Retention and Limit. A. As respects each excess layer of reinsurance coverage provided by this Contract, the Company shall retain and be liable for the first amount of ultimate net loss, shown as "Company's Retention" for that excess layer in Schedule A attached hereto, arising out of each loss occurrence. The Reinsurer shall then be liable, as respects each excess layer, for the amount by which such ultimate net loss exceeds the Company's applicable retention, but the liability of the Reinsurer under each excess layer shall not exceed the amount, shown as "Reinsurer's Per Occurrence Limit" for that excess layer in Schedule A attached hereto, as respects any one loss occurrence.
Appears in 13 contracts
Samples: Excess Catastrophe Reinsurance Contract (FedNat Holding Co), Sixth Layer Excess Catastrophe (FedNat Holding Co), Homeowners of America Holding Corp
Retention and Limit. A. As respects each excess layer of reinsurance coverage provided by this Contract, the Company shall retain and be liable for the first amount of ultimate net loss, shown as "“Company's ’s Retention" ” for that excess layer in Schedule A attached hereto, arising out of each loss occurrence. The Reinsurer shall then be liable, as respects each excess layer, for the amount by which such ultimate net loss exceeds the Company's ’s applicable retention, but the liability of the Reinsurer under each excess layer shall not exceed the amount, shown as "“Reinsurer's ’s Per Occurrence Limit" ” for that excess layer in Schedule A attached hereto, as respects any one loss occurrence.
Appears in 8 contracts
Samples: Interests and Liabilities Agreement (Safety Insurance Group Inc), Interests and Liabilities Agreement (Philadelphia Consolidated Holding Corp), Liabilities Agreement (Philadelphia Consolidated Holding Corp)
Retention and Limit. A. As respects each excess layer of reinsurance coverage provided by this Contract, the Company shall retain and be liable for the first amount of ultimate net loss, shown as "Company's Retention" for that each excess layer in Schedule A attached hereto, arising out of each loss occurrence. The Reinsurer shall then be liable, as respects each excess layer, for the amount by which such ultimate net loss exceeds the Company's applicable retention, but the liability of the Reinsurer under each excess layer shall not exceed the amount, shown as "Reinsurer's Per Occurrence Limit" for that excess layer in Schedule A attached hereto, as respects any one loss occurrence.
Appears in 4 contracts
Samples: Interests and Liabilities Agreement (Federated National Holding Co), Interests and Liabilities Agreement (Federated National Holding Co), Interests and Liabilities Agreement (Federated National Holding Co)
Retention and Limit. A. As respects each excess layer of reinsurance coverage provided by this Contract, the Company shall retain and be liable for the first amount of ultimate net loss, shown as "Company's Retention" for that excess layer in Schedule A attached hereto, arising out of each loss occurrence. The Reinsurer shall then be liable, as respects each excess layer, for 95.0% of the amount by which such ultimate net loss exceeds the Company's applicable retention, but the liability of the Reinsurer under each excess layer shall not exceed 95.0% of the amount, shown as "Reinsurer's Per Occurrence Limit" for that excess layer in Schedule A attached hereto, as respects any one loss occurrence.
Appears in 4 contracts
Samples: Agreement (Meridian Insurance Group Inc), Interests and Liabilities Agreement (Mercury General Corp), Meridian Insurance Group Inc
Retention and Limit. A. As respects each excess layer of reinsurance coverage provided by this Contract, the Company shall retain and be liable for the first amount of ultimate net loss, shown as "Company's Retention" for that excess layer in Schedule A attached hereto, arising out of each loss occurrence. The Reinsurer shall then be liable, as respects each excess layer, for the amount by which such ultimate net loss exceeds the Company's applicable retention, but the liability of the Reinsurer under each excess layer shall not exceed the amount, shown as "Reinsurer's Per Occurrence Limit" for that excess layer in Schedule A attached hereto, as respects any one anyone loss occurrence.
Appears in 1 contract
Samples: Safety Insurance Group Inc
Retention and Limit. A. As respects each excess layer of reinsurance coverage provided by this Contract, the Company shall retain and be liable for the first amount of ultimate net loss, shown as "Company's Retentionretention" for that excess layer in Schedule A attached hereto, arising out of each loss occurrence. The Reinsurer shall then be liable, as respects each excess layer, for the amount by which such ultimate net loss exceeds the Company's applicable retention, but the liability of the Reinsurer under each excess layer shall not exceed the amount, shown as "Reinsurer's Per Occurrence Limit" for that excess layer in Schedule A attached hereto, as respects any one loss occurrence.
Appears in 1 contract
Samples: Mercury General Corp
