LEAD REINSURER Sample Clauses
The Lead Reinsurer clause designates a specific reinsurer as the primary point of contact and decision-maker among all participating reinsurers in a reinsurance agreement. This lead reinsurer is typically responsible for handling claims, negotiating settlements, and communicating with the cedent on behalf of the entire reinsurance panel. By centralizing authority and responsibility, the clause streamlines administrative processes and ensures consistent decision-making, thereby reducing confusion and delays that could arise from coordinating with multiple reinsurers.
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LEAD REINSURER. In the interest of expediting the claim settlement process and streamlining the amount of information sent to all reinsurers, the parties agree to use the Lead Reinsurer process described above in Article 9.2 (b). For claims falling under Article 9.2(b) above, consultation on Automatic Reinsurance contestable claims will be determined by the following schedule: ------------------------------------------------------- Claimant Last Name Lead Reinsurer ------------------------------------------------------- A-D [name of reinsurer A] ------------------------------------------------------- E-H [name of reinsurer B] ------------------------------------------------------- I-L [name of reinsurer C] ------------------------------------------------------- M-P [name of reinsurer D] ------------------------------------------------------- Q-Z [name of reinsurer E] ------------------------------------------------------- The Lead Reinsurer will act in a consultative role only and will not make any claim decisions concerning payment of a claim, nor will the Lead Reinsurer act as a third party administrator of claim materials required by other reinsurers under this Agreement. If the Ceding Company and Lead Reinsurer do not agree concerning the payment of a claim or any action to be taken relative to the claim, the Ceding Company will submit all relevant claims documentation to all reinsurers on the risk for their consideration. The Ceding Company will wait at least five (5) business days for the reinsurers' comments before proceeding to settle the claim. IDSL-NY VUL4/LP Select Treaty 14 In no event will the Lead Reinsurer be granted the authority to act on behalf of the other reinsurers with respect to any decision regarding being a party to a contest, compromise, or litigation of a claim involving reinsurance.
LEAD REINSURER. Responsibility of the Lead Reinsurer
LEAD REINSURER. Responsibility of the Lead Reinsurer ARTICLE I DEFINITIONS 1 ARTICLE II REINSURANCE; REQUIREMENTS FOR REINSURANCE COVERAGE AND CESSIONS 3 ARTICLE III STATEMENT OF ACCOUNT 5 ARTICLE IV CHANGES TO BUSINESS REINSURED 7 ARTICLE V RECAPTURE 10 ARTICLE VI LIABILITY 13 ARTICLE VII CLAIMS 14 ARTICLE VIII DISPUTE RESOLUTION 16 ARTICLE IX FINANCIAL IMPAIRMENT AND INSOLVENCY 18 ARTICLE X TAXES & EXPENSES 20 ARTICLE XI GENERAL PROVISIONS 21 EXHIBIT A 27 EXHIBIT A-I 28 EXHIBIT B 29 EXHIBIT C 34 EXHIBIT D 41 EXHIBIT E 42 EXHIBIT E-I 46 EXHIBIT E-II 48 EXHIBIT E-III 50 EXHIBIT F 52 EXHIBIT G 55 EXHIBIT H 56 EXHIBIT I 57
LEAD REINSURER. For Simplified Issue and Guaranteed Issue cases where the terms for automatic reinsurance are not met, but where the case falls within the lead reinsurer limits described below, THE COMPANY may submit these cases to THE REINSURER. THE REINSURER will be the lead reinsurer for the pool with respect to underwriting. THE REINSURER will promptly examine the case and notify THE COMPANY of the terms and conditions of a facultative offer by the pool or that an offer will not be made by the pool. For cases that fall outside the lead reinsurer limits described below, THE REINSURER also has the option of making a facultative offer that represents THE REINSURER, but not the pool. Lead reinsurer limits are the same as the automatic reinsurance limits except in the following respects:
LEAD REINSURER. For Simplified Issue and Guaranteed Issue cases where the terms for automatic reinsurance are not met, but where the case falls within the lead reinsurer limits described below, THE COMPANY may submit these cases to the Security Life of Denver Insurance Company ("SLD"). SLD will be the lead reinsurer for the pool with respect to underwriting. SLD will promptly examine the case and notify THE COMPANY of the terms and conditions of a facultative offer by the pool or that an offer will not be made by the pool. For cases that fall outside the lead reinsurer limits described below, SLD also has the option of making a facultative offer that represents SLD, but not the pool. Lead reinsurer limits are the same as the automatic reinsurance limits in except for the following respects: Simplified Issue:
LEAD REINSURER. The Ceding Company retains the right to select a Lead Reinsurer for the administration of claims incurred under this Agreement. The selected Lead Reinsurer will act on behalf of all Reinsurers included in the Ceding Company's First Dollar Quota Share Agreement. As a general practice, the Ceding Company will only communicate with the Lead Reinsurer. The Lead Reinsurer may seek the advice of the other pool members at its discretion. The Lead Reinsurer is noted in Schedule I.
LEAD REINSURER. IDSL VUL4/LP Select Treaty i