Contested Claims. The Ceding Company will notify the Reinsurer of its intention to contest, compromise, or litigate a claim. Unless it declines to be a party to such action, the Reinsurer will pay its share of any settlement up to the maximum that would have been payable under the specific policy had there been no controversy plus its share of specific expenses, except as specified below.
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Samples: Reinsurance Agreement (Ameritas Variable Separate Account V), Coinsurance Reinsurance Agreement (Symetra Financial CORP), Coinsurance Reinsurance Agreement (Symetra Financial CORP)
Contested Claims. The Ceding Company will notify the Reinsurer of its intention to contest, compromise, compromise or litigate a claim. Unless it declines to be a party to such action, the Reinsurer will pay its share of any settlement up to the maximum that would have been payable under the specific policy had there been no controversy plus its share of specific expenses, except as specified below.
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Samples: Reinsurance Agreement (Vel Ii Account of Allmerica Financial Life Ins & Ann Co)
Contested Claims. The Ceding Company will notify the Reinsurer of its intention to contestdeny, compromise, or litigate a claim. Unless it declines to be a party to such action, the Reinsurer will pay its share of any settlement up to the maximum that would have been payable under the specific policy had there been no controversy plus its share of specific expenses, except as specified below.
Appears in 1 contract
Samples: Reinsurance Agreement (Minnesota Life Variable Life Account)
Contested Claims. The Ceding Company will notify the Reinsurer of its intention to contest, compromise, or litigate a claim. Unless it declines to be a party to such action, the Reinsurer will pay its share of any settlement up to the maximum that would have been payable under the specific policy had there been no controversy plus its share of specific expenses, except as specified below.
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