Common use of Reimbursement of Losses Clause in Contracts

Reimbursement of Losses. A. All reinsurance claims settlements are subject to the terms and conditions of the Individual Policy under which the Ceding Company is liable. The Reinsurer shall accept the Ceding Company's good faith settlement of all GB claims under the Contracts. When requested, the Ceding Company shall provide the Reinsurer with copies of any documentation within the Ceding Company's possession with respect to specific GB claims under the Contracts or with respect to items used to compute amounts contained in the accounting reports. B. The Reinsurer shall pay losses as of the end of the month immediately following the month when the losses are incurred.

Reimbursement of Losses. A. All reinsurance claims settlements are subject to the terms and conditions of the Individual Policy under which the Ceding Company is liable. The Reinsurer shall accept the Ceding Company's ’s good faith settlement of all GB claims under the Contracts. When requested, the Ceding Company shall provide the Reinsurer with copies of any documentation within the Ceding Company's ’s possession with respect to specific GB claims under the Contracts or with respect to items used to compute amounts contained in the accounting reports. B. The Reinsurer shall pay losses as of the end of the month immediately following the month when the losses are incurred.