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. Continental reserves the right to terminate all reinsurance, both inforce and new business, if the reporting practices of the Ceding Company deteriorate to the point that Continental cannot properly administer the risks reinsured under this agreement.
Appears in 2 contracts
Samples: Reinsurance Agreement (Ge Life & Annuity Assurance Co Iv), Ge Capital Life Separate Account Ii
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. Continental reserves the right to terminate all reinsurance, both inforce and new business, if the reporting practices of the Ceding Company deteriorate to the point that Continental cannot properly administer the risks reinsured under this agreement; provided that Continental has given the Ceding-Company written notice of the inadequacies of the reporting practices and ninety (90) days to correct the reporting deficiencies.
Appears in 2 contracts
Samples: Guaranteed Minimum Death Benefit Reinsurance Agreement (Variable Account D of Union Security Insurance Co), Guaranteed Minimum Death Benefit Reinsurance Agreement (Variable Account D of Union Security Insurance Co)
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. Continental reserves the right to terminate all reinsurance, both inforce and new business, if the reporting practices of the Ceding Company deteriorate to the point that Continental cannot properly administer the risks reinsured under this agreement, provided that Continental has given the Ceding Company written notice of the inadequacies of the reporting practices and ninety (90) days to cure the reporting inadequacies.
Appears in 1 contract
Samples: Novation Agreement (Metlife of Ct Separate Account Eleven for Variable Annuities)
