INSOLVENCY FUNDS EXCLUSION CLAUSE. This Agreement excludes all liability of the Company arising by contract, operation of law, or otherwise from its participation or membership, whether voluntary or involuntary, in any insolvency fund or from reimbursement of any person for any such liability. “Insolvency fund” includes any guaranty fund, insolvency fund, plan, pool, association, fund or other arrangement, howsoever denominated, established or governed, which provides for any assessment of or payment or assumption by any person of part or all of any claim, debt, charge, fee, or other obligation of an insurer, or its successors or assigns, which has been declared by any competent authority to be insolvent or which is otherwise deemed unable to meet any claim, debt, charge, fee or other obligation in whole or in part.
Appears in 2 contracts
Samples: Reinsurance Agreement (Philadelphia Consolidated Holding Corp), Umbrella Liability Quota Share Reinsurance Agreement (Safety Insurance Group Inc)
INSOLVENCY FUNDS EXCLUSION CLAUSE. This Agreement excludes all liability of the Company arising by contract, operation of law, or otherwise otherwise, from its participation or membership, whether voluntary or involuntary, in any insolvency fund or from reimbursement of any person for any such liabilityfund. “Insolvency fund” includes any guaranty fund, insolvency fund, plan, pool, association, fund fund, or other arrangement, howsoever denominated, established established, or governed, which that provides for any assessment of or payment or assumption by any person the Company of part or all of any claim, debt, charge, fee, or other obligation of an insurer, or its successors or assigns, which has been declared by any competent authority to be insolvent insolvent, or which is otherwise deemed unable to meet any claim, debt, charge, fee fee, or other obligation in whole or in part.
Appears in 2 contracts
Samples: Excess of Loss Retrocession Agreement (Platinum Underwriters Holdings LTD), Excess of Loss Retrocession Agreement (Platinum Underwriters Holdings LTD)
INSOLVENCY FUNDS EXCLUSION CLAUSE. This Agreement excludes all liability of the Company arising by contract, operation of law, or otherwise otherwise, from its participation or membership, whether voluntary or involuntary, in any insolvency fund or from reimbursement of any person for any such liabilityfund. “"Insolvency fund” " includes any guaranty fund, insolvency fund, plan, pool, association, fund fund, or other arrangement, howsoever denominated, established established, or governed, which that provides for any assessment of or payment or assumption by any person the Company of part or all of any claim, debt, charge, fee, or other obligation of an insurer, or its successors or assigns, which has been declared by any competent authority to be insolvent insolvent, or which is otherwise deemed unable to meet any claim, debt, charge, fee fee, or other obligation in whole or in part.
Appears in 2 contracts
Samples: Excess of Loss Retrocession Agreement (Platinum Underwriters Holdings LTD), Excess of Loss Retrocession Agreement (Platinum Underwriters Holdings LTD)
INSOLVENCY FUNDS EXCLUSION CLAUSE. This Agreement excludes all liability of the Company arising Delaware arising, by contract, operation of law, or otherwise otherwise, from its participation or membership, whether voluntary or involuntary, in any insolvency fund or from reimbursement of any person for any such liabilityfund. “"Insolvency fund” " includes any guaranty fund, insolvency fund, plan, pool, association, fund or other arrangement, howsoever denominated, established or governed, ; which provides for any assessment of or payment or assumption by any person the Company of part or all of any claim, debt, charge, fee, or other obligation of an insurer, or its successors or assigns, which has been declared by any competent authority to be insolvent insolvent, or which is otherwise deemed unable to meet any claim, debt, charge, fee or other obligation in whole or in part.
Appears in 1 contract
Samples: Retrocessional Reinsurance Contract (Donegal Group Inc)
INSOLVENCY FUNDS EXCLUSION CLAUSE. This Agreement excludes all liability of the Company arising arising, by contract, operation of lawlaw or otherwise, or otherwise from its participation or membership, whether voluntary or involuntary, in any insolvency fund or from reimbursement of any person for any such liabilityfund. “Insolvency fundFund” includes any guaranty fund, insolvency fund, plan, pool, association, fund or other arrangement, howsoever denominated, established or governed, which provides for any assessment of or payment or assumption by any person the Company of part or all of any claim, debt, charge, fee, or other obligation of an insurer, or its successors or assigns, which has been declared by any competent authority to be insolvent insolvent, or which is otherwise deemed unable to meet any claim, debt, charge, fee or other obligation in whole or in part.
Appears in 1 contract
Samples: Quota Share Reinsurance Contract (Affirmative Insurance Holdings Inc)
INSOLVENCY FUNDS EXCLUSION CLAUSE. This Agreement excludes all liability of the Company arising by contract, operation of law, or otherwise from its participation or membership, whether voluntary or involuntary, in any insolvency fund or from reimbursement of any person for any such liability. “Insolvency fund” includes any guaranty fund, insolvency fund, plan, pool, association, fund or other arrangement, howsoever however denominated, established or governed, which provides for any assessment of or payment or assumption by any person of part or all of any claim, debt, charge, fee, or other obligation of an insurer, or its successors or assigns, which has been declared by any competent authority to be insolvent or which is otherwise deemed unable to meet any claim, debt, charge, fee or other obligation in whole or in part.
Appears in 1 contract
Samples: Casualty Excess of Loss Reinsurance Agreement (Safety Insurance Group Inc)
INSOLVENCY FUNDS EXCLUSION CLAUSE. This Agreement Contract excludes all liability liablity of the Company arising arising, by contract, operation of lawlaw or otherwise, or otherwise from its participation or membership, whether voluntary or involuntary, in any insolvency fund or from reimbursement of any person for any such liabilityfund. “Insolvency fundFund” includes any guaranty fund, insolvency fund, plan, pool, association, fund or other arrangement, howsoever denominated, established or governed, which provides for any assessment of or payment or assumption by any person the Company of part or all of any claim, debt, charge, fee, or other obligation of an insurer, or its successors or assigns, which has been declared by any competent authority to be insolvent insolvent, or which is otherwise deemed unable to meet any claim, debt, charge, fee or other obligation in whole or in part.
Appears in 1 contract
Samples: 100% Quota Share Reinsurance Contract (Affirmative Insurance Holdings Inc)
INSOLVENCY FUNDS EXCLUSION CLAUSE. This Agreement excludes all liability of the Company arising Pioneer arising, by contract, operation of law, or otherwise otherwise, from its participation or membership, whether voluntary or involuntary, in any insolvency fund or from reimbursement of any person for any such liabilityfund. “"Insolvency fund” " includes any guaranty fund, insolvency fund, plan, pool, association, fund or other arrangement, howsoever denominated, established or governed, ; which provides for any assessment of or payment or assumption by any person the Company of part or all of any claim, debt, charge, fee, or other obligation of an insurer, or its successors or assigns, which has been declared by any competent authority to be insolvent insolvent, or which is otherwise deemed unable to meet any claim, debt, charge, fee or other obligation in whole or in part.
Appears in 1 contract
Samples: Retrocessional Reinsurance Contract (Donegal Group Inc)