What is the risk of the shared Earthquake funds becoming exhausted? What happens if several catastrophic events occur during the policy period?
CIBAs current policy period is from 03/31/07-03/31/08; additional limits of coverage will be purchased at CIBAs election. Consideration as to the additional purchase of insurance will be determined on an as needed basis. If losses in any policy year exceed the group annual aggregate limits, the loss recoveries will be pro-rated among all loss participants.
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