AUDIT OF RECORDS AND PROCEDURES. 4 J. ARBITRATION.............................................................5 K. INSOLVENCY..............................................................5 L. AGREEMENT...............................................................5 M. ASSIGNMENT..............................................................6
AUDIT OF RECORDS AND PROCEDURES. Ceding Company shall have the right to audit during normal business hours and at the office of Reinsurer or any service provider designated by Reinsurer pursuant to Section 6.02 all records and procedures relating to the Reinsured Contracts and the Services provided by or on behalf of Reinsurer under this Agreement. Further, Reinsurer agrees to confirm, at reasonable request of Ceding Company, the existence of the Reinsured Contracts. In conjunction with any examination of Ceding Company by the Insurance Department (or any other regulatory body) of any jurisdiction in which Ceding Company is licensed, Reinsurer shall permit an examination of its books and records relating to the Reinsured Contracts.
AUDIT OF RECORDS AND PROCEDURES. ================================== Upon [number (#)] days written notice, The Reinsurer and The Equitable each shall have the right to examine, at the office of the other, during the normal business hours of the party being audited, all records and procedures relating to reinsurance under this Agreement. The expenses of any such audit shall be born by the party initiating the audit. The information obtained by the auditing party shall be treated as confidential material and proprietary to the other party and shall be used only for purposes relating to the reinsurance under this Agreement. The terms of this Section shall survive termination of this Agreement.
AUDIT OF RECORDS AND PROCEDURES. The REINSURER and the REINSURED each shall have the right to audit, at the office of the other, all records and procedures relating to reinsurance under this Agreement.
AUDIT OF RECORDS AND PROCEDURES. 1. REINSURER shall have the right to audit all records and procedures relating to business covered under this Agreement. Further, CEDENT agrees to complete, at the reasonable request of REINSURER and in a manner acceptable to REINSURER a process confirming the existence of policies reinsured under this Agreement.
AUDIT OF RECORDS AND PROCEDURES. ================================== Upon 7 days written notice, the Reinsurer and First Golden each shall have the right to examine, at the office of the other, during the normal business hours of the party being audited, all records and procedures relating to reinsurance under this Agreement. The expenses of any such audit shall be born by the party initiating the audit. The information obtained by the auditing party shall be treated as confidential material and proprietary to the other party and shall be used only for purposes relating to the reinsurance under this Agreement. The terms of this Section shall survive termination of this Agreement.
AUDIT OF RECORDS AND PROCEDURES. (a) The Reinsurer and the Company each shall have the right during normal business hours and at reasonable intervals, to audit, at the office of the other, all records and procedures relating to reinsurance under this Agreement. Books and records shall be maintained in accordance with prudent standards of insurance company record keeping and must be retained for a period of at least seven (7) years from the date of creation.
AUDIT OF RECORDS AND PROCEDURES. RCH and American each shall have the right to audit, at the office of the other, all records and procedures relating to reinsurance under this Agreement. During such audit, a party may suspend payment of any amount due, provided, however, that the provisions of Schedule VI shall continue to apply.
AUDIT OF RECORDS AND PROCEDURES. ================================== Upon 7 days written notice, the Reinsurer and ReliaStar of NY each shall have the right to examine, at the office of the other, during the normal business hours of the party being audited, all records and procedures relating to reinsurance under this Agreement. The expenses of any such audit shall be born by the party initiating the audit. The information obtained by the auditing party shall be treated as confidential material and proprietary to the other party and shall be used only for purposes relating to the reinsurance under this Agreement. The terms of this Section shall survive termination of this Agreement.
AUDIT OF RECORDS AND PROCEDURES. The REINSURER and the REINSURED, or their authorized representatives, may audit, inspect or examine any and all books, records, statements, correspondence, reports, bank accounts or any other documents that relate to the Risks Covered at the home office of the other party during regular business hours, provided that reasonable advance notice is given to the party to be audited. The audited party shall provide a reasonable work space and shall cooperate fully to disclose and produce any and all necessary and reasonable materials requested by such auditors, investigators or examiners. All expenses of conducting the audit shall be borne solely by the party conducting the audit other than those expenses incidental to cooperating with the audit and producing the requested materials.
