019,000,000) of Net Loss for each and every such Loss Occurrence.

Appears in 1 contract

Samples: Penn Millers Holding Corp

Retention and Limit. A. The Reinsurers shall be liable to, indemnify and reinsure the Company for each and every Loss Occurrence, for ninety five percent (95%) of the excess Net Loss above an initial Net Loss to the Company of five two million dollars ($5,000,0002,000,000) each and every Loss Occurrence; but the Reinsurers shall not be liable for more than four million seven nine hundred fifty thousand dollars ($4,750,000950,000) of Net Loss for each and every such Loss Occurrence.

Appears in 1 contract

Samples: Penn Millers Holding Corp

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Retention and Limit. A. The Reinsurers shall be liable to, indemnify and reinsure the Company for each and every Loss Occurrence, for ninety five percent (95%) of the excess Net Loss above an initial Net Loss to the Company of five three million dollars ($5,000,0003,000,000) each and every Loss Occurrence; but the Reinsurers shall not be liable for more than four one million seven nine hundred fifty thousand dollars ($4,750,0001,900,000) of Net Loss for each and every such Loss Occurrence.

Appears in 1 contract

Samples: Penn Millers Holding Corp

Retention and Limit. A. The Reinsurers shall be liable to, indemnify and reinsure the Company for each and every Risk, in each and every Loss Occurrence, Occurrence for ninety five one hundred percent (95100%) of the excess Net Loss above an initial Net Loss to the Company of five one million dollars ($5,000,0001,000,000) each and every Loss Occurrence; but the Reinsurers shall not be liable for more than four million seven hundred fifty thousand dollars ($4,750,0004,000,000) of Net Loss for in each and every such Risk, in each and every Loss Occurrence, nor shall Reinsurers be liable for more than eight million dollars ($8,000,000) of Net Loss in excess loss from any one Loss Occurrence.

Appears in 1 contract

Samples: Reinsurance Contract (Penn Millers Holding Corp)

Retention and Limit. A. The Reinsurers shall be liable to, indemnify and reinsure the Company for each and every Loss Occurrence, for ninety five one hundred percent (95100%) of the excess Net Loss above an initial Net Loss to the Company of five one million dollars ($5,000,0001,000,000) each and every Loss Occurrence; but the Reinsurers shall not be liable for more than four million seven hundred fifty thousand dollars ($4,750,0004,000,000) of Net Loss for in each and every such Loss Occurrence.

Appears in 1 contract

Samples: Casualty Excess of Loss Reinsurance Contract Effective (Penn Millers Holding Corp)

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