Long Term Agreement
- Sunday, January 8, 2017, 18:15
- L-Clauses
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It is hereby understood and agreed that We agree to offer renewal at the expiring terms below subject to the following conditions:
- Your Business is unchanged, and
- Incurred total claims (paid plus outstanding reserves) does not exceed (50% of premium paid), and
- Change in Turnover is less than 20%, and
- No change in law that will have the impact of increasing Our exposure, and
- No change in Our reinsurance arrangements
Renewal Period: _______________________________
Premium:_____________________
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