Notice of Insolvency. If either Cedent or Reinsurer becomes insolvent, such party shall notify the other party of the insolvency within five (5) Business Days thereof.
Appears in 6 contracts
Samples: Quota Share Reinsurance Agreement (Reliance Group Holdings Inc), Quota Share Reinsurance Agreement (Alleghany Corp /De), Quota Share Reinsurance Agreement (Alleghany Corp /De)
Notice of Insolvency. If either Cedent Retrocedent or Reinsurer Retrocessionaire becomes insolvent, such party shall notify the other party of the insolvency within five (5) Business Days thereof.
Appears in 2 contracts
Samples: Quota Share Retrocession Agreement (Trenwick Group LTD), Quota Share Retrocession Agreement (Trenwick America Corp)
