Licensed or Accredited Status. The Reinsurer is, and shall maintain its status as, a licensed life insurer or accredited life reinsurer in all jurisdictions of the United States where necessary so that the Insurers, in the statements required to be filed with their regulatory authority(ies), shall receive full credit as admitted reinsurance for all of the Reinsurer’s share of the Obligations (as defined in this Article).
Appears in 2 contracts
Samples: Group Life and Health Indemnity Reinsurance Agreement (Cna Financial Corp), Group Health Indemnity Reinsurance Agreement (Cna Financial Corp)
Licensed or Accredited Status. The Reinsurer is, and shall maintain its status as, a licensed life insurer or accredited life reinsurer in all jurisdictions of the United States where necessary so that the InsurersCompany, in the statements required to be filed with their its regulatory authority(ies)) in such jurisdictions, shall receive full credit as admitted reinsurance for all of the Reinsurer’s share of the Obligations reserves and any other liabilities ceded hereunder (as defined in this Articlethe “Obligations”).
Appears in 1 contract
Samples: Cac Life and Annuity Indemnity Reinsurance Agreement (Cna Financial Corp)
Licensed or Accredited Status. The Reinsurer is, and shall maintain its status as, a licensed life insurer or accredited life reinsurer in all jurisdictions of the United States where necessary so that the Insurers, in the statements required to be filed with their regulatory authority(ies), shall receive full credit as admitted reinsurance for all of the Reinsurer’s share of the Obligations (as defined in this Article). 2.
Appears in 1 contract
Samples: Stock Purchase Agreement
