Reinsurance and Coinsurance. All reinsurance or coinsurance treaties or agreements, including retrocessional agreements, to which Liberty Life, Liberty Bermuda or any Insurance Subsidiary is a party or under which Liberty Life, Liberty Bermuda or any Insurance Subsidiary has any existing rights, obligations or liabilities are in full force and effect. Except as set forth in Schedule 3.21 of the Disclosure Schedule, none of the Companies or Company Subsidiaries, nor, to the knowledge of Seller or any Company, any other party to a reinsurance or coinsurance treaty or agreement to which Liberty Life, Liberty Bermuda or any Insurance Subsidiary is a party and representing annual premiums reinsured in excess of $100,000, is in default in any material respect as to any provision thereof, and no such agreement representing annual premiums reinsured in excess of $2,000,000 contains any provision providing that the other party thereto may terminate such agreement by reason of the transactions contemplated by this Agreement or the Ancillary Agreements.
Reinsurance and Coinsurance. (a) To the knowledge of the Company, all reinsurance or coinsurance, ceded or assumed, treaties or agreements, including retrocessional agreements, under which any Company Insurance Subsidiary has any existing rights, obligations or liabilities (including all amendments, extensions, renewals, guaranties, modifications, waivers, supplements and other agreements, if any, related thereto, “Reinsurance Agreements”) are, as of the date of this Agreement, in full force and effect, except where the failure to be in full force and effect would not, either individually or in the aggregate, reasonably be likely to have a Material Adverse Effect on the Company.
Reinsurance and Coinsurance. (a) To the knowledge of Parent, all reinsurance or coinsurance, ceded or assumed, treaties or agreements, including retrocessional agreements, under which any Parent Insurance Subsidiary has any existing rights, obligations or liabilities (including all amendments, extensions, renewals, guaranties, modifications, waivers, supplements and other agreements, if any, related thereto, “Parent Reinsurance Agreements”) are, as of the date of this Agreement, in full force and effect, except where the failure to be in full force and effect would not, either individually or in the aggregate, reasonably be likely to have a Material Adverse Effect on Parent.
Reinsurance and Coinsurance. Paragraph 3.25 of the Sellers Disclosure Schedule contains a true and complete list of all reinsurance or coinsurance treaties or agreements, including retrocessional agreements, to which the Insurance Subsidiary is a party or under which the Insurance Subsidiary has any existing rights, obligations or liabilities. All such treaties or agreements as set forth in such Paragraph 3.25 of the Sellers Disclosure Schedule are in full force and effect. Except as set forth in Paragraph 3.25 of the Sellers Disclosure Schedule, to the knowledge of Sellers and the Company, no party to a reinsurance or coinsurance treaty or agreement to which the Insurance Subsidiary is a party is in default in any material respect as to any provision thereof, and no such agreement contains any provision providing that the other party thereto may terminate such agreement by reason of the transactions contemplated by this Agreement. Except as set forth in Paragraph 3.25 of the Sellers Disclosure Schedule, to the knowledge of Sellers and the Company, there is no reason to believe that the financial condition of any other party to any such agreement is impaired such that a default thereunder may reasonably be anticipated, whether or not such default may be cured by the operation of any offset clause in such agreement, and all amounts recoverable under reinsurance, coinsurance or other similar Contracts to which the Insurance Subsidiary is a party (including, but not limited to, amounts based on paid and unpaid losses) are fully collectible. The Insurance Subsidiary is entitled to take full credit in its Statutory Statements pursuant to applicable laws for all reinsurance and coinsurance ceded pursuant to any reinsurance or coinsurance treaty or agreement to which such Insurance Subsidiary is party. Except as set forth in Paragraph 3.25 of the Sellers Disclosure Schedule, no insurer or reinsurer or group of affiliated insurers or reinsurers accounted for the direction to the Insurance Subsidiary or the ceding by the Insurance Subsidiary of insurance or reinsurance business in an aggregate amount equal to two percent or more of the consolidated gross premium income of the Insurance Subsidiary for the year ended December 31, 2002.
Reinsurance and Coinsurance. If reinsurance or coinsurance is purchased, the cost shall be deducted from the Title Assurance Premium before determining the compensation due to Agent and the remaining Premium together with the cost of the reinsurance or coinsurance shall be remitted to Company, except as otherwise agreed in writing between the Parties. 6.
