We are pleased to inform updated information as follows:
1. Additional premium (100% basis) is updated to be calculated on prorate basis including loading 130%
=> 0.19% (original rate) x THB 158,872,142.93 x 181/750 x 130% (loaded since last endorsement due to L/R 57%) = THB 94,703.- before V&SD.
2. NAT CAT limit is revised to be THB 2ML any one occurrence and in aggregate with deductible 10% or min THB 150,000 each and every loss. Other terms and conditions remain unchanged.
3. Claim record and loss ratio as at 17/12/2013 are THB 29,436 and 13% respectively on SEIC’s share 10% of 100% due to some losses are applied under deductible limit.
For your information and your approval would be appreciated.