Common use of Riders Coinsurance Clause in Contracts

Riders Coinsurance. Riders will be reinsured on a coinsurance basis. Accordingly, the Reinsurer will establish a trust account and/or letter of credit pursuant to Article IV for its quota share portion as described in Schedule A-1 so that the Ceding Company may deduct full reserve credit in its statutory financial statements for such quota share portion.

Riders Coinsurance. Riders will be reinsured on a coinsurance basis. Accordingly, the Reinsurer will establish a trust account and/or letter of credit pursuant to Article IV for its quota share portion as described in Schedule A-1 under this Agreement so that the Ceding Company may deduct full reserve credit in its statutory financial statements for such quota share portion.

Riders Coinsurance. Riders will be reinsured on a coinsurance basis. Accordingly, the Reinsurer will establish a trust account and/or and/or, if approved by the Ceding Company, letter of credit pursuant to Article IV for its quota share portion as described in Schedule A-1 under this Agreement so that the Ceding Company may deduct full reserve credit in its statutory financial statements for such quota share portion.

Riders Coinsurance. Riders will be reinsured on a coinsurance basis. Accordingly, the Reinsurer will establish a trust account and/or letter of credit pursuant to Article IV as collateral for its quota share portion as described in Schedule A-1 under this Agreement so that the Ceding Company may deduct full reserve credit in its statutory financial statements for such quota share portion.