Net Retained Liability means that portion of any Policy which the Corporation retains net for its own account, however gross of recoveries from the underlying First Whole Account Aggregate Excess of Loss Retrocession Agreement (E1), and in calculating the amount of Ultimate Net Loss hereunder, only loss in respect of that portion of any Policy which the Corporation retains net for its own account shall be included. The amount of the Retrocessionaire's liability under this Agreement shall not be increased by reason of the inability of the Corporation to collect from any other Retrocessionaire(s), whether specific or general, any amounts which may have become due from such Retrocessionaire(s), whether such inability arises from the insolvency of such other Retrocessionaire(s) or otherwise.
Net Retained Liability means the total liability retained by a title insurer for a single
Net Retained Liability means the remaining portion of the Company's gross liability on each policy reinsured under this Agreement after deduction of all Facultative Reinsurance which insures to the Company's sole benefit.
Examples of Net Retained Liability in a sentence
The Net Retained Liabilities Ceding Commission Amount shall be calculated as (A / B) X C, where: “A” equals the actuarial appraisal value at a 12.0% discount rate, after tax and after cost of capital, of the Net Retained Liability as inforce as of December 31, 2009, using the same assumptions, methods, and procedures as were used in the Actuarial Appraisal, “B” equals $164.0 million, and “C” equals $200.5 million.
The Ceding Company’s Net Retained Liability is the remaining portion of the Ceding Company’s gross liability on each policy reinsured hereunder after deducting all cessions to facultative and/or other reinsurance cessions and/or other third party risk assumptions which inure to the benefit of the Ceding Company.
More Definitions of Net Retained Liability
Net Retained Liability means the total liability retained by a title insurer for a single risk, after taking into account the deduction for ceded liability, if any;
Net Retained Liability means the Company's gross liability for Loss and Loss Adjustment Expense under the Policies, after application of any reinsurance which inures to the benefit of this Contract.
Net Retained Liability means the total liability retained by a title insurer for a single risk, after taking into account any ceded liability and collateral, acceptable to the commissioner, maintained by the insurer.
Net Retained Liability means that portion of any Policy which the Corporation retains net for its own account, and in calculating the amount of Ultimate Net Loss hereunder, only loss in respect of that portion of any Policy which the Corporation retains net for its own account shall be included. The amount of the Retrocessionaire's liability under this Agreement shall not be increased by reason of the inability of the Corporation to collect from any other Retrocessionaire(s), whether specific or general, any amounts which may have become due from such Retrocessionaire(s), whether such inability arises from the insolvency of such other Retrocessionaire(s) or otherwise.
Net Retained Liability means each Company’s gross liability on each Loss reinsured hereunder after deducting recoveries from all inuring reinsurance, other than the reinsurance provided hereunder.
Net Retained Liability means the total liability retained by a title insurer for a single risk after the ceding of reinsurance.
Net Retained Liability shall be that portion of FNP’s gross liability on the Policies which shall remain after deducting the amount, if any, of liability ceded pursuant to facultative or treaty contracts other than this Agreement (“Third Party Reinsurance”). Reinsurance recoverables on Third Party Reinsurance shall be applied for the benefit of FNP and MMIC to the extent related to liability reinsured hereunder. Subsequent to the Effective Date of this Agreement, FNP shall not negotiate or effect any change in the terms, amounts or sources of its Third-Party Reinsurance without obtaining MMIC’s prior written consent to the proposed changes.