Parties to Coinsurance. Article II of this Agreement provides for indemnity reinsurance solely between the Ceding Company and the Reinsurer. The acceptance of reinsurance under this Article II shall not create any right or legal relation between the Reinsurer and any Policyholder, insured, claimant or beneficiary under a Policy, and the Ceding Company shall be and remain solely liable to such Policyholder under the Policy.
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Samples: Indemnity Reinsurance Agreement (Universal American Corp.), Indemnity Reinsurance Agreement (Universal American Corp.), Indemnity Reinsurance Agreement (Universal American Corp.)
Parties to Coinsurance. Article II of this Agreement provides only for indemnity reinsurance solely between the Ceding Company and Reinsurer and the Reinsurer. The acceptance of reinsurance under this Article II shall not create any right or legal relation relationship between the Reinsurer and any Policyholder, insured, claimant Policyholder or beneficiary any other Person under a Policy, and the Ceding Company shall be and remain solely liable to such Policyholder under the Policy.
Appears in 3 contracts
Samples: Indemnity Reinsurance Agreement (Vericity, Inc.), Indemnity Reinsurance Agreement (Vericity, Inc.), Indemnity Reinsurance Agreement (Vericity, Inc.)
Parties to Coinsurance. Article II of this Agreement provides for indemnity reinsurance solely between the Ceding Company and the Reinsurer. The Unless and until a Coinsured Policy is assumed by the Reinsurer in accordance with the Assumption Agreement, the acceptance of reinsurance under this Article II shall not create any right or legal relation between the Reinsurer and any Policyholder, insured, claimant or beneficiary Policyholder under a Coinsured Policy, and the Ceding Company shall be and remain solely liable to such Policyholder under the Coinsured Policy.
Appears in 2 contracts
Samples: Coinsurance Reinsurance Agreement (Citizens Inc), Coinsurance Reinsurance Agreement (Citizens Inc)
Parties to Coinsurance. This Article II of this Agreement provides for indemnity reinsurance solely between the Ceding Company and the Reinsurer. The acceptance of reinsurance under this Article II shall not create any right or legal relation between the Reinsurer and any Policyholder, insured, claimant or beneficiary under the Claimant on a PolicyReinsured Claim, and the Ceding Company shall be and remain solely liable to such Policyholder under the PolicyClaimant on the Reinsured Claim.
Appears in 1 contract
Samples: Reinsurance Agreement (Eastern Insurance Holdings, Inc.)
Parties to Coinsurance. Article II of this Agreement provides for indemnity reinsurance solely between the Ceding Company and the Reinsurer. The acceptance of reinsurance under this Article II shall not create any right or legal relation between the Reinsurer and any Policyholder, insured, claimant or beneficiary under a Coinsured Policy, and the Ceding Company shall be and remain solely liable to such Policyholder under the Coinsured Policy.
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