Notification of Disapproval or Change in Law. The Company shall promptly notify the Reinsurer of any disapprovals, recommended changes or statements regarding the Assumption Agreement that are made by any insurance or tax regulatory authorities and of any change in law, regulation or rulings affecting this Assumption Agreement. The Reinsurer shall be allowed to make its own defense of the Assumption Agreement with said authorities.
Appears in 8 contracts
Samples: Assumption Reinsurance Agreement, Assumption Reinsurance Agreement (Utg Inc), Assumption Reinsurance Agreement (Utg Inc)
Notification of Disapproval or Change in Law. The Company shall promptly notify the Reinsurer of any disapprovals, recommended changes or statements regarding the Assumption Agreement that are made by any insurance regulatory or tax regulatory authorities and of any change in law, regulation or rulings affecting this Assumption the Agreement. The Reinsurer shall be allowed to make its own defense of the Assumption Agreement with said authorities.
Appears in 3 contracts
Samples: Coinsurance Agreement (United Income Inc), Coinsurance Agreement (United Trust Inc /Il/), Coinsurance Agreement (First Commonwealth Corp)
Notification of Disapproval or Change in Law. The Company shall promptly notify the Reinsurer of any disapprovals, recommended actual or anticipated disapprovals or required changes or statements regarding the Assumption this Agreement that are made by any insurance or tax health regulatory authorities authority or taxing authority and of any change in lawthe laws, regulation regulations or rulings affecting this Assumption AgreementAgreement or related documents. The Reinsurer shall be allowed to make participate in the defense of this Agreement or related documents on its own defense of behalf with such authority after consultation with the Assumption Agreement with said authoritiesCompany.
Appears in 2 contracts
Samples: Reinsurance Agreement (Physicians Health Services Inc), Reinsurance Agreement (Physicians Health Services Inc)
Notification of Disapproval or Change in Law. The Company shall promptly notify the Reinsurer of any disapprovals, recommended disapprovals or required changes or statements regarding the Assumption Agreement that are made by any insurance or tax regulatory authorities and of any change in law, regulation or rulings affecting this Assumption Agreementauthorities. The Reinsurer shall be allowed to make defend the Agreement on its own defense of behalf with such authorities after consultation with the Assumption Agreement with said authoritiesCompany.
Appears in 1 contract
Samples: Mony Group Inc
Notification of Disapproval or Change in Law. The Company shall ------------ -- ---------------------------- promptly notify the Reinsurer of any disapprovals, recommended actual or anticipated disapprovals or required changes or statements regarding the Assumption this Agreement that are made by any insurance or tax health regulatory authorities authority or taxing authority and of any change in lawthe laws, regulation regulations or rulings affecting this Assumption AgreementAgreement or related documents. The Reinsurer shall be allowed to make participate in the defense of this Agreement or related documents on its own defense of behalf with such authority after consultation with the Assumption Agreement with said authoritiesCompany.
Appears in 1 contract
Samples: Reinsurance Agreement (Physicians Health Services Inc)