Reinsurance and Coinsurance. (a) Section 3.25(a) of Seller’s Disclosure Schedule sets forth a list of all Reinsurance Agreements to which the Company is a party or under which it has any existing rights, obligations or liabilities. Seller has made available to Purchaser and Life Reinsurer a copy of each Reinsurance Agreement. All Reinsurance Agreements set forth in Section 3.25(a) of Seller’s Disclosure Schedule are in full force and effect and the Company is not and, to the Knowledge of Seller, no other party thereto is in default in any material respect as to any provision thereof; and, except as set forth in Section 3.25(a) of Seller’s Disclosure Schedule, no such agreement contains any provision providing that any party thereto may terminate such agreement by reason of the transactions contemplated by this Agreement. All reinsurance premiums due under such Reinsurance Agreements have been paid in full or were adequately accrued or reserved for by the Company. To the extent credit has been taken in any Statutory Statement pursuant to applicable Law for reinsurance pursuant to any Reinsurance Agreement, the Company was entitled to take such credit in such Statutory Statement.
Reinsurance and Coinsurance. (1) Schedule 3.25 sets forth a list of all reinsurance and coinsurance treaties or agreements to which any of the SUBSIDIARIES is a party or is a named reinsured and which either (i) covers loss or potential loss arising out of any event occurring (whether or not reported) during the period of three (3) years ending on the date hereof or (ii) covers one or more losses reported prior to the date hereof. Except as indicated on Schedule 3.25, all such treaties or agreements as set forth in such Schedule are, to SELLER'S KNOWLEDGE, in full force and effect. None of the SUBSIDIARIES or, to SELLER'S KNOWLEDGE, any other party to any agreement listed in Schedule 3.25, is in default thereunder in any material respect, and no such agreement contains any provision providing that the other party thereto may terminate such agreement by reason of the transactions contemplated by this AGREEMENT.
Reinsurance and Coinsurance. Schedule 3.17 sets forth a complete and accurate list of all third-party reinsurance or coinsurance treaties and agreements relating to any of the Policies, including all amendments, if any, thereto (collectively, the “Reinsurance Agreements”). True and complete copies of all of the Reinsurance Agreements set forth in Schedule 3.17 have been delivered or made available to Buyer. All Reinsurance Agreements are in full force and effect on the date of this Agreement. Each of the Companies has duly performed all the material terms, conditions, covenants and warranties of the Reinsurance Agreements. Neither any of the Companies nor, to the Knowledge of Seller, any other party to a reinsurance or coinsurance treaty or agreement to which any of the Companies is a party is in default in any material respect as to any provision thereof.
Reinsurance and Coinsurance ss.4(o)(i) of the Seller Disclosure Schedule contains a list of all reinsurance or coinsurance treaties or agreements, including retrocessional agreements but excluding reinsurance or coinsurance unrelated to the SPPI Business, to which any of the SPPI Affiliates is a party or under which it has any existing rights, obligations or liabilities, and ss.4(o)(ii) of the Seller Disclosure Schedule contains a list of all reinsurance treaties or agreements, including facultative certificates, between any Economy Company and Seller or any of Seller's Affiliates other than the Economy Companies (the "St. Paul Reinsurance Agreements"). Assuming no default by any parxx xther than any of the SPPI Affiliates, all such treaties or agreements set forth in ss.4(o)(i) and ss.4(o)(ii) of the Seller Disclosure Schedule are in full force and effect to the respective dates noted thereon; none of the SPPI Affiliates nor, to the Knowledge of the Specified Employees, any other party thereto is in default in any material respect as to any provision thereof; and to the Knowledge of the Specified Employees, no such agreement contains any provision providing that the other party thereto may terminate such agreement by reason of the transactions contemplated by this Agreement.
Reinsurance and Coinsurance. SCHEDULE 3.1(q) contains a list of all reinsurance or coinsurance treaties or agreements to which PCA or any of its Subsidiaries is a party. All such treaties or agreements as set forth in such Schedule are valid, binding and in full force and effect in accordance with their terms (except as the enforceability thereof may be limited by applicable bankruptcy, insolvency, reorganization, moratorium or other similar laws affecting creditors' rights generally or by the principles governing the availability of equitable remedies); and neither PCA nor its Insurance Subsidiaries nor, to PCA's knowledge, any other party thereto is in default as to any provision thereof, except for such defaults the effect of which singly or in the aggregate would not have a Material Adverse Effect on PCA, and none of such agreements contains any provision (A) providing that any other party thereto may terminate such agreement or declare a default or seek damages thereunder by reason of the transactions contemplated by this Agreement or (B) which would be altered or otherwise become applicable by reason of such transactions. PCA does not know of any facts or events that could cause the financial condition of any party to any such agreement to be impaired to such an extent that a default thereunder may be reasonably anticipated.
