Reinsurance Agreement. 1. PARTIES TO THE AGREEMENT This Agreement is solely between THE REINSURER and THE COMPANY, a life insurance company domiciled in New Jersey. There is no third party beneficiary to this Agreement. Reinsurance under this Agreement will not create any right or legal relationship between THE REINSURER and any other person, for example, any insured, policyowner, agent, beneficiary, or assignee. THE COMPANY agrees that it will not make THE REINSURER a party to any litigation between any such third party and THE COMPANY. THE COMPANY will not use or disclose THE REINSURER’s name with regard to THE COMPANY's agreements or transactions with these third parties unless THE REINSURER gives prior written approval for the use or disclosure of its name or unless THE COMPANY is compelled by law to do so. The terms of this Agreement are binding upon the parties, their representatives, successors, and assigns. The parties to this Agreement are bound by ongoing and continuing obligations and liabilities until the later of (1) when this Agreement terminates and (2) when the underlying policies are no longer in force. This Agreement shall not be bifurcated, partially assigned, or partially assumed.
Reinsurance Agreement. To the extent there is any direct conflict between the terms of this Agreement and the terms of the Reinsurance Agreement, the terms of the Reinsurance Agreement shall control. Nothing in this Agreement shall supersede or in any way affect other contracts and arrangements between the parties which are unrelated to the subject matter of this Agreement.
Reinsurance Agreement. Reinsurer and Ceding Company agree to execute a reinsurance agreement or amendment which will cover the business specified above. The reinsurance agreement will include the following provisions: Arbitration, Insolvency, Entire Agreement and Amendment, Extra-Contractual Damages, Errors and Omissions, Inspection of Records, OFAC Compliance, Offset, DAC Tax, Insolvency, Non-Transferability, Dispute Resolution, Good Faith, and Confidentiality.
Reinsurance Agreement. Chartwell has obtained on or prior to the date of this Agreement an underwriting commitment in the form set forth in Section 3.1(z) of the Chartwell Disclosure Schedule with respect to the Reinsurance Agreement.
Reinsurance Agreement. Chartwell shall use its commercially reasonable efforts to obtain not later than the Effective Time the Reinsurance Agreement on the terms set forth in Section 3.1(z) of the Chartwell Disclosure Schedule.
Reinsurance Agreement. Chartwell shall have obtained the Reinsurance Agreement which shall be effective at the Effective Time.
Reinsurance Agreement. 27 SECTION 3.2. Representations and Warranties of Trenwick......................27 (a) Organization, Standing and Corporate Power.............27 (b) Subsidiaries...........................................27 (c) Capital Structure......................................27 (d)
Reinsurance Agreement. 59 (g) Opinion................................................59 SECTION 6.3. Conditions to Obligation of Chartwell...........................59 (a)
Reinsurance Agreement. The parties understand and agree that certain policy expenses and mortality risks assumed under the Policies serviced under this Agreement will be 40% reinsured by Allmerica Financial pursuant to the terms of a separate Reinsurance Agreement to be negotiated between the parties.
Reinsurance Agreement. (a) The Affiliated Companies hereby agree to cede to Star and Star agrees to reinsure 100% of the liabilities and expenses of the Affiliated Companies existing as of January 1, 2005 including any development on loss reserves relating to these liabilities and expenses occurring on or after January 1, 2006, as well as 100% of the liabilities and expenses of the Affiliated Companies during the term of this Agreement, each relating to all insurance and reinsurance policies assumed, written or issued by of on behalf of the Affiliated Companies.
