Common use of CLAIM SETTLEMENTS Clause in Contracts

CLAIM SETTLEMENTS. THE REINSURER agrees that THE COMPANY will use its standard claim practices and guidelines in the adjudication of all claims on policies reinsured under this Agreement. THE REINSURER has the right to inspect, at the COMPANY's offices, the COMPANY's written claims practices and guidelines. THE COMPANY will notify THE REINSURER of any material changes in its claim practices and procedures, other than those required by State or Federal law, thirty (30) days prior to their first use. THE COMPANY will advise THE REINSURER of any intention to contest a claim involving a policy reinsured hereunder and provide THE REINSURER with copies of all relevant documents. THE REINSURER may choose not to participate in the contest of a contestable claim. THE REINSURER will have 10 business days from the date of receipt of the complete set of contestable documents to communicate its decision whether to participate in the contested claim. If THE REINSURER chooses not to participate, it will discharge its liability by immediately paying to THE COMPANY the full amount of THE REINSURER’s liability on the portion of the policy reinsured under this Agreement, regardless of any subsequent outcome of such contest.

CLAIM SETTLEMENTS. THE REINSURER agrees that THE COMPANY will use its standard claim practices practice and guidelines in the adjudication of all claims on policies reinsured under this Agreement. THE REINSURER has the right to inspect, at the THE COMPANY's offices, the THE COMPANY's written claims practices and guidelines. THE COMPANY will notify Once THE REINSURER has been notified of any material changes a Contestable Claim in accordance with subsection a. above, THE REINSURER will have ten business days to review the information and provide its opinion as to whether or not the reinsurance claim practices and procedures, other than those required by State or Federal law, thirty (30) days prior to their first useis payable. THE COMPANY will advise THE REINSURER of any intention to contest a claim involving a policy reinsured hereunder and provide THE REINSURER with copies of all relevant documents. THE REINSURER may choose not to participate in the contest of a contestable claimContestable Claim. THE REINSURER will have 10 business days from the date of after receipt of the complete set of contestable documents all relevant data to Y-UL/VULII-2000-MARC-PLNJ-9 communicate its decision whether to participate in the contested claim. If THE REINSURER chooses not to participate, it will discharge its liability by immediately paying to THE COMPANY the full amount of THE REINSURER’s liability on the portion of the policy reinsured under this Agreement, regardless of any subsequent outcome of such contest.

CLAIM SETTLEMENTS. THE REINSURER agrees that THE COMPANY will use its standard claim practices and guidelines in the adjudication of all claims on policies reinsured under this Agreement. THE REINSURER has the right to inspect, at the COMPANY's offices, the COMPANY's written claims practices and guidelines. THE COMPANY will notify Once THE REINSURER has been notified of any material changes a contestable claim in accordance with subsection a. above, THE REINSURER will have ten business days to review the information and provide its opinion as to whether or not the reinsurance claim practices and procedures, other than those required by State or Federal law, thirty (30) days prior to their first useis payable. THE COMPANY will advise THE REINSURER of any intention to contest a claim involving a policy reinsured hereunder and provide THE REINSURER with copies of all relevant documents. THE REINSURER may choose not to participate in the contest of a contestable claimContestable Claim. THE REINSURER will have 10 business days from the date of receipt of it received the complete set of contestable documents information to communicate its decision whether to participate in the contested claim. If THE REINSURER chooses not to participate, it will discharge its liability by immediately paying to THE COMPANY the full amount of THE REINSURER’s 's liability on the portion of the policy reinsured under this Agreement, regardless of any subsequent outcome of such contest. Provided that THE REINSURER does not discharge its liability in accordance with this paragraph, THE COMPANY will make a reasonable effort to keep THE REINSURER informed of subsequent developments in the contest of the claim.

CLAIM SETTLEMENTS. THE REINSURER agrees that THE COMPANY will use its standard claim practices practice and guidelines in the adjudication of all claims on policies reinsured under this Agreement. THE REINSURER has the right to inspect, at the THE COMPANY's offices, the THE COMPANY's written claims practices and guidelines. THE COMPANY will notify Once THE REINSURER has been notified of any material changes a Contestable Claim in accordance with subsection a. above, THE REINSURER will have ten business days to review the information and provide its opinion as to whether or not the reinsurance claim practices and procedures, other than those required by State or Federal law, thirty (30) days prior to their first useis payable. THE COMPANY will advise THE REINSURER of any intention to contest a claim involving a policy reinsured hereunder and provide THE REINSURER with copies of all relevant documents. THE REINSURER may choose not to participate in the contest of a contestable claimContestable Claim. THE REINSURER will have 10 business days from the date of after receipt of the complete set of contestable documents all relevant data to Y-UL/VULII-2000-MARC-PLAZ-9 communicate its decision whether to participate in the contested claim. If THE REINSURER chooses not to participate, it will discharge its liability by immediately paying to THE COMPANY the full amount of THE REINSURER’s liability on the portion of the policy reinsured under this Agreement, regardless of any subsequent outcome of such contest.