Method. Three arbitrators will decide any differences. They must be ------ impartial and present or former officers of life insurance companies other than the parties to this Agreement or any company owned by, or affiliated with, either party. One of the arbitrators will be appointed by the Reinsurer, another by the Ceding Company, and the two arbitrators thus selected will select a third arbitrator before arbitration begins. Should one of the parties decline to select an arbitrator within thirty (30) days after the date of a written request to do so, or should the two arbitrators selected by the parties not be able to agree upon the choice of a third, the appointment(s) will be left to the President of the American Arbitration Association or its successor. The arbitrators will decide by a majority of votes and their decision will be final and binding upon the parties. The costs of arbitration, including the fees of the arbitrators, will be shared equally by the parties unless the arbitrators decide otherwise. Any counsel fees incurred by a party in the conduct of arbitration will be paid by the party incurring the fees.
Appears in 13 contracts
Samples: Reinsurance Agreement (Separate Account B of Golden American Life Insurance Co), Reinsurance Agreement (Separate Account B of Golden American Life Insurance Co), Reinsurance Agreement (Separate Account B of Golden American Life Insurance Co)
Method. Three arbitrators will decide any differences. They must be ------ impartial and present or former officers of life insurance companies other than the parties to this Agreement or any company owned by, or affiliated with, either party. One of the arbitrators will is to be appointed by the Reinsurer, another by the Ceding Company, and the two arbitrators thus selected appointed will select a third arbitrator before arbitration begins. Should one of the parties decline to select an arbitrator within thirty ninety (3090) days after the date of a any written request to do so, so or should the two arbitrators selected by the parties not be able to agree upon the choice of a third, the appointment(s) will be left to the President of the American XXXX Reinsurance and Insurance Arbitration Association or its successorSociety - US ("XXXXX - US") umpire selection process. The arbitrators will decide by a majority of votes and their decision will be final and binding upon the parties. The arbitrators will hand down their decision within forty-five (45) days of the close of the arbitration proceedings. The costs of arbitration, including the fees of the arbitrators, will be shared equally by the parties unless the arbitrators decide otherwise. Any counsel fees incurred by a party in the conduct of arbitration will be paid by the party incurring the fees.
Appears in 6 contracts
Samples: Reinsurance Agreement (Genworth Life & Annuity VA Separate Account 2), Reinsurance Agreement (Genworth Life of New York VA Separate Account 3), Reinsurance Agreement (Genworth Life & Annuity VA Separate Account 1)
Method. Three arbitrators will decide any differences. They must be ------ impartial and present or former officers of life insurance companies other than the parties to this Agreement or any company owned by, or affiliated with, either party. One of the arbitrators will be appointed by the Reinsurer, another by the Ceding Company, and the two arbitrators thus selected will select a third arbitrator before arbitration begins. Should one of the parties decline to select an arbitrator within thirty (30) days after the date of a written request to do so, or should the two arbitrators selected by the parties not be able to agree upon the choice of a third, the appointment(s) will be left to the President of the American Arbitration Association or its successor. The arbitrators will decide by a majority of votes and their decision will be final and binding upon the parties. The costs of arbitration, including the fees of the arbitrators, will be shared equally by the parties unless the arbitrators decide otherwise. Any counsel fees incurred by a party in the conduct of arbitration will be paid by the party incurring the fees.
Appears in 5 contracts
Samples: Reinsurance Agreement (Hartford Life Insurance Co Separate Account Ten), Reinsurance Agreement (Golden American Life Insurance Co /Ny/), Reinsurance Agreement (John Hancock Life Insurance Co (Usa) Separate Account H)
Method. Three arbitrators will decide any differences. They must be ------ impartial and present or former officers of life insurance companies other than the parties to this Agreement or any company owned by, by or affiliated with, with either party. One of the arbitrators will be appointed by the Reinsurer, Reinsurer another by the Ceding Company, Company and the two arbitrators thus selected will select a third arbitrator before arbitration begins. Should one of the parties decline to select an arbitrator within thirty (30) days after the date of a written request to do so, so or should the two arbitrators selected by the parties not be able to agree upon the choice of a third, third the appointment(s) will be left to the President of the American Arbitration Association or its successor. The arbitrators will decide by a majority of votes and their decision will be final and binding upon the parties. The costs of arbitration, arbitration including the fees of the arbitrators, arbitrators will be shared equally by the parties unless the arbitrators decide otherwise. Any counsel fees incurred by a party in the conduct of arbitration will be paid by the party incurring the fees.
Appears in 1 contract
Samples: Reinsurance Agreement (Hartford Life Insurance Co Separate Account Two)
Method. Three arbitrators will decide any differences. They must be ------ impartial and present or former officers of life insurance companies other than the parties to this Agreement or any company owned by, or affiliated with, either party. One of the arbitrators will be appointed by the Reinsurer, another by the Ceding Company, and the two arbitrators thus selected will select a third arbitrator before arbitration begins. Should one of the parties decline to select an arbitrator within thirty (30) days after the date of a written request to do so, or should the two arbitrators selected by the parties not be able to agree upon the choice of a third, the appointment(s) will be left to the President of the American Arbitration Association or its successor. The arbitrators will decide by a majority of votes and their decision will be final and binding upon the parties. The costs of arbitration, including the fees of the arbitrators, will be shared equally by the parties unless the arbitrators decide otherwise. Any counsel fees incurred by a party in the conduct of arbitration will be paid by the party incurring the fees.arbitrators
Appears in 1 contract
Samples: Reinsurance Agreement (Manufacturers Life Insurance Co of North America Sep Acc A)
Method. Three arbitrators will decide any differences. They must be ------ impartial and present or former officers of life insurance companies other than the parties to this Agreement or any company owned by, or affiliated with, either party. One of the arbitrators will be appointed by the Reinsurer, another by the Ceding Company, and the two arbitrators thus selected appointed will select a third arbitrator before arbitration begins. Should one of the parties decline to select an arbitrator within thirty (30) days after the date of a written request to do so, or should the two arbitrators selected by the parties not be able to agree upon the choice of a third, the appointment(s) will be left to the President of the American Arbitration Association or its successor. The arbitrators will decide by a majority of votes and their decision will be final and binding upon the parties. The costs of arbitration, including the fees of the arbitrators, will be shared equally by the parties unless the arbitrators decide otherwise. Any counsel fees incurred by a party in the conduct of arbitration will be paid by the party incurring the fees.
Appears in 1 contract
Method. Three arbitrators will decide any differences. They must be ------ impartial and present or former officers of life insurance companies other than the parties to this Agreement or any company owned by, or affiliated with, either party. One of the arbitrators will be appointed by the Reinsurer, another by the Ceding Company, and the two arbitrators thus selected will select a third arbitrator before arbitration begins. Should one of the parties decline to select an arbitrator within thirty (30) days after the date of a written request to do so, or should the two arbitrators selected by the parties not be able to agree upon the choice of a third, the appointment(s) will be left to the President of the American Arbitration Association or its successor. The arbitrators will decide by a majority of votes and their decision will be final and binding upon the parties. The costs of arbitration, including the fees of the arbitrators, will be shared equally by the parties unless the arbitrators decide otherwise. Any counsel fees incurred by a party in the conduct of arbitration will be paid by the party incurring the fees.the
Appears in 1 contract
Samples: Reinsurance Agreement (North American Security Life Insurance Co)