Common use of Contingency Fund Clause in Contracts

Contingency Fund. (A) The Contingency Fund, which is part of the insurance fund authorized under section 516(c) of the Act (7 U.S.C. § 1516(c)), is used to offset expenses incurred by FCIC to administer a Company’s book of business in the event of Company supervision, rehabilitation, insolvency or operational deficiency, or an equivalent event, as determined by FCIC, or the Agreement is terminated for cause. (B) Any amounts owed to FCIC by the Company in accordance with sections II(a)(6), II(b)(12), IV(b)(7), IV(h), and IV(j)

Appears in 19 contracts

Samples: Reinsurance Agreement, Reinsurance Agreement, Reinsurance Agreement

AutoNDA by SimpleDocs

Contingency Fund. (A) The Contingency Fund, which is part of the insurance fund authorized under section 516(c) of the Act (7 U.S.C. § 1516(c)), is used to offset expenses incurred by FCIC to administer a Company’s book of business in the event of Company supervision, rehabilitation, insolvency or operational deficiency, or an equivalent event, as determined by FCIC, or the Agreement is terminated for cause. (B) Any amounts owed to FCIC by the Company in accordance with sections II(a)(6), II(b)(12II(b)(4), IV(b)(7), IV(hIV(g), and IV(j)IV(i)(4) will be accounted for in the Contingency Fund.

Appears in 12 contracts

Samples: Livestock Price Reinsurance Agreement, Livestock Price Reinsurance Agreement, Livestock Price Reinsurance Agreement

Contingency Fund. (A) The Contingency Fund, which is part of the insurance fund authorized under section 516(c) of the Act (7 U.S.C. § 1516(c)), is used to offset expenses incurred by FCIC to administer a Company’s book of business in the event of Company supervision, rehabilitation, insolvency or operational deficiency, or an equivalent event, as determined by FCIC, or the Agreement is terminated for cause. (B) Any amounts owed to FCIC by the Company in accordance with sections II(a)(6II.(b)(11), II(b)(12IV.(b)(9), IV(b)(7), IV(hIV.(h), and IV(jIV.(j)

Appears in 2 contracts

Samples: Reinsurance Agreement, Reinsurance Agreement

Contingency Fund. (A) The Contingency Fund, which is part of the insurance fund authorized under section 516(c) of the Act (7 U.S.C. § 1516(c)), is used to offset expenses incurred by FCIC to administer a Company’s book of business in the event of Company supervision, rehabilitation, insolvency or operational deficiency, or an equivalent event, as determined by FCIC, or the Agreement is terminated for cause. (B) Any amounts owed to FCIC by the Company in accordance with sections II(a)(6II.(b)(1211), II(b)(12IV.(b)(9), IV(b)(7IV.(b)(12), IV(hIV.(h), and IV(j)IV.(j)(4) will be accounted for in the Contingency Fund.

Appears in 1 contract

Samples: Reinsurance Agreement

AutoNDA by SimpleDocs

Contingency Fund. (A) The Contingency Fund, which is part of the insurance fund authorized under section 516(c) of the Act (7 U.S.C. § 1516(c)), is used to offset expenses incurred by FCIC to administer a Company’s book of business in the event of Company supervision, rehabilitation, insolvency or operational deficiency, or an equivalent event, as determined by FCIC, or the Agreement is terminated for cause. (B) Any amounts owed to FCIC by the Company in accordance with sections II(a)(6), II(b)(12II.(b)(12), IV(b)(7IV.(b)(79), IV(h, IV.(b)(12), IV.(h), and IV(jIV.(j)

Appears in 1 contract

Samples: Reinsurance Agreement

Contingency Fund. (A) The Contingency Fund, which is part of the insurance fund authorized under section 516(c) of the Act (7 U.S.C. § 1516(c)), is used to offset expenses incurred by FCIC to administer a Company’s book of business in the event of Company supervision, rehabilitation, insolvency or operational deficiency, or an equivalent event, as determined by FCIC, or the Agreement is terminated for cause. (B) Any amounts owed to FCIC by the Company in accordance with sections II(a)(6II.(b)(12, IV.(b)(9), II(b)(12IV.(b)(12), IV(b)(7), IV(hIV.(h), and IV(jIV.(j)

Appears in 1 contract

Samples: Reinsurance Agreement

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!