Ex-gratia Payments. Part B Covered Losses under this Agreement shall exclude any Ex Gratia Payments except to the extent consented to by the Reinsurer. "Ex Gratia Payments" as used herein means a claim payment not required by the terms of the underlying insurance policies covered by this Agreement.
Appears in 2 contracts
Samples: Aggregate Excess of Loss Reinsurance Agreement (Metlife Inc), Aggregate Excess of Loss Reinsurance Agreement (Metlife Inc)
Ex-gratia Payments. Part B Covered Losses and Part C Covered Losses under this Agreement shall exclude any Ex Gratia Payments except to the extent consented to by the Reinsurer. "Ex Gratia Payments" as used herein with respect to Part B Covered Losses means a claim payment not required by the terms of the underlying insurance policies covered by this Agreement. "Ex Gratia Payments" as used herein with respect to Part C Covered Losses means a claim payment not required by the terms of the Settlement Order.
Appears in 1 contract
Samples: Aggregate Excess of Loss Reinsurance Agreement (Metlife Inc)
Ex-gratia Payments. Part B Covered Losses and Part C Covered Losses under this Agreement shall exclude any Ex Gratia Payments except to the extent consented to by the Reinsurer. "Ex Gratia Payments" as used herein with respect to Part B Covered Losses means a claim payment not required by the terms of the underlying insurance policies covered by this Agreement.. "Ex Gratia Payments" as used herein with respect to Part C Covered Losses means
Appears in 1 contract
Samples: Aggregate Excess of Loss Reinsurance Agreement (Metlife Inc)
