Retained limit definition

Retained limit means the greater of:

Retained limit means the amount of Ultimate Net Loss, identified in the applicable Declaration, which the Covered Party becomes liable to pay before the Authority is obligated to make payment. For each Occurrence, there shall be only one Retained Limit regardless of the number of claimants or Covered Parties against whom a Claim is made, or Coverage Periods during which the Occurrence continues.

Retained limit means the amount, identified in the applicable Declaration or certificate, of Ultimate Net Loss for which the Covered Party pays out of its own funds, unless otherwise provided herein, before the Authority is obligated to make payment, subject to the following:

Examples of Retained limit in a sentence

• In either situation, the Member shall cooperate in all aspects of defense, investigation, or settlement, including payment of sums up to the Member's Retained Limit.

• PERMA will pay promptly when due to those eligible under this agreement the benefits required of the Member by the Workers' Compensation law, including related claims expenses, in excess of the Member Retained Limit specified in Item 6 of the Schedule and subject to PERMA's Limit of Liability specified in Item 7 of the Schedule.

• The Limit of Liability is subject to the Member's Retained Limit.

• For example, if the Limit of Liability is $500,000 and the Member's Retained Limit is $200,000, PERMA would pay not more than $300,000 in excess of the Member's Retained Limit.

• XXXXX has the discretionary right, and shall be given the opportunity by the Member, to assume control of the defense, investigation, or settlement of any claim, suit or proceeding which appears to PERMA to involve a reasonable likelihood of resulting in a covered loss exceeding the Member's Retained Limit or to associate in the defense of such a claim.

More Definitions of Retained limit

Retained limit means the available limits of "underlying insurance" scheduled in the Declarations or the "self-insured retention", whichever applies.

Retained limit means the available limits of "con- trolling underlying insurance" applicable to the claim.

Retained limit means the amount stated on the applicable Declarations or certificate of coverage, which will be paid by the Participant before the Authority is obligated to make any payment from the pooled funds.

Retained limit means the dollar amount of loss retained by

Retained limit means the amount stated on the applicable Declarations or certificate of coverage, which will be paid by the covered party before the Authority is obligated to make any payment from the pooled funds. Retained limit includes all defense costs. Retained limit shall be subject to the following:

Retained limit means those limits of underlying insurance shown on the declarations, supplemental declarations, forms or endorsements or the amount of your self-insured retention or deductible, as is applicable.

Retained limit means the total applicable limits of “underlying insurance” and any applicable “other insurance” providing coverage to the “insured.