Common use of SELF ADMINISTERED REPORTING REQUIREMENTS Clause in Contracts

SELF ADMINISTERED REPORTING REQUIREMENTS. The Ceding Company will not change its existing self administered reporting practices in effect on or after the effective date, unless the Ceding Company notifies Continental in writing and Continental approves of such changes. If the reporting practices of the Ceding Company deteriorate to the point that Continental cannot properly administer the risks reinsured under this agreement, has been notified of such deterioration in writing by Continental and has not remedied such deterioration within 30 days of receipt of notice, then Continental reserves the right to terminate this agreement within 15 business days of receiving the notice of non-remedy.