Insurance Contract and Reserve Assumption Changes. The Company shall not change (a) the terms and conditions of any Covered Insurance Contracts or (b) the assumptions and methods used to establish the Reserves attributable to the Covered Insurance Contracts, except as required by Applicable Law, and the Company shall notify the Reinsurer promptly upon becoming aware of the requirement to effect any such change and provide the Reinsurer the opportunity to contest such requirement.
Appears in 5 contracts
Samples: Coinsurance Funds Withheld Agreement (Scottish Re Group LTD), Coinsurance Agreement (Scottish Re Group LTD), Coinsurance Agreement (Scottish Re Group LTD)
Insurance Contract and Reserve Assumption Changes. The Company shall not change (a) the terms and conditions of any Covered Insurance Contracts or (b) the assumptions and methods used to establish the Reserves reserves attributable to the Covered Insurance Contracts, except as required by Applicable applicable Law or with the consent of the Reinsurer (which consent shall not be unreasonably withheld), and, in the event such a change is required by applicable Law, and the Company shall notify the Reinsurer promptly upon becoming aware of the requirement to effect any such change and provide the Reinsurer the opportunity to contest such requirement.
Appears in 4 contracts
Samples: Reinsurance Agreement (ING U.S., Inc.), Reinsurance Agreement (ING U.S., Inc.), Reinsurance Agreement (ING U.S., Inc.)
Insurance Contract and Reserve Assumption Changes. The Company shall not change (a) the terms and conditions of any Covered Insurance Contracts or (b) the assumptions and methods used to establish the Reserves attributable to the Covered Insurance Contracts, except as required by Applicable Law, and the Company shall notify the Reinsurer promptly upon becoming aware of the requirement to effect any such change and provide the Reinsurer the opportunity to contest such requirement.or
Appears in 3 contracts
Samples: Reinsurance Agreement (Voya Financial, Inc.), Reinsurance Agreement (Voya Financial, Inc.), Reinsurance Agreement (Voya Financial, Inc.)
