Common use of Insolvency Funds Clause in Contracts

Insolvency Funds. The Reinsurer shall not be obligated to pay to the Company any share of any liability of the Company arising, by contract, operation of law, or otherwise, from participation or membership of the Company or any of its Affiliates, whether voluntary or involuntary, in any Insolvency Fund or for reimbursement of any Person for any such liability. “Insolvency Fund” includes any government mandated guaranty or insolvency fund, plan, pool, association, 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 any insurer, or its successors or assigns which has been declared to be insolvent, or which is otherwise deemed unable to meet any claim, debt, charge, fee or other obligations in whole or in part.

Insolvency Funds. The Reinsurer shall not be obligated to pay to the Company any share of any liability of the Company arising, by contract, operation of law, or otherwise, from participation or membership of the Company or any of its Affiliatesaffiliates, whether voluntary or involuntary, in any Insolvency Fund insolvency fund or for from reimbursement of any Person person for any such liability. “"Insolvency Fund” " includes any government mandated guaranty or insolvency fund, plan, pool, association, 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 any insurer, or its successors or assigns which has been declared to be insolvent, or which is otherwise deemed unable to meet any claim, debt, charge, fee or other obligations obligation in whole or in part.

Insolvency Funds. The Reinsurer shall not be obligated to pay to the Company any share of any liability of the Company arising, by contract, operation of law, or otherwise, from its participation or membership of the Company or any of its Affiliatesmembership, whether voluntary or involuntary, in any Insolvency Fund insolvency fund or for from reimbursement of any Person person for any such liability. “"Insolvency Fund” " includes any government mandated guaranty or insolvency fund, plan, pool, association, or other arrangement howsoever denominated, established or governed, which provides for any assessment of or payment or assumption by any person or part of part or all of any claim, debt, charge, fee, fee or other obligation of any insurer, or its successors or assigns which has been declared to be insolvent, or which is otherwise deemed unable to meet any claim, debt, charge, fee or other obligations obligation in whole or in part.. 11.03

Insolvency Funds. The Reinsurer shall not be obligated to pay to the Company any share of any liability of the Company arising, by contract, operation of law, or otherwise, from its participation or membership of the Company or any of its Affiliatesmembership, whether voluntary or involuntary, in any Insolvency Fund insolvency fund or for from reimbursement of any Person person for any such liability. “Insolvency Fund” includes any government mandated guaranty or insolvency fund, plan, pool, association, or other arrangement howsoever denominated, established or governed, which provides for any assessment of or payment or assumption by any person or part of part or all of any claim, debt, charge, fee, fee or other obligation of any insurer, or its successors or assigns which has been declared to be insolvent, or which is otherwise deemed unable to meet any claim, debt, charge, fee or other obligations obligation in whole or in part.