Reinsurer's Notice and Defense of Claims. The Reinsurer shall be given written notice of the pendency of each claim or loss which may involve the reinsurance afforded by this Agreement within a reasonable time after such claim or loss is filed in the insolvency proceedings. The Reinsurer shall have the right to investigate each such claim or loss and interpose at its own expense, in the proceeding where the claim or loss is to be adjudicated, any defense which it may deem available to the Company or its liquidator, receiver, conservator, or statutory successor. If more than one Reinsurer is involved, they may designate one Reinsurer to act for all.
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Samples: Loss Reinsurance Agreement (Metlife Inc), Loss Reinsurance Agreement (Metlife Inc), Reinsurance Agreement (Metlife Inc)
Reinsurer's Notice and Defense of Claims. The Reinsurer shall be given written notice of the pendency of each claim or loss which may involve the reinsurance afforded by this Agreement within a reasonable time after such claim or loss is filed in the insolvency proceedings. The Reinsurer shall have the right to investigate each such claim or loss and interpose at its own expense, in the proceeding where the claim or loss is to be adjudicated, any defense which it may deem available to the Company or its liquidator, receiver, conservator, or statutory successor. If more than one Reinsurer reinsurer is involved, they such reinsurers may designate one Reinsurer reinsurer to act for all.
Appears in 2 contracts
Samples: Coinsurance and Yearly Renewable Term Reinsurance Agreement (American Equity Investment Life Holding Co), Coinsurance and Yearly Renewable Term Reinsurance Agreement (American Equity Investment Life Holding Co)
Reinsurer's Notice and Defense of Claims. The Reinsurer shall be given written notice of the pendency of each claim or loss which may involve the reinsurance afforded by this Agreement within a reasonable time after such claim or loss is filed in the insolvency proceedings. The Reinsurer shall have the right to investigate each such claim or loss and interpose at its own expense, in the proceeding where the claim or loss is to be adjudicated, any defense which it may deem available to the Company or its liquidator, receiver, conservator, or statutory successor. If more than one Reinsurer reinsurer is involved, they such reinsurers may designate one Reinsurer reinsurer to act for all.. 12.03 —
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Reinsurer's Notice and Defense of Claims. The Reinsurer shall be given written notice of the pendency of each claim or loss which may involve the reinsurance afforded by this Agreement within a reasonable time after such claim or loss is filed in the insolvency proceedings. The Reinsurer shall have the right to investigate each such claim or loss and interpose at its own expense, in the proceeding where the claim or loss is to be adjudicated, any defense which it may deem available to the Company or its liquidator, receiver, conservator, or statutory successor. If more than one Reinsurer reinsurer is involved, they such reinsurers may designate one Reinsurer reinsurer to act for all.. 12.03 -
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