Reinsurance Availability Sample Clauses
Reinsurance Availability. Manager's appointment and authority for Business written under this Agreement is subject to the following:
1. Company is able to obtain and maintain in force at all times reinsurance satisfactory to Company for the Business. The Company's efforts in this regard will at all times be diligent and undertaken in good faith with the intent to maintain reinsurance during the term of this Agreement, however Company cannot guarantee that its efforts will be successful.
2. Obtaining reinsurance is the sole responsibility of Company. When Company obtains satisfactory reinsurance for all or some of the Business, Company will give Manager written notice that Manager may write and bind those classes of business, policies and lines and limits of insurance for which reinsurance has been obtained.
Reinsurance Availability. The Administrator’s authority under this Agreement is subject to the Company’s ability, on behalf of itself and its affiliates, to obtain and maintain in force at all times satisfactory reinsurance protection on reasonable terms and conditions. If the Company, acting reasonably, determines that it is not able to obtain and/or maintain satisfactory reinsurance protection on reasonable terms and conditions for the business authorized hereunder, Palomar may immediately suspend the authority of the Administrator as it relates to the business authorized under this Agreement. Such a suspension shall take effect immediately and shall remain in effect until further notice.
Reinsurance Availability. Agent’s appointment and authority for business written under this Agreement is subject to the following:
a. Company is able to obtain and maintain in force at all times reinsurance satisfactory to Company for the business outlined in the Schedule of Business. Obtaining reinsurance is the sole responsibility of Company.
b. If reinsurance is terminated or no longer in full force and effect for all or any part of the business written under this Agreement, Agent’s authority for the business affected shall be suspended, or limited immediately upon written notice from Company, until further notice.
Reinsurance Availability. Manager’s appointment and authority for Business written under this Agreement is subject to the following:
1. That the Company is able to obtain and maintain in force at all times reinsurance satisfactory to the Company for the Business, and such reinsurance shall be satisfactory if consistent with its customary or usual standards.
2. Obtaining reinsurance is the sole responsibility of the Company. When the Company obtains satisfactory reinsurance for all or some of the Business, the Company will notify Manager, in writing, that Manager may write and bind those classes of business, policies, and lines and limits of insurance for which reinsurance has been obtained.
3. If reinsurance is terminated or no longer in full force and effect for all or any part of the Business, Manager’s authority for the Business affected shall be suspended, or limited immediately upon notice to Manager from the Company, and until further notice.
4. The Company will use its best efforts to maintain satisfactory reinsurance.