ORIGINAL CONDITIONS. All insurances falling under this Contract shall be subject to the same terms, rates, conditions and waivers, and to the same modifications, alterations and cancellations as the respective Policies of the Company (except that in the event of the insolvency of the Company the provisions of the Insolvency Article of this Contract shall apply).
Appears in 4 contracts
Samples: Reinsurance Contract (Direct General Corp), Non Traditional Private Passenger Automobile Quota Share Reinsurance Contract (Direct General Corp), Quota Share Reinsurance Contract (Direct General Corp)
ORIGINAL CONDITIONS. All insurances falling under this Contract Agreement shall be subject to the same terms, rates, conditions and waivers, and to the same modifications, alterations and cancellations as the respective Policies of the Company (except that in the event of the insolvency of the Company the provisions of the Insolvency Article INSOLVENCY ARTICLE of this Contract Agreement shall apply).
Appears in 3 contracts
Samples: Automobile Quota Share Reinsurance Agreement (Goran Capital Inc), Automobile Quota Share Reinsurance Agreement (Symons International Group Inc), Automobile Quota Share Reinsurance Agreement (Goran Capital Inc)
ORIGINAL CONDITIONS. All insurances falling under this Contract Agreement shall be subject to the same terms, rates, conditions and waivers, and to the same modifications, alterations and cancellations as the respective Policies of the Company Issuing Carrier (except that in the event of the insolvency of the Company the provisions of the Insolvency Article INSOLVENCY ARTICLE of this Contract Agreement shall apply)) and the Reinsurer shall be credited with its exact proportion of the original gross premium (including Policy fees) received by the Company.
Appears in 1 contract
Samples: Quota Share Retrocession Agreement (Hallmark Financial Services Inc)
ORIGINAL CONDITIONS. All insurances falling under this Contract Agreement shall be subject to the same terms, rates, conditions and waivers, and to the same modifications, alterations and cancellations as the respective Policies of the Company (except that in the event of the insolvency of the Company the provisions of the Insolvency Article INSOLVENCY ARTICLE of this Contract Agreement shall apply)) and the Reinsurer shall be credited with its exact proportion of the original gross premiums received by the Company.
Appears in 1 contract
Samples: Private Passenger Automobile Quota Share Reinsurance Agreement (21st Century Holding Co)
