Common use of Liability for non Clause in Contracts

Liability for non. Claim Expenses No Member shall be responsible for any claims or judgments against any other Members. If on cessation of activities as provided in Section 10.1, the remaining assets of the Pool are insufficient to satisfy expenses of the Pool other than for claims or judgments against Members, the Board shall approve a pro-rata plan to pay these expenses. The Pool shall not incur debt in excess of ten percent (10%) of the written premium for the most recent fiscal year.

Appears in 2 contracts

Sources: Intergovernmental Contract, Intergovernmental Contract