Defense Expense. The expense thus incurred by the Reinsurer shall be chargeable, subject to court approval, against the insolvent Company as part of the expense of liquidation to the extent of a proportionate share of the benefit which may accrue to the Company solely as a result of the defense undertaken by the Reinsurer.
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Samples: Coinsurance and Yearly Renewable Term Reinsurance Agreement (American Equity Investment Life Holding Co), Loss Reinsurance Agreement (Metlife Inc), Reinsurance Agreement (Metlife Inc)
Defense Expense. The expense thus incurred by the Reinsurer shall be chargeable, subject to court approval, against the insolvent Company as part of the expense of liquidation to the extent of a proportionate share of the benefit which may accrue to the Company solely as a result of the defense undertaken by the Reinsurer.. 12.04
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Samples: Coinsurance and Yearly Renewable Term Reinsurance Agreement (American Equity Investment Life Holding Co), Coinsurance and Yearly Renewable Term Reinsurance Agreement (American Equity Investment Life Holding Co)
Defense Expense. The expense thus incurred by the Reinsurer shall be chargeable, subject to court approval, against the insolvent Company as part of 14 the expense of liquidation to the extent of a proportionate share of the benefit which may accrue to the Company solely as a result of the defense undertaken by the Reinsurer.
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