Common use of Reinsurance Credit Clause in Contracts

Reinsurance Credit. It is the intention of both the REINSURER and the CEDING COMPANY that the CEDING COMPANY qualify for reinsurance credit in all States for reinsurance ceded hereunder. The REINSURER, at its sole cost and expense, shall do all that is necessary to comply with the insurance laws and regulations of all States in order to enable the CEDING COMPANY to take credit for the reinsurance ceded hereunder, including delivery of any reports required thereunder.

Appears in 4 contracts

Samples: Confidentiality and Non Disclosure Agreement (Variable Account D of Union Security Insurance Co), Confidentiality and Non Disclosure Agreement (Variable Account D of Union Security Insurance Co), Automatic Reinsurance Agreement (Variable Account D of Union Security Insurance Co)

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Reinsurance Credit. A. It is the intention of both the REINSURER and the CEDING COMPANY that the CEDING COMPANY qualify for reinsurance reserve credit in all States for reinsurance ceded hereunder. The REINSURER, at its sole cost and expense, shall do all that is necessary to comply with the insurance laws and regulations of all States in order to enable the CEDING COMPANY to take reserve credit for the reinsurance ceded hereunder, including delivery of any reports required thereunder.

Appears in 3 contracts

Samples: Confidentiality and Non Disclosure Agreement (Metlife of Ct Separate Account Eleven for Variable Annuities), Confidentiality and Non Disclosure Agreement (Metlife of Ct Separate Account Eleven for Variable Annuities), Reinsurance Agreement (Travelers Fund Bd Iii for Variable Annuities)

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