Settlement Authority. The Ceding Company shall have full authority to determine liability on any Claim reinsured hereunder and may settle losses as it deems appropriate, but in so doing it shall act with the skill and diligence commonly expected from qualified personnel performing such duties for U.S. life insurance companies and consistent with the Ceding Company’s Then Current Practice.
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Samples: Coinsurance Agreement (Primerica, Inc.), Coinsurance Agreement (Primerica, Inc.), Coinsurance Agreement (Primerica, Inc.)
Settlement Authority. The Ceding Company shall have full authority to determine liability on any Claim reinsured hereunder and may settle losses as it deems appropriate, but in so doing it shall act with the skill and diligence commonly expected from qualified personnel performing such duties for U.S. Canadian life insurance companies and consistent with the Ceding Company’s Then Current Practice.
Appears in 2 contracts
Samples: Coinsurance Agreement (Primerica, Inc.), Coinsurance Agreement (Primerica, Inc.)
Settlement Authority. The Ceding Company shall have full authority to determine liability on any Claim reinsured hereunder and may settle losses as it deems appropriate, but in so doing it shall act with the skill and diligence commonly expected from qualified personnel performing such duties for U.S. Canadian life insurance companies and consistent with the Ceding Company’s 's Then Current Practice.
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Settlement Authority. The Ceding Company shall have full authority to determine liability on any Claim reinsured hereunder and may settle losses as it deems appropriate, but in so doing it shall act with the skill and diligence commonly expected from qualified personnel performing such duties for U.S. life insurance companies and consistent with the Ceding Company’s 's Then Current Practice.
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