Laserfiche WebLink
Limitation of Liability <br />The Act limits our liability to you under this policy. If <br />aggregate Insured Losses exceed $100,000,000,000 in <br />a calendar year and if we have met our Insurer <br />Deductible, we are not liable for the payment of any <br />portion of the amount of Insured Losses that exceeds <br />$100,000,000,000; and for aggregate Insured Lasses up <br />to $100,000,000,000, we will pay only a pro rate share of <br />such Insured Losses as determined by the Secretary of <br />the Treasury. <br />Policyholder Disclosure Notice <br />1. Insured Losses would be partially reimbursed by the <br />United States Government. If the aggregate industry <br />Insured Losses exceed: <br />a. $100,000,000, with respect to such Insured <br />Losses occurring in calendar year 2015, the <br />United States Government would pay 85% of <br />our Insured Losses that exceed our Insurer <br />Deductible. <br />b. $120,000,000, with respect to such Insured <br />Losses occurring in calendar year 2016, the <br />United States Government would pay 84% of <br />our Insured Losses that exceed our Insurer <br />Deductible. <br />c. $140,000,000, with respect to such Insured <br />Losses occurring in calendar year 2017, the <br />United States Government would pay 83% of <br />our Insured Losses that exceed our Insurer <br />Deductible. <br />d. $160,000,000, with respect to such Insured <br />Losses occurring in calendar year 2018, the <br />United States Government would pay 82% of <br />our Insured Losses that exceed our Insurer <br />Deductible. <br />e. $180,000,000, with respect to such Insured <br />Losses occurring in calendar year 2019, the <br />United States Government would pay 81% of <br />our Insured Losses that exceed our Insurer <br />Deductible. <br />f. $200,000,000, with respect to such Insured <br />Losses occurring in calendar year 2020, the <br />United States Government would pay 80% of <br />our Insured Losses that exceed our Insurer <br />Deductible. <br />2. Notwithstanding item 1 above, the United States <br />Government will not make any payment under the <br />Act for any portion of Insured Losses that exceed <br />$100,000,000,000. <br />3. The premium charge for the coverage your policy <br />provides for Insured Losses is included in the <br />amount shown in Item 4 of the Information Page or <br />in the Schedule below. <br />Schedule <br />State Rate Premium <br />See Attached Schedule <br />Form WC 00 04 22 B Printed in U.S.A. <br />Rkktrwganadl) Ean <br />t 2 REveomn ArPRov®Br. <br />®'. <br />® Risk Management Analyst <br />