# Certificate of Reinsurance

**No. X - 3100**

NOW, THEREFORE, this Certificate is to further indemnify the Reinsured against loss but only up to an amount not exceeding $5,000,000 per occurrence such amount to apply in excess of the total amount of insurance provided by the underlying insurance.

**PREMIUM**

THE PREMIUM DUE the Reinsurer for this excess reinsurance shall be $13,500 flat charge.

**NOTICE OF LOSS**

THE REINSURED shall immediately advise the Reinsurer of any claims which appear likely to result in liability under this Certificate. The Reinsurer shall not, however, be called upon to assume charge of the settlement or defense of any claims made, or suits brought, or proceedings instituted against the Reinsured, but shall have the right and opportunity to be associated with the Reinsured in the defense and trial of any such claims, suits or proceedings relative to any claim or claims which in the opinion of the Reinsurer may create liability on the part of the Reinsurer under the terms of the Certificate. If the Reinsurer avails itself of such right and opportunity, the Reinsured and the Reinsurer shall cooperate in all respects so as to effect a final determination of the claim or claims.

**LOSS ADJUSTMENT**

UPON FINAL DETERMINATION by settlement, award or verdict of the liability of the Reinsured, the Reinsurer shall promptly pay the Reinsured