ess subject to this Agreement.The Company agrees to retain for its own account 15% of the first $500,000 per person per risk for business subject to this Agreement. ARTICLE IV INURING REINSURANCEInuring Reinsurance The Company and the Reinsurer agree to purchase excess of loss reinsurance that insures to the benefit of all basic quota share participants of this treaty for all per person risks that exceed $500,000. The purchase price and reinsurance security to be approved by the Company and Lead Reinsurer. Should acceptable reinsurance not be available, the Company and Lead Reinsurer will revise this Agreement accordingly. ARTICLE V FACULTATIVE REINSURANCEFor business that does not meet the automatic treaty guidelines, the Underwriting Manager must submit the risk facultatively to the Company and the Lead Reinsurer. The Lead Reinsurer will respond to the Underwriting Manager within 96 hours of receipt of the Facultative Submission.Criteria for submission shall include but not be limited to the following:a) Ceding allowance exceeds automatic treaty limit;b) Benefit period exceeds 52 weeks from date of accident;c) Benefit maximum exceeds automatic treaty limits;d) Plans of insurance or classes of insured not covered under automatic treaty guidelines;e) Any other risk that the Company, the Underwriting Manager, and the Reinsurer deem outside the automatic treaty guidelines;f) Profit Margin less than 6%;g) Target Loss Ratio is less than 61% or Combined Ratio is above 100%;h) Cases above $250,000 of premium. ARTICLE VI - EXCLUSIONSThis Agreement shall not apply to and no claims will be paid for:1. Insurrection; war or an act of war;2. Committing a crime, or attempting to do so;3. Flight in any type of aircraft, unless as a fare paying passenger on a regularly scheduled commercial airline;4. Any other Exclusions as per the Companys original policies. ARTICLE VII EFFECTIVE DATE AND DURATION OF AGREEMENTThe Effective Date of this A...
