Common use of Policy Administration Clause in Contracts

Policy Administration. 1. The policyholder undertakes that he/she will advise all eligible insured members immediately if for any reason this agreement should not be renewed or this agreement should be terminated in accordance with the provision of Article 23 above so that such eligible insured are made aware that all cover has ceased and that benefits will not be payable in respect of eligible insured or family members. 2. As the purpose of the agreement is to provide cover for eligible insured and dependants, the policyholder undertakes to ensure that any revised policy wording or benefit schedule sent by the insurer to the policyholder, or any notice sent by the insurer to the policyholder relating to the cover, are issued without delay to all eligible insured. 3. The policyholder shall notify insured persons any change in the terms and conditions of this policy and any endorsements. The policyholder shall also notify insured persons of the changes in the terms and conditions of this policy with those of any previously held policy. 4. The policyholder hereby indemnifies the insurer from and against any and all costs, losses and expenses incurred by the insurer consequent upon any failure by the policyholder to discharge its obligations under this agreement. 5. The policyholder shall administer this agreement in accordance with its terms and any guidance issued by the insurer from time to time and shall notify the insurer in writing, of any change in the person designated. 6. The policyholder shall remain responsible for ensuring its obligations under this agreement are fully discharged notwithstanding that all or any part of those obligations are delegated to an intermediary or agent who shall be deemed to be the agent of the company. 7. The policyholder shall advise the insurer immediately if he/she becomes bankrupt, or if an administrator or receiver or an administrative receiver is appointed in respect of all or any part of the business or assets of the policyholder. 8. The policyholder must write and inform the Insurer if the insured person changes their address or occupation. 9. When expense occurred for the medical condition caused by another party who is liable for the incident, and the insurer paid the claim for such expense to the insured person, thereafter the insurer exercise the subrogation right to claim against the other party for remuneration of the amount paid, and the insured person shall provide the insurer with necessary documents and all relevant information known. Should the insured person successfully recover compensation from the third party, that amount shall be deducted from the eligible benefits of the claim settlement paid by the insurer. If the insured person obtains any compensation from the other party after receiving payment from the insurer, the insured person should repay that compensation to the insurer within 21 days of receipt, while the repayment does not exceed the settlement of the claim. When a medical condition is caused by another party, should the insured person waive the right to recover compensation from the other party before the claim is paid by the insurer, the insurer shall not be responsible for the claim; should the insured person waive the right to recover compensation from the other party without a consent from the insurer after the claim is paid by the insurer, such waiver is invalid; should any intension or negligence on the part of the insured person result in the insurer unable to exercise subrogation right for recovery, the insurer may deduct the settlement paid from other eligible benefits or demand a refund of the settlement.

Policy Administration. 1. 1 The policyholder undertakes that he/she will advise all eligible insured members employees immediately if for any reason this agreement should not be renewed or this agreement should be terminated in accordance with the provision of Article 23 above so that such eligible insured employees are made aware that all cover has ceased and that benefits will not be payable in respect of eligible insured employees or family members. 2. members 2 As the purpose of the agreement is to provide cover for eligible insured employees and dependants, the policyholder undertakes to ensure that any revised policy wording or benefit schedule sent by the insurer to the policyholder, or any notice sent by the insurer to the policyholder relating to the cover, are issued without delay to all eligible insured. 3. employees 3 The policyholder shall notify insured persons group members of any change in the terms and conditions of this group policy and any endorsements. endorsements The policyholder shall also notify insured persons group members of the changes in the terms and conditions of this group policy with those of any previously held policy. 4. policy 4 The policyholder hereby indemnifies the insurer from and against any and all costs, losses and expenses incurred by the insurer consequent upon any failure by the policyholder to discharge its obligations under this agreement. 5. agreement 5 The policyholder shall designate a responsible person (the policy administrator) to administer this agreement in accordance with its terms and any guidance issued by the insurer from time to time and shall notify the insurer in writing, of any change in the person designated. 6. designated 6 The policyholder shall remain responsible for ensuring its obligations under this agreement are fully discharged notwithstanding that all or any part of those obligations are delegated to an intermediary or agent who shall be deemed to be the agent of the company. 7. company 7 The policyholder shall advise the insurer immediately if he/she it goes into liquidation or becomes bankrupt, or if an administrator or receiver or an administrative receiver is appointed in respect of all or any part of the business or assets of the policyholder. 