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THE APPLICABLE LIMITS OF LIABILITY AND ARE SUBJECT TO THE RETENTIONS

THE APPLICABLE LIMITS OF LIABILITY AND ARE SUBJECT TO THE RETENTIONS 2025

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The document is an application for the Beazley Remedy Renewal Regulatory Liability Insurance, requiring detailed organizational and compliance information from the applicant. It includes sections on organizational details, compliance practices, billing procedures, payor information, and coverage specifics. The application emphasizes the importance of accurate and complete responses, outlines potential legal consequences for fraudulent information, and specifies required attachments to support the application.

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We have answers to the most popular questions from our customers. If you can't find an answer to your question, please contact us.

What is the retention of liability?

Retention Liability means any liability incurred by the Borrower (and not guaranteed by any Subsidiary of the Borrower) in connection with a Permitted Acquisition if such liability (a) is contingent upon the revenues earned by the Acquired Entity or Business acquired pursuant to such Permitted Acquisition and (b) is

What does retention mean on an insurance policy?

The retention may be by way of retention of cash or by a more complex mechanism. In the context of insurance, this is also known as an excess, and is a part of the relevant liability which the insured party agrees to pay before the insurer will meet the relevant claim.

Is a retention the same as a deductible?

Retention measures how many clients your agency maintains from one renewal period to the next. Your agencys retention rate is important because the higher the number, the higher the agencys valuation and profit margin. The average client retention rate for the insurance industry is 84%.

What is limit and retention in insurance?

What is Retention Limit. Definition: The maximum amount of risk retained by an insurer per life is called retention. Beyond that, the insurer cedes the excess risk to a reinsurer. The point beyond which the insurer cedes the risk to the reinsurer is called retention limit.

What does retention mean in an insurance policy?

A retention (ie self-insured retention or SIR) is where the policyholder takes on a certain amount of risk and financial responsibility before the insurance coverage begins to pay for a loss.