Compliance of Reinsured Contracts. Insurer, Administrator and Reinsurer agree to cooperate with each other and the various Governmental Entities in maintaining the Reinsured Contracts in compliance in all material respects with Applicable Laws. If Administrator determines that any of the Reinsured Contracts are materially not in compliance with such Applicable Laws, Administrator shall so notify in writing Insurer and take whatever action is reasonably necessary to bring such Reinsured Contracts into compliance with Applicable Law. Administrator shall prepare any necessary amendments to such Reinsured Contracts and shall prepare any necessary filings for the purpose of obtaining governmental authority approval for such amendments.
Appears in 4 contracts
Samples: Administrative Services Agreement (Alleghany Corp /De), Administrative Services Agreement (Alleghany Corp /De), Administrative Services Agreement (Alleghany Corp /De)
Compliance of Reinsured Contracts. Insurer, Insurer and Administrator and Reinsurer agree to cooperate with each other and the various Governmental Entities in maintaining the Reinsured Contracts in compliance in all material respects with Applicable Laws. If Administrator determines that any of the Reinsured Contracts are materially not in compliance with such Applicable Laws, Administrator shall so notify in writing Insurer and take whatever action is reasonably necessary to bring such Reinsured Contracts into compliance with Applicable Law. Administrator shall prepare any necessary amendments to such Reinsured Contracts and shall prepare any necessary filings for the purpose of obtaining governmental authority approval for such amendments.
Appears in 1 contract
Samples: Administrative Services Agreement (Alleghany Corp /De)
