REPORTS, ELECTRONIC PREMIUM AND LOSS DATA. (a) Administrator shall collect, administer and provide to Insurer all necessary quality information and data for Insurer to continue to maintain financial and statistical data with respect to the Reinsured Contracts and Reinsured Liabilities in order to permit Insurer to timely make all required regulatory, statistical, and financial reports and filings. All information and data provided by Administrator to Insurer pursuant to this Article VII will be provided as reasonably requested by Insurer. Without limiting the generality of the foregoing, Administrator shall prepare all reports needed by Insurer or the Seller in connection with the Reinsured Liabilities and the Reinsured Contracts to enable Insurer or the Seller to comply with Applicable Law and any and all reporting or filing requirements. Any monthly, quarterly or year-end reports required to be prepared by Administrator shall be prepared on a timely basis in order for Insurer or the Seller to comply with any filing deadlines required. (b) During the term of this RSLIC Administrative Services Agreement, Administrator shall transmit to Insurer, within thirty (30) days following the end of each calendar month, a summary report in form and substance as set forth in EXHIBIT C hereto, of all activity relating to the Reinsured Contracts and Reinsured Liabilities for the period reported. The report shall include, but not be limited to, the amount of premiums, commissions, related expenses, reserves and paid losses, as applicable; provided, however, that notwithstanding anything herein to the contrary, in no event shall such reports be deemed to indicate that the Administrator or the Reinsurer has any obligation to pay to the Insurer any amount in respect of Excluded Liabilities which may be reflected on such reports.
Appears in 1 contract
Samples: Administrative Services Agreement (Alleghany Corp /De)
REPORTS, ELECTRONIC PREMIUM AND LOSS DATA. (a) Administrator shall collect, administer and provide to Insurer all necessary quality information and data for Insurer to continue to maintain financial and statistical data with respect to the Reinsured Contracts and Reinsured Liabilities in order to permit Insurer to timely make all required regulatory, statistical, and financial reports and filings. All information and data provided by Administrator to Insurer pursuant to this Article VII will be provided as reasonably requested by Insurer. Without limiting the generality of the foregoing, Administrator shall prepare all reports needed by Insurer or the Seller in connection with the Reinsured Liabilities and the Reinsured Contracts to enable Insurer or the Seller to comply with Applicable Law and any and all reporting or filing requirements. Any monthly, quarterly or year-end reports required to be prepared by Administrator shall be prepared on a timely basis in order for Insurer or the Seller to comply with any filing deadlines required.
(b) During the term of this RSLIC RICA Administrative Services Agreement, Administrator shall transmit to Insurer, within thirty (30) days following the end of each calendar month, a summary report in form and substance as set forth in EXHIBIT C hereto, of all activity relating to the Reinsured Contracts and Reinsured Liabilities for the period reported. The report shall include, but not be limited to, the amount of premiums, commissions, related expenses, reserves and paid losses, as applicable; provided, however, that notwithstanding anything herein to the contrary, in no event shall such reports be deemed to indicate that the Administrator or the Reinsurer has any obligation to pay to the Insurer any amount in respect of Excluded Liabilities which may be reflected on such reports.
Appears in 1 contract
Samples: Administrative Services Agreement (Alleghany Corp /De)
REPORTS, ELECTRONIC PREMIUM AND LOSS DATA. (a) Administrator shall collect, administer and provide to Insurer all necessary quality information and data for Insurer to continue to maintain financial and statistical data with respect to the Reinsured Contracts and Reinsured Liabilities in order to permit Insurer to timely make all required regulatory, statistical, and financial reports and filings. All information and data provided by Administrator to Insurer pursuant to this Article VII will be provided as reasonably requested by Insurer. Without limiting the generality of the foregoing, Administrator shall prepare all reports needed by Insurer or the Seller in connection with the Reinsured Liabilities and the Reinsured Contracts to enable Insurer or the Seller to comply with Applicable Law and any and all reporting or filing requirements. Any monthly, quarterly or year-end reports required to be prepared by Administrator shall be prepared on a timely basis in order for Insurer or the Seller to comply with any filing deadlines required.
(b) During the term of this RSLIC RIC Administrative Services Agreement, Administrator shall transmit to Insurer, within thirty (30) days following the end of each calendar month, a summary report in form and substance as set forth in EXHIBIT C hereto, of all activity relating to the Reinsured Contracts and Reinsured Liabilities for the period reported. The report shall include, but not be limited to, the amount of premiums, commissions, related expenses, reserves and paid losses, as applicable; provided, however, that notwithstanding anything herein to the contrary, in no event shall such reports be deemed to indicate that the Administrator or the Reinsurer has any obligation to pay to the Insurer any amount in respect of Excluded Liabilities which may be reflected on such reports.
Appears in 1 contract
Samples: Administrative Services Agreement (Alleghany Corp /De)
REPORTS, ELECTRONIC PREMIUM AND LOSS DATA. (a) Administrator shall collect, administer and provide to Insurer all necessary quality information and data for Insurer to continue to maintain financial and statistical data with respect to the Reinsured Contracts and Reinsured Liabilities in order to permit Insurer to timely make all required regulatory, statistical, and financial reports and filings. All information and data provided by Administrator to Insurer pursuant to this Article VII will be provided as reasonably requested by Insurer. Without limiting the generality of the foregoing, Administrator shall prepare all reports needed by Insurer or the Seller in connection with the Reinsured Liabilities and the Reinsured Contracts to enable Insurer or the Seller to comply with Applicable Law and any and all reporting or filing requirements. Any monthly, quarterly or year-end reports required to be prepared by Administrator shall be prepared on a timely basis in order for Insurer or the Seller to comply with any filing deadlines required.
(b) During the term of this RSLIC Landmark Administrative Services Agreement, Administrator shall transmit to Insurer, within thirty (30) days following the end of each calendar month, a summary report in form and substance as set forth in EXHIBIT C hereto, of all activity relating to the Reinsured Contracts and Reinsured Liabilities for the period reported. The report shall include, but not be limited to, the amount of premiums, commissions, related expenses, reserves and paid losses, as applicable; provided, however, that notwithstanding anything herein to the contrary, in no event shall such reports be deemed to indicate that the Administrator or the Reinsurer has any obligation to pay to the Insurer any amount in respect of Excluded Liabilities which may be reflected on such reports.
Appears in 1 contract
Samples: Administrative Services Agreement (Alleghany Corp /De)
REPORTS, ELECTRONIC PREMIUM AND LOSS DATA. (a) Administrator shall collect, administer and provide to Insurer all necessary quality information and data for Insurer to continue to maintain financial and statistical data with respect to the Reinsured Contracts and Reinsured Liabilities in order to permit Insurer to timely (to the extent the relevant underlying information is available to Administrator's systems) make all required regulatory, statistical, and financial reports and filings. All information and data provided by Administrator to Insurer pursuant to this Article VII will be provided as reasonably requested by InsurerInsurer (to the extent the relevant underlying information is available to Administrator's systems). Without limiting the generality of the foregoing, Administrator shall prepare all reports needed by Insurer or the Seller in connection with the Reinsured Liabilities and the Reinsured Contracts to enable Insurer or the Seller to comply with Applicable Law and any and all reporting or filing requirements. Any monthly, quarterly or year-end reports required to be prepared by Administrator shall be prepared on a timely basis (to the extent the relevant underlying information is available to Administrator's systems) in order for Insurer or the Seller to comply with any filing deadlines required.
(b) During the term of this RSLIC RIC (Landmark) Administrative Services Agreement, Administrator shall transmit to Insurer, within thirty (30) days following the end of each calendar month, a summary report in form and substance as set forth in EXHIBIT C A hereto, of all activity relating to the Reinsured Contracts and Reinsured Liabilities for the period reportedreported (to the extent the relevant underlying information is available to Administrator's systems). The report shall include, but not be limited to, include the amount of premiums, commissions, related expenses, reserves and paid losses, as applicableinformation set forth on Exhibit A to the RIC (Landmark) Quota Share Reinsurance Agreement; provided, however, that notwithstanding anything herein to the contrary, in no event shall such reports be deemed to indicate that the Administrator or the Reinsurer has any obligation to pay to the Insurer any amount in respect of Excluded Liabilities which may be reflected on such reports.
Appears in 1 contract
Samples: Administrative Services Agreement (Alleghany Corp /De)