Common use of NET RETAINED LIABILITY Clause in Contracts

NET RETAINED LIABILITY. The excess of loss layers of this Agreement will apply only to that portion of any insurance or reinsurance that the Company retains net for its own account prior to application of the quota share layer. Such portion will be used in calculating the amount of loss hereunder as well as the amount in excess of which the excess of loss layers apply. Exhibit B (Per Person Excess of Loss) of this Agreement will inure, in the following order, to the benefit of: a) Exhibit C (Per Person Aggregate Excess of Loss), b) the Company's Accidental Death and Dismemberment Excess of Loss Reinsurance Agreement AR 15845-10, and then to c) Exhibit A (Quota Share) of this Agreement. Exhibit C (Per Policy Aggregate Excess of Loss) of this Agreement will inure, in the following order, to the benefit of: a) the Company's Accidental Death and Dismemberment Excess of Loss Reinsurance Agreement AR 15845-10, and then to b) Exhibit A (Quota Share) of this Agreement. The amount of the Reinsurers' liability hereunder with respect to any loss will not be increased by the inability of the Company to collect from any other reinsurers any amounts that may have become due from them, whether such inability arises from the insolvency of such reinsurers or otherwise.

NET RETAINED LIABILITY. The excess of loss layers of this Agreement will apply only to that portion of any insurance or reinsurance that the Company retains net for its own account prior to application of the quota share layer. Such portion will be used in calculating the amount of loss hereunder as well as the amount in excess of which the excess of loss layers apply. Exhibit B (Per Person Excess of Loss) of this Agreement will inure, in the following order, to the benefit of: a) Exhibit C (Per Person Aggregate Excess of Loss), b) the Company's Accidental Death and Dismemberment Excess of Loss Reinsurance Agreement AR 15845-1008, and then to c) Exhibit A (Quota Share) of this Agreement. Exhibit C (Per Policy Person Aggregate Excess of Loss) of this Agreement will inure, in the following order, to the benefit of: a) the Company's Accidental Death and Dismemberment Excess of Loss Reinsurance Agreement AR 15845-1008, and then to b) Exhibit A (Quota Share) of this Agreement. The amount of the Reinsurers' liability hereunder with respect to any loss will not be increased by the inability of the Company to collect from any other reinsurers any amounts that may have become due from them, whether such inability arises from the insolvency of such reinsurers or otherwise.

NET RETAINED LIABILITY. The excess of loss layers of this Agreement will apply only to that portion of any insurance or reinsurance that the Company retains net for its own account prior to application of the quota share layer. Such portion will be used in calculating the amount of loss hereunder as well as the amount in excess of which the excess of loss layers apply. Exhibit B (Per Person Excess of Loss) of this Agreement will inure, in the following order, to the benefit of: a) Exhibit C (Per Person Aggregate Excess of Loss), b) the Company's Accidental Death and Dismemberment Excess of Loss Reinsurance Agreement AR 15845-1009, and then to c) Exhibit A (Quota Share) of this Agreement. Exhibit C (Per Policy Aggregate Excess of Loss) of this Agreement will inure, in the following order, to the benefit of: a) the Company's Accidental Death and Dismemberment Excess of Loss Reinsurance Agreement AR 15845-1009, and then to b) Exhibit A (Quota Share) of this Agreement. The amount of the Reinsurers' liability hereunder with respect to any loss will not be increased by the inability of the Company to collect from any other reinsurers any amounts that may have become due from them, whether such inability arises from the insolvency of such reinsurers or otherwise.