8. company 8 The policyholder must write and inform the Insurer insurer if the insured person changes their address or occupation. 9. occupation 9 When expense occurred for the medical condition caused by another party who is liable for the incident, and the insurer paid the claim for such expense to the insured person, thereafter the insurer exercise the subrogation right to claim against the other party for remuneration of the amount paid, and the insured person shall provide the insurer with necessary documents and all relevant information known. known Should the insured person successfully recover compensation from the third party, that amount shall be deducted from the eligible benefits of the claim settlement paid by the insurer. insurer If the insured person obtains any compensation from the other party after receiving payment from the insurer, the insured person should repay that compensation to the insurer within 21 days of receipt, while the repayment does not exceed the settlement of the claim. claim When a medical condition is caused by another party, should the insured person waive the right to recover compensation from the other party before the claim is paid by the insurer, the insurer shall not be responsible for the claim; should the insured person waive the right to recover compensation from the other party without a consent from the insurer after the claim is paid by the insurer, such waiver is invalid; should any intension or negligence on the part of the insured person result in the insurer unable to exercise subrogation right for recovery, the insurer may deduct the settlement paid from other eligible benefits or demand a refund of the settlement.

Policy Administration. 1. The policyholder undertakes that he/she will advise all eligible insured members employees immediately if for any reason this agreement should not be renewed or this agreement should be terminated in accordance with the provision of Article 23 above so that such eligible insured employees are made aware that all cover has ceased and that benefits will not be payable in respect of eligible insured employees or family members. 2. As the purpose of the agreement is to provide cover for eligible insured employees and dependants, the policyholder undertakes to ensure that any revised policy wording or benefit schedule sent by the insurer to the policyholder, or any notice sent by the insurer to the policyholder relating to the cover, are issued without delay to all eligible insuredemployees. 3. The policyholder shall notify insured persons group members of any change in the terms and conditions of this group policy and any endorsements. The policyholder shall also notify insured persons group members of the changes in the terms and conditions of this group policy with those of any previously held policy. 4. The policyholder hereby indemnifies the insurer from and against any and all costs, losses and expenses incurred by the insurer consequent upon any failure by the policyholder to discharge its obligations under this agreement. If the policyholder is not able to perform the responsibilities of any clause under the Article 26 that causes the insurer to be claimed, the policyholder should indemnify the insurer for all the losses, including but not limited to the disputes resolution fees, claim amount, legal fee and others. 5. The policyholder shall designate a responsible person (the policy administrator) to administer this agreement in accordance with its terms and any guidance issued by the insurer from time to time and shall notify the insurer in writing, of any change in the person designated. 6. The policyholder shall remain responsible for ensuring its obligations under this agreement are fully discharged notwithstanding that all or any part of those obligations are delegated to an intermediary or agent who shall be deemed to be the agent of the company. 7. The policyholder shall advise the insurer immediately if he/she it goes into liquidation or becomes bankrupt, or if an administrator or receiver or an administrative receiver is appointed in respect of all or any part of the business or assets of the policyholdercompany. 8. The policyholder must write and inform the Insurer insurer if the insured person changes their address or occupation. 9. When expense occurred for the medical condition caused by another party who is liable for the incident, and the insurer paid the claim for such expense to the insured person, thereafter the insurer exercise the subrogation right to claim against the other party for remuneration of the amount paid, and the insured person shall provide the insurer with necessary documents and all relevant information known. Should the insured person successfully recover compensation from the third party, that amount shall be deducted from the eligible benefits of the claim settlement paid by the insurer. If the insured person obtains any compensation from the other party after receiving payment from the insurer, the insured person should repay that compensation to the insurer within 21 days of receipt, while the repayment does not exceed the settlement of the claim. When a medical condition is caused by another party, should the insured person waive the right to recover compensation from the other party before the claim is paid by the insurer, the insurer shall not be responsible for the claim; should the insured person waive the right to recover compensation from the other party without a consent from the insurer after the claim is paid by the insurer, such waiver is invalid; should any intension or negligence on the part of the insured person result in the insurer unable to exercise subrogation right for recovery, the insurer may deduct the settlement paid from other eligible benefits or demand a refund of the settlement.

Policy Administration. 1. The policyholder undertakes that he/she will advise all eligible insured members employees immediately if for any reason this agreement should not be renewed or this agreement should be terminated in accordance with the provision of Article 23 above so that such eligible insured employees are made aware that all cover has ceased and that benefits will not be payable in respect of eligible insured employees or family members. 2. As the purpose of the agreement is to provide cover for eligible insured employees and dependants, the policyholder undertakes to ensure that any revised policy wording or benefit schedule sent by the insurer to the policyholder, or any notice sent by the insurer to the policyholder relating to the cover, are issued without delay to all eligible insuredemployees. 3. The policyholder shall notify insured persons group members of any change in the terms and conditions of this group policy and any endorsements. The policyholder shall also notify insured persons group members of the changes in the terms and conditions of this group policy with those of any previously held policy. 4. The policyholder hereby indemnifies the insurer from and against any and all costs, losses and expenses incurred by the insurer consequent upon any failure by the policyholder to discharge its obligations under this agreement. 5. The policyholder shall designate a responsible person (the policy administrator) to administer this agreement in accordance with its terms and any guidance issued by the insurer from time to time and shall notify the insurer in writing, of any change in the person designated. 6. The policyholder shall remain responsible for ensuring its obligations under this agreement are fully discharged notwithstanding that all or any part of those obligations are delegated to an intermediary or agent who shall be deemed to be the agent of the company. 7. The policyholder shall advise the insurer immediately if he/she it goes into liquidation or becomes bankrupt, or if an administrator or receiver or an administrative receiver is appointed in respect of all or any part of the business or assets of the policyholdercompany. 8. The policyholder must write and inform the Insurer insurer if the insured person changes their address or occupation. 9. When expense occurred for the medical condition caused by another party who is liable for the incident, and the insurer paid the claim for such expense to the insured person, thereafter the insurer exercise the subrogation right to claim against the other party for remuneration of the amount paid, and the insured person shall provide the insurer with necessary documents and all relevant information known. Should the insured person successfully recover compensation from the third party, that amount shall be deducted from the eligible benefits of the claim settlement paid by the insurer. If the insured person obtains any compensation from the other party after receiving payment from the insurer, the insured person should repay that compensation to the insurer within 21 days of receipt, while the repayment does not exceed the settlement of the claim. When a medical condition is caused by another party, should the insured person waive the right to recover compensation from the other party before the claim is paid by the insurer, the insurer shall not be responsible for the claim; should the insured person waive the right to recover compensation from the other party without a consent from the insurer after the claim is paid by the insurer, such waiver is invalid; should any intension or negligence on the part of the insured person result in the insurer unable to exercise subrogation right for recovery, the insurer may deduct the settlement paid from other eligible benefits or demand a refund of the settlement.

Policy Administration. 1The Ceding Company shall provide all required, necessary and appropriate claims, administrative and other services, including reporting under Article VII, with respect to the Reinsured Policies and the Accounts. The policyholder undertakes Ceding Company shall conduct its administration and claims practices with respect to the Reinsured Policies (a) with a level of skill, diligence and expertise that he/she will advise all eligible insured members immediately if for any reason this agreement should not would reasonably be renewed or this agreement should be terminated expected from experienced and qualified personnel performing such duties in similar circumstances, (b) in accordance with applicable Law and the provision of Article 23 above so that such eligible insured are made aware that all cover has ceased and that benefits will not be payable in respect of eligible insured or family members. 2. As the purpose terms of the agreement is Reinsured Policies, and (c) in a manner no less favorable to provide cover for eligible insured the Reinsurer and dependants, the policyholder undertakes to ensure that any revised policy wording or benefit schedule sent Reinsured Policies than those used by the insurer Ceding Company with respect to other policies of the Ceding Company not reinsured by the Reinsurer hereunder or other hxxxxx of the Ceding Company. The Ceding Company shall not outsource any administrative functions or claims administration to a non-Affiliate with respect to the policyholder, Reinsured Policies or any notice sent by this Agreement without the insurer to the policyholder relating to the cover, are issued without delay to all eligible insured. 3. The policyholder shall notify insured persons any change in the terms and conditions of this policy and any endorsements. The policyholder shall also notify insured persons prior written consent of the changes in the terms and conditions of this policy with those of any previously held policy. 4. The policyholder hereby indemnifies the insurer from and against any and all costsReinsurer, losses and expenses incurred by the insurer consequent upon any failure by the policyholder to discharge its obligations under this agreement. 5. The policyholder shall administer this agreement in accordance with its terms and any guidance issued by the insurer from time to time and shall notify the insurer in writing, of any change in the person designated. 6. The policyholder shall remain responsible for ensuring its obligations under this agreement are fully discharged notwithstanding that all or any part of those obligations are delegated to an intermediary or agent who shall be deemed such consent not to be the agent of the company. 7. The policyholder shall advise the insurer immediately if he/she becomes bankrupt, or if an administrator or receiver or an administrative receiver is appointed in respect of all or any part of the business or assets of the policyholder. 8. The policyholder must write and inform the Insurer if the insured person changes their address or occupation. 9. When expense occurred for the medical condition caused by another party who is liable for the incident, and the insurer paid the claim for such expense to the insured person, thereafter the insurer exercise the subrogation right to claim against the other party for remuneration of the amount paid, and the insured person shall provide the insurer with necessary documents and all relevant information known. Should the insured person successfully recover compensation from the third party, that amount shall be deducted from the eligible benefits of the claim settlement paid by the insurerunreasonably withheld. If the insured person obtains Reinsurer consents to any compensation from outsourcing of any administrative functions or claims administration with respect to the other party after receiving payment from the insurerReinsured Policies or this Agreement, the insured person should repay that compensation Ceding Company shall secure the Reinsurer’s right to audit and inspect the party performing such outsourced services. If the Ceding Company is adjudicated pursuant to the insurer within 21 days Dispute Resolution provisions of receiptthis Agreement to have persistently and materially breached its administration obligations set forth in this Section 10.01, while the repayment does not exceed Reinsurer may require the settlement Ceding Company to appoint and retain, at the Ceding Company’s expense, a professional third party administrator that is acceptable to the Reinsurer and has appropriate experience in the administration of annuity reinsurance claims (a “Substitute Administrator”) to perform such administration obligations on behalf of the claim. When a medical condition is caused by another party, should Ceding Company; provided that the insured person waive Reinsurer shall have obtained the right to recover compensation from the other party before the claim is paid by the insurer, the insurer shall not be responsible for the claim; should the insured person waive the right to recover compensation from the other party without a consent from the insurer after the claim is paid by the insurer, such waiver is invalid; should any intension or negligence on the part prior written unanimous approval of all Third-Party Reinsurers of the insured person result in the insurer unable to exercise subrogation right for recovery, the insurer may deduct the settlement paid from other eligible benefits or demand a refund appointment and retention of the settlementSubstitute Administrator. Any Substitute Administrator shall provide written evidence that it has obtained (and maintains in force) errors & omissions insurance policies with insurance coverage of at least [***] .

Policy Administration. 1. The policyholder undertakes that he/she will advise Company grants to each Assuming Reinsurer authority in all eligible insured members immediately if for any reason this agreement should not be renewed or this agreement should be terminated in accordance with the provision of Article 23 above so that such eligible insured are made aware that all cover has ceased and that benefits will not be payable in respect of eligible insured or family members. 2. As the purpose of the agreement is to provide cover for eligible insured and dependants, the policyholder undertakes to ensure that any revised policy wording or benefit schedule sent by the insurer to the policyholder, or any notice sent by the insurer to the policyholder matters relating to the coveradministration of the Insurance Policies assumed by such Assuming Reinsurer to the extent such authority may be granted pursuant to applicable law and agrees to cooperate fully with the Assuming Reinsurer in the transfer of such administration. Each Assuming Reinsurer agrees, are issued at its expense, to be responsible for such administration. In order to assist and to evidence more fully the substitution of each Assuming Reinsurer in the place and stead of the Company, the Company hereby nominates, constitutes and appoints each Assuming Reinsurer as its attorney-in-fact with respect to the rights, duties, privileges and obligations of the Company in and to the Insurance Policies assumed by that Assuming Reinsurer, with full power and authority to act in the name, place and stead of the Company with respect to such Insurance Policies including, without delay limitation, the power, without reservation, to service all eligible insured. 