Punitive Damages. OPTIMUM RE will not participate in punitive, compensatory or statutory damages or penalties which are awarded against THE COMPANY as a result of an act, omission or course of conduct committed solely by THE COMPANY in connection with the insurance reinsured under this Agreement.
Appears in 4 contracts
Samples: Reinsurance Agreement (Federal Life Group, Inc.), Reinsurance Agreement (Federal Life Group, Inc.), Automatic Reinsurance Agreement (US Alliance Corp)
Punitive Damages. OPTIMUM RE will not participate in punitive, compensatory compensatory, or statutory damages or penalties which are awarded against THE COMPANY as a result of an act, omission or course of conduct committed solely by THE COMPANY in connection with the insurance reinsured under this Agreement.
Appears in 2 contracts
Samples: Bulk Reinsurance Agreement (US Alliance Corp), Bulk Reinsurance Agreement (Midwest Holding Inc.)
