We use cookies on our site to analyze traffic, enhance your experience, and provide you with tailored content.

For more information visit our privacy policy.

Common use of Recoveries Clause in Contracts

Recoveries. Subject to Section 6.02(b), if the Ceding Company obtains any recoveries in respect of a claim with respect to the Reinsured Liabilities paid by it in accordance with the terms of any Reinsured Policy, the Ceding Company shall promptly pay to the Reinsurer such recoveries (“Recoveries”).

Appears in 4 contracts

Samples: Funds Withheld Coinsurance and Modified Coinsurance Agreement (Midwest Holding Inc.), Funds Withheld Coinsurance and Modified Coinsurance Agreement (Midwest Holding Inc.), Coinsurance Agreement (US Alliance Corp)

Recoveries. Subject to Section 6.02(b), if If the Ceding Company obtains any recoveries in respect of on a claim with respect to the Reinsured Liabilities paid by it in accordance with the terms of any Reinsured Policy, the Ceding Company shall promptly pay any such recoveries to the Reinsurer such recoveries (“Recoveries”).in accordance with Article IV and Schedule C.

Appears in 3 contracts

Samples: Reinsurance Agreement (SEPARATE ACCOUNT B OF VENERABLE INSURANCE & ANNUITY Co), Funds Withheld Coinsurance and Modified Coinsurance Agreement (SEPARATE ACCOUNT B OF VENERABLE INSURANCE & ANNUITY Co), Funds Withheld Coinsurance and Modified Coinsurance Agreement (SEPARATE ACCOUNT B OF VENERABLE INSURANCE & ANNUITY Co)

Recoveries. Subject to Section 6.02(b), if the Ceding Company obtains any recoveries in respect of a claim with respect to the Reinsured Liabilities paid by it in accordance with the terms of any Reinsured Policy, the Ceding Company shall promptly pay to the Reinsurer the Quota Share of such recoveries (“Recoveries”)recoveries.

Appears in 3 contracts

Samples: Modified Coinsurance Agreement (Athene Holding LTD), Reinsurance Agreement (Athene Holding LTD), Modified Coinsurance Agreement (Athene Holding LTD)

Recoveries. Subject to Section 6.02(b7.02(c), if the Ceding Company obtains any recoveries in respect of a claim with respect to the Reinsured Liabilities Claim paid by it in accordance with the terms of any Reinsured Policy, the Ceding Company shall promptly pay to the Reinsurer the Quota Share of such recoveries (“Recoveries”)recoveries.

Appears in 1 contract

Samples: Coinsurance Agreement (American Equity Investment Life Holding Co)

Recoveries. Subject to Section 6.02(b), if the Ceding Company obtains any recoveries in respect of a claim with respect to the Reinsured Liabilities paid by it in accordance with the terms of any Reinsured Policy, the Ceding Company shall promptly pay to the Reinsurer such recoveries (“Recoveries”).. ​

Appears in 1 contract

Samples: Master Letter Agreement (Midwest Holding Inc.)

Recoveries. Subject to Section 6.02(b), if the Ceding Company obtains any recoveries in respect of a claim benefits with respect to the Reinsured Liabilities paid by it in accordance with the terms of any Reinsured Policy, or any refunds or returns of commissions or other amounts received from its Producers in respect of any Reinsured Policies, the Ceding Company shall promptly pay to the Reinsurer the Quota Share of such recoveries (“Recoveries”)amounts.

Appears in 1 contract

Samples: Funds Withheld Coinsurance Agreement (National Western Life Group, Inc.)

Recoveries. Subject to Section 6.02(b), if the Ceding Company obtains any recoveries in respect of a claim with respect to the Reinsured Liabilities paid by it in accordance with the terms of any Reinsured Policy, the Ceding Company shall promptly pay to the Reinsurer the Quota Share of such recoveries (“Recoveries”).recoveries. ARTICLE VII

Appears in 1 contract

Samples: Modified Coinsurance Agreement (Athene Holding LTD)

Recoveries. Subject to Section 6.02(b), if the Ceding Company obtains any recoveries in respect of a claim benefits with respect to the Reinsured Liabilities paid by it in accordance with the terms of any Reinsured Policy, the Ceding Company shall promptly pay to the Reinsurer the Quota Share of such recoveries (“Recoveries”)recoveries.

Appears in 1 contract

Samples: Funds Withheld Coinsurance Agreement (National Western Life Group, Inc.)

Recoveries. Subject to Section 6.02(b8.02(c), if the Ceding Company obtains any recoveries in respect of a claim with respect to the Reinsured Liabilities Claim paid by it in accordance with the terms of any Reinsured Policy, the Ceding Company shall promptly pay to the Reinsurer the Quota Share of such recoveries (“Recoveries”)recoveries.

Appears in 1 contract

Samples: Coinsurance Agreement (American Equity Investment Life Holding Co)