Common use of Loss Notices and Settlements Clause in Contracts

Loss Notices and Settlements. A. Whenever reinstatement premium settlements made by the Company under the Underlying Contract appear likely to result in a claim hereunder, the Company shall notify the Reinsurer. The Company will advise the Reinsurer of all subsequent developments relating to such claims that, in the opinion of the Company, may materially affect the position of the Reinsurer.

Loss Notices and Settlements. A. Whenever reinstatement premium settlements made by the Company under the Underlying Original Contract appear likely to result in a claim hereunder, the Company shall notify the Reinsurer. The Company will advise the Reinsurer of all subsequent developments relating to such claims that, in the opinion of the Company, may materially affect the position of the Reinsurer.

Loss Notices and Settlements. A. Whenever reinstatement premium settlements made by the Company under the Underlying Original Contract appear likely to result in a claim hereunder, the Company shall notify the Reinsurer. The Company will advise the Reinsurer of all subsequent developments relating to such claims that, in the opinion of the Company, may materially affect the position of the Reinsurer.. 

Loss Notices and Settlements. A. Whenever reinstatement premium settlements made by the Company under the Underlying Contract Original Contracts appear likely to result in a claim hereunder, the Company shall notify the Reinsurer. The Company will advise the Reinsurer of all subsequent developments relating to such claims that, in the opinion of the Company, may materially affect the position of the Reinsurer..