SPECIAL ACCEPTANCES. Business not within the terms of this Agreement may be submitted to the Reinsurer for special acceptance and, if accepted by the Reinsurer, shall be subject to all of the terms of this Agreement except as modified by the special acceptance.
SPECIAL ACCEPTANCES. The Cedent may propose for special acceptance hereunder Reinsured Contract liabilities that are not automatically ceded hereunder for Spousal Continuances for GMDB as discussed under Article V, Paragraph I, and contracts with certain issue dates as set forth in Schedule A, Paragraph B. For a Special Acceptance, the Cedent shall report to the Reinsurer, as promptly as possible, each Reinsured Contract that is proposed for special acceptance, including proposed Reinsured Contracts that are pending acceptance by the Cedent. The Cedent shall provide information about each proposed Reinsured Contract in such scope and format as may be agreed. Unless notified of rejection or special cession rates within thirty (30) days, the proposed Reinsured Contract shall be deemed accepted as an indemnity cession in accordance with the terms and conditions specified herein.
SPECIAL ACCEPTANCES. A. From time to time the Company may request a special acceptance of reinsurance falling outside the scope of the provisions of this Contract (except as respects the exclusions set forth in subparagraphs 1, 2, 3, 5 and 12 of the Exclusions Article). Within 10 days of receipt of such a request, each Subscribing Reinsurer shall accept such request, ask for additional information, or reject the request. Any reinsurance that is specially accepted by the Reinsurer shall be covered under this Contract and shall be subject to the terms hereof, except as such terms shall be modified by the special acceptance. If a Subscribing Reinsurer fails to respond to a special acceptance request within 10 days, the Subscribing Reinsurer will be deemed to have agreed to the special acceptance.
B. If Subscribing Reinsurers with percentage shares totaling more than 50.0% in the interests and liabilities of the Reinsurer agree to a special acceptance, such special acceptance shall be binding on all Subscribing Reinsurers with respect to their respective shares. If such percentage agreement is not achieved, such special acceptance shall be made to this Contract only with respect to the interests and liabilities of each Subscribing Reinsurer that agrees to the special acceptance.
C. In the event a reinsurer becomes a party to this Contract subsequent to one or more special acceptances hereunder, the new reinsurer shall automatically accept such special acceptance(s) as being covered hereunder. Further, if one or more Subscribing Reinsurers under this Contract agreed to special acceptance(s) under the contract being replaced by this Contract, such special acceptance(s) shall be automatically covered hereunder with respect to the interests and liabilities of such Subscribing Reinsurer(s).
SPECIAL ACCEPTANCES. The Retrocedent may propose for special acceptance hereunder Reinsured Contract liabilities that are not automatically retroceded hereunder for Spousal Continuances for GMDB as discussed under Article V, Paragraph J, and contracts with certain issue dates as set forth in Schedule A, Paragraph B. For a Special Acceptance, the Retrocedent shall report to the Retrocessionaire, as promptly as possible, each Reinsured Contract that is proposed for special acceptance, including proposed Reinsured Contracts that are pending acceptance by the Retrocedent. The Retrocedent shall provide information about each proposed Reinsured Contract in such scope and format as may be agreed. Unless notified of rejection or special retrocession rates within thirty (30) days, the proposed Reinsured Contract shall be deemed accepted as an indemnity retrocession in accordance with the terms and conditions specified herein. Exeter Reassurance Co., GMDB Agreement No. 2001-44, Effective April 1, 2001 Amendment No. 8
SPECIAL ACCEPTANCES. A. Business not within the terms of this Contract may be submitted to the Reinsurer for special acceptance and, if accepted by the Reinsurer, shall be subject to all of the terms of this Contract, except as modified by the Special Acceptance.
B. Renewal of Policies, which have previously received a Special Acceptance under prior Contracts, are deemed to be covered hereunder.
C. Further, should a reinsurer become party to this Contract subsequent to the acceptance of any business not normally covered hereunder, that reinsurer will automatically accept the special acceptances as being part of this Contract.
SPECIAL ACCEPTANCES. A. Risks which are beyond the terms, conditions or limitations of this Contract submitted to each Subscribing Reinsurer identified on the attached Interests and Liabilities Agreement for special acceptance hereunder. Upon receipt of approval from all Subscribing Reinsurers, such acceptance shall bind each Subscribing Reinsurer for its respective share in the interests and liabilities of said risk
B. When a risk is specially accepted, such risk shall be covered under the terms and conditions of this Contract, except as such terms shall be modified by such acceptance. Premiums and losses derived from any special acceptance shall be included with other data for rating purposes of this Contract. Once a risk has been accepted under the provisions of this Article, it will automatically be included at renewal unless there have been material changes to the risk, in which case the risk will be resubmitted.
SPECIAL ACCEPTANCES. It is understood and agreed the Company may submit Risks excluded above to the Subscribing Reinsurer for coverage hereunder and, if specifically accepted by the Subscribing Reinsurer, such Risks shall then be covered under the terms of this Contract, except as such terms shall be modified by such acceptance. