Non-Renewals/Replacements Sample Clauses

Non-Renewals/Replacements. In connection with each renewal date of each Policy that occurs on or after the New Business Period, the Administrator shall, or shall cause one of its Affiliates to, send on behalf of the Service Recipients (i) to each policyholder of a Policy that can be non-renewed as of such renewal date under applicable Law, a written notice in a form reasonably acceptable to the applicable Service Provider and containing all information required by applicable Law, notifying such policyholder that its Policy will not be renewed and (ii) to each policyholder of a Policy that cannot be renewed as of such renewal date under applicable Law, a written notice in a form reasonably acceptable to the applicable Service Provider offering a new insurance policy issued by the Administrator or one of its Affiliates that has terms and rates that are comparable to or more favorable to the policyholder than the terms and rates that shall be offered to the relevant policyholder by the relevant Service Provider, as a replacement for the expiring Policy.