Coinsurance Agreement. The coinsurance reinsurance agreement to be entered into between the Company and the Reinsurer pursuant to the provisions of Section 2.1 of this Agreement, which shall be in the form shown at SCHEDULE 1.8 hereto.
Coinsurance Agreement. The coinsurance reinsurance agreement entered into between the Company and the Reinsurer which provides for indemnity reinsurance of the Company's risks under the Coinsured Policies by the Reinsurer on a 100% quota-share plan of coinsurance.
Coinsurance Agreement. Each coinsurance agreement to be entered into between each Ceding Company and the Reinsurer pursuant to the provisions of Section 2.2 of this Agreement, which shall be in the form shown at Exhibit A hereto.
Coinsurance Agreement. Prior to the Closing, HIC and KIC shall execute and deliver a coinsurance and administrative services agreement with respect to the Coinsured Business between HIC and KIC in substantially the form set forth in Exhibit C (the “HIC/KIC Coinsurance Agreement”). Seller shall (i) cause HIC and KIC not to amend or waive, prior to the Closing, any provisions set forth in the HIC/KIC Coinsurance Agreement without the prior written consent of Acquiror, such consent not to be unreasonably withheld or delayed if such an amendment is required by applicable law or a Governmental Authority, (ii) provide Acquiror with a reasonable opportunity to review and provide comments on the Estimated Reinsurance Closing Calculation at least three (3) Business Days prior to the Reinsurance Closing Date, (iii) ensure that the Reinsurance Premium consists of such cash and such securities, the designation and value of which are determined in accordance with the terms of the HIC/KIC Coinsurance Agreement prior to the Reinsurance Closing Date (with all decision of KIC approved by Acquiror), and (iv) ensure that HIC and KIC do not agree upon a Final Reinsurance Closing Calculation or Reinsurance Premium Adjustment prior to the Closing Date. The terms “Reinsurance Premium”, “Estimated Reinsurance Closing Calculation”, “Reinsurance Closing Date”, “Reinsurance Effective Date”, “Final Reinsurance Closing Calculation” and “Reinsurance Premium Adjustment” shall have the respective meanings set forth in the HIC/KIC Coinsurance Agreement.
Coinsurance Agreement. At the Closing Date, Security National, Southern Security and Memorial each agree to enter into a coinsurance agreement (the "Coinsurance Agreement") in substantially the form attached hereto as Exhibit 1, pursuant to which Security National, Southern Security and Memorial will each agree to reinsure all of the assumed liabilities of Memorial, to the extent permitted by the Arkansas Insurance Department, except for certain policies not included within the reinsured policies. Upon approval of the Coinsurance Agreement by the Arkansas Insurance Department, certain insurance business and operations of Memorial, as set forth therein, will be transferred to Security National.
Coinsurance Agreement. The parties acknowledge that all of the obligations of Acadian and Security National Life hereunder shall be conditioned upon Regulatory Approval (as defined below) of an automatic Coinsurance Agreement between Security National Life and Acadian. For purposes of this Agreement, the term Regulatory Approval shall mean formal, written approval of such automatic Coinsurance Agreement by the Louisiana Department of Insurance, as well as any other regulatory department, agency or authority having jurisdiction over such transaction, or in lieu of such approval, written confirmation from any such department or agency that no such approval is required.
Coinsurance Agreement. The occurrence of any Event of Default shall entitle either Seller to elect to require Purchaser or LLANY, as applicable, to establish a Security Trust whether or not such an occurrence constitutes a Recapture Event, provided, that such Seller has not delivered an Election Notice electing recapture.
Coinsurance Agreement. The occurrence of any Recapture Event shall entitle either Seller to elect recapture remedies hereunder regardless of whether (1) such an occurrence also constitutes an Event of Default, (2) Purchaser has previously established a Security Trust or (3) either Seller has previously delivered an Election Notice requiring Purchaser to establish a Security Trust.
Coinsurance Agreement. 3 Schedule of Mutual Indemnity Agreements.................................... 4
Coinsurance Agreement. As used in this Agreement, “Coinsurance Agreement” shall have the meaning ascribed to it in the recitals above.
