Common use of Reinsurer-Paid Assessments Clause in Contracts

Reinsurer-Paid Assessments. In the event the Reinsurer is required to pay an assessment in respect of the Policies to any insurance guaranty, insolvency or other similar fund maintained by any jurisdiction and such assessment is based on premiums collected or policies in force in any period prior to the Coinsurance Effective Date, the portion, if any, of such assessment that relates to such Policies shall be reimbursed by the Ceding Company to the extent that no Premium Tax offsets are available for use by the Reinsurer.

Reinsurer-Paid Assessments. In the event the Reinsurer is required to pay an any assessment in respect of the Coinsured Policies to any insurance guaranty, insolvency or other similar fund maintained by any jurisdiction and such assessment is based on premiums collected or policies in force in any period on or prior to the Coinsurance Effective Date, the portion, if any, of such assessment that relates to such the Coinsured Policies shall be reimbursed by the Ceding Company to the extent that no Premium Tax premium tax offsets are available for use by the Reinsurer.

Reinsurer-Paid Assessments. In the event the Reinsurer is required to pay an any assessment in respect of the Coinsured Policies to any insurance guaranty, insolvency or other similar fund maintained by any jurisdiction and such assessment is based on premiums collected or policies in force in any period prior to the Coinsurance Effective Date, the portion, if any, of such assessment that relates to such Coinsured Policies shall be reimbursed by the Ceding Company to the extent that no Premium Tax premium tax offsets are available for use by the Reinsurer.