Aggregate Extraction

As regards liability incurred by the Company for losses on a policy or policies covering on an aggregate basis, the Company shall be permitted to extract from such aggregate policy or policies the amount of loss sustained by it arising from any one loss occurrence in order that such loss can be added to the Company's losses from the same occurrence on other policy or policies, if any.

For the purpose of this Article, the amount of a loss from one occurrence on an aggregate policy shall be deemed to be that percentage of the aggregate loss to the Company that the total loss from the particular occurrence bears to the total aggregate losses to the insured or Company on the business protected by such aggregate policy.


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