3such Insurance Policies, to adjust, to defend, to settle and to pay all claims, to recover salvage and subrogation for any losses incurred and to take such other and further actions as may be necessary or desirable to effect the transactions contemplated by this Agreement. In addition to other responsibilities set forth in this Agreement, each Assuming Reinsurer shall also issue on the Company's behalf, but wherever possible in the name of the Assuming Reinsurer, all Insurance Policies assumed by such Assuming Reinsurer which the Company is contractually or otherwise obligated to issue on and after the Effective Date. The policyholder shall notify insured persons any change in Company agrees that, after the terms and conditions of this policy and any endorsements. The policyholder shall also notify insured persons of the changes in the terms and conditions of this policy with those of any previously held policy. 4. The policyholder hereby indemnifies the insurer from and against any and all costsEffective Date, losses and expenses incurred by the insurer consequent upon any failure by the policyholder to discharge its obligations under this agreement. 5. The policyholder shall administer this agreement in accordance with its terms and any guidance issued by the insurer from time to time and shall notify the insurer in writing, of any change in the person designated. 6. The policyholder shall remain responsible for ensuring its obligations under this agreement are fully discharged notwithstanding that all or any part of those obligations are delegated to an intermediary or agent who shall be deemed to be the agent of the company. 7. The policyholder shall advise the insurer immediately if he/she becomes bankrupt, or if an administrator or receiver or an administrative receiver is appointed in respect of all or any part of the business or assets of the policyholder. 8. The policyholder must write and inform the Insurer if the insured person changes their address or occupation. 9. When expense occurred for the medical condition caused by another party who is liable for the incident, and the insurer paid the claim for such expense it will forward to the insured personappropriate Assuming Reinsurer, thereafter the insurer exercise the subrogation right to claim against the other party for remuneration of the amount paid, and the insured person shall provide the insurer with necessary documents and all relevant information known. Should the insured person successfully recover compensation from the third party, that amount shall be deducted from the eligible benefits of the claim settlement paid by the insurer. If the insured person obtains any compensation from the other party after receiving payment from the insurer, the insured person should repay that compensation to the insurer within 21 forty-five (45) days of receipt, while all notices and other written communications received by it relating to the repayment does not exceed the settlement Insurance Policies assumed by that Assuming Reinsurer (including, without limitation, all inquiries or complaints from state insurance regulators, agents, brokers and insureds and all notices of the claim. When a medical condition is caused by another partyclaims, should the insured person waive the right to recover compensation from the other party before the claim is paid by the insurer, the insurer shall not be responsible suits and actions for the claim; should the insured person waive the right to recover compensation from the other party without a consent from the insurer after the claim is paid by the insurer, such waiver is invalid; should any intension or negligence on the part which it receives services of the insured person result in the insurer unable to exercise subrogation right for recovery, the insurer may deduct the settlement paid from other eligible benefits or demand a refund of the settlementprocess).

Policy Administration. 1Section 7.01. The policyholder undertakes that he/she will advise all eligible insured members immediately if for any reason this agreement should not be renewed or this agreement should be terminated From and after the Closing Date, except as otherwise provided in Sections 7.3 and 7.4, Cedant shall retain the responsibility to provide the Administrative Services with respect to the Reinsured Policies and Cedant agrees to provide the Administrative Services in accordance with the provision terms and conditions set forth herein. As long as Cedant is obligated to provide the Administrative Services, Reinsurer shall pay Cedant on an annual basis an administrative fee of Article 23 above so $25 for each Reinsured Policy which is in force during each calendar year (the “Administrative Fee”). Reinsurer shall pay the Administrative Fee to Cedant within thirty (30) days following the end of each calendar year. The Administrative Fee shall be adjusted on a pro rata basis for any mid-year cancellations, nonrenewals or terminations or in the event that such eligible insured are made aware that all cover has ceased and that benefits will not be payable in respect of eligible insured or family membersCedant’s obligation to provide the Administrative Services is terminated during the year pursuant to Section 7.5 herein. 2Section 7.02. As Cedant agrees to perform the purpose Administrative Services with a level of skill, diligence, care and expertise that is consistent with industry standards for an administrator of the agreement is type of policies coinsured hereunder and shall also comply in all material respects with all Applicable Laws and the terms of the Reinsured Policies. Cedant hereby covenants that it will employ and retain staff with the experience, skill and expertise to perform the Administrative Services in a manner consistent with the standards set forth herein. Section 7.03. Notwithstanding anything contained herein to the contrary, Cedant shall retain liability and administrative responsibility for all Retained Liabilities. Section 7.04. Notwithstanding anything contained herein to the contrary, Cedant shall set or change Non-Guaranteed Elements of the Policies after the Closing Date only pursuant to written instructions of Reinsurer. Section 7.05. Cedant shall provide the Administrative Services for the Initial Term. At any time during or after the end of the Initial Term, Cedant’s obligation to provide cover the Administrative Services (except with respect to Retained Liabilities for eligible insured which Cedant shall be responsible indefinitely and dependants, the policyholder undertakes to ensure that any revised policy wording or benefit schedule sent by the insurer perpetually notwithstanding anything to the policyholdercontrary contained in this Agreement), shall terminate (i) upon thirty (30) days prior written notice from Reinsurer, (ii) upon ninety (90) days prior written notice from Cedant, (iii) immediately, at the option of Reinsurer, upon a breach by Cedant of any material term or condition of this Agreement that is not cured by Cedant within thirty (30) days of receipt of written notice from Reinsurer of such breach, or any notice sent by (iv) upon expiration or termination of this Agreement pursuant to Article XX hereof. In the insurer event Cedant’s obligation to provide the policyholder Administrative Services is terminated (except with respect to Retained Liabilities), Cedant shall cooperate fully in the prompt transfer of the Administrative Services and the Books and Records (or, where appropriate, copies thereof) relating to the cover, are issued without delay Reinsured Policies to all eligible insured. 3. The policyholder Reinsurer or its designee and Cedant shall notify insured persons any change in the terms and conditions of this policy and any endorsements. The policyholder shall also notify insured persons of the changes in the terms and conditions of this policy with those of any previously held policy. 4. The policyholder hereby indemnifies the insurer from and against any and all costs, losses and expenses incurred by the insurer consequent upon any failure by the policyholder assign to discharge its obligations under this agreement. 5. The policyholder shall administer this agreement in accordance with its terms and any guidance issued by the insurer from time to time and shall notify the insurer in writing, of any change in the person designated. 6. The policyholder shall remain responsible for ensuring its obligations under this agreement are fully discharged notwithstanding that all or any part of those obligations are delegated to an intermediary or agent who shall be deemed to be the agent of the company. 7. The policyholder shall advise the insurer immediately if he/she becomes bankruptReinsurer, or if an administrator or receiver or an administrative receiver is appointed in respect of all or any part of the business or assets of the policyholder. 8. The policyholder must write and inform the Insurer if the insured person changes their address or occupation. 9. When expense occurred for the medical condition caused by another party who is liable for the incidentits designee, and the insurer paid the claim for such expense to the insured personextent assignable without cost to Cedant, thereafter the insurer exercise the subrogation right to claim against the other party for remuneration of the amount paid, and the insured person shall provide the insurer with necessary documents and all relevant information known. Should the insured person successfully recover compensation from the third party, that amount shall be deducted from the eligible benefits of the claim settlement paid by the insurer. If the insured person obtains any compensation from the other party after receiving payment from the insurer, the insured person should repay that compensation to the insurer within 21 days of receipt, while the repayment does not exceed the settlement of the claim. When a medical condition is caused by another party, should the insured person waive the right to recover compensation from use any software used by Cedant in administering the Reinsured Policies so that Reinsurer, or its designee, shall be able to perform the Administrative Services (except with respect to Retained Liabilities) without interruption following termination of Cedant’s obligation to provide such services hereunder. Following the termination of Cedant’s obligation to provide the Administrative Services (except with respect to Retained Liabilities) and subject to Article VIII hereof, Cedant shall forward promptly to Reinsurer all notices and other party before written communications received by it relating to the claim is paid by the insurer, the insurer shall not be responsible for the claim; should the insured person waive the right to recover compensation from the other party without a consent from the insurer after the claim is paid by the insurer, such waiver is invalid; should any intension or negligence on the part of the insured person result in the insurer unable to exercise subrogation right for recovery, the insurer may deduct the settlement paid from other eligible benefits or demand a refund of the settlementReinsured Policies.