Common use of Representations and Warranties of the Reinsurer Clause in Contracts

Representations and Warranties of the Reinsurer. 1. The REINSURER is duly organized, validly existing and in good standing as a licensed insurance company under the laws of the state of Oklahoma, and has all necessary corporate power and authority to entitle it to use its name, to own, lease or otherwise hold its properties and assets, to carry on its business as currently conducted, and to perform its obligations.