Common use of Covered Event Clause in Contracts

Covered Event. Quarterly Proof of Loss Reports are due by June 30 from an insurer a Company whose losses Losses exceed, or are expected to exceed, 75% of its FHCF Retention for a specific Loss Occurrence(s).

Covered Event. Quarterly Proof of Loss Reports are due by June September 30 and quarterly thereafter from an insurer a Company whose losses Losses lossesLosses exceed, or are expected to exceed, 75% of its FHCF Retention for a specific Loss Occurrence(s).