Insurance and Reinsurance. (a) Section 3.22(a) of the Disclosure Schedule is a true and complete description of each material contract providing for reinsurance, coinsurance, excess insurance, ceding of insurance, assumption of insurance or indemnification of insurance liabilities to which any PennLife Company or ConLife Company is a party which is currently in effect (the "Reinsurance Agreements").
(b) Except as required by law or as disclosed in Section 3.22(b) of the Disclosure Schedule, all amounts payable as of the date of this Agreement by any PennLife Company or ConLife Company under any Reinsurance Agreement and, to the knowledge of Sellers, all amounts payable as of the date of this Agreement by any other Person that is a party to any Reinsurance Agreement have been paid in accordance with the terms of the contracts under which they arose except, in each case, for immaterial non-payments or discrepancies that would not adversely affect any of the rights of any PennLife Company or ConLife Company under any such Reinsurance Agreement. Except as disclosed in Section 3.22(b) of the Disclosure Schedule, to the knowledge of Sellers, no reinsurer (other than the Companies) that is a party to any of the Reinsurance Agreements has a valid defense to payment of its material obligations under such Reinsurance Agreements or is in default in any material respect under any Reinsurance Agreement and Seller is not aware of any impairment of the financial condition of any such other party to the extent that a default thereunder could reasonably be anticipated. Each Reinsurance Agreement is in compliance in all material respects with applicable insurance laws and regulations regarding life and health reinsurance agreements. The Companies have not entered into any transaction or series of transactions that are required to be recorded as financial reinsurance pursuant to SAP.
(c) As of the date hereof, the A.M. Best rating presently held by any of the Companies has not been reduced since August 27, 1998, and other than as set forth in Section 3.22(c) of the Disclosure Schedule, the Sellers have not, as of the date hereof, received any notice of any intended or potential downgrading by A.M. Best.
Insurance and Reinsurance. Schedule 5.14 sets forth all insurance and reinsurance policies relating to UNC and any UNC Subsidiary. UNC and each UNC Subsidiary has given any and all notices and made any and all payments required to maintain such policies in full force and effect. Except as set forth in Schedule 5.14: neither UNC nor any UNC Subsidiary has received notice of default under any such policy, and has not received written notice or, to the knowledge of UNC or any UNC Subsidiary, oral notice of any pending or threatened termination or cancellation, coverage limitation or reduction or material premium increase with respect to such policy.
Insurance and Reinsurance. Assist Group in obtaining and maintaining general liability insurance, including professional liability insurance, directors and officers liability insurance, reinsurance, and any bonds or other insurance necessary and appropriate.
Insurance and Reinsurance. Assist Underwriters in obtaining and maintaining general liability insurance, including professional liability insurance, directors and officers liability insurance, reinsurance, and any bonds or other insurance necessary and appropriate.
Insurance and Reinsurance. 38 SECTION 3.23
Insurance and Reinsurance. Except as described on Schedule 5.1(l), materially reduce the amount of any insurance coverage provided by existing insurance policies or materially modify the nature, terms or amounts of existing reinsurance;
Insurance and Reinsurance. The Board may obtain or procure policies of insurance or reinsurance from duly authorized insurers or reinsurance carriers, as it may determine. In the event it is determined that such insurance or reinsurance be obtained, it shall be obtained from a duly authorized licensed company in the State of Colorado or an approved or non-admitted reinsurer.
Insurance and Reinsurance. (a) Schedule 3.19 is a true and complete list of each material contract providing for reinsurance, coinsurance, excess insurance, ceding of insurance, assumption of insurance or indemnification of insurance liabilities to which the Company or any Subsidiary is a party which is currently in effect (the "Reinsurance Agreements").
(b) Except as disclosed on Schedule 3.19, neither the Company nor any Subsidiary is in material default under any Reinsurance Agreement and, to the Knowledge of the Company, there is no reasonable basis for a reinsurer to terminate or refuse to pay under any Reinsurance Agreement. Except as disclosed in Schedule 3.19, to the Knowledge of the Company, no reinsurer that is a party to any of the Reinsurance Agreements has a valid defense to payment of its material obligations under such Reinsurance Agreements or is in default in any material respect under any
Insurance and Reinsurance. FBL shall, on behalf of the Companies, obtain and maintain general liability insurance, including professional liability insurance, directors and officers liability insurance, reinsurance, and any bonds or other insurance necessary and appropriate for a property/casualty insurance company.
Insurance and Reinsurance. (1) Subject to subsection (c) of this section and section 44305(a) of this title, the Secretary of Transpor- tation may provide insurance and reinsurance against loss or damage arising out of any risk from the operation of an American aircraft or foreign-flag aircraft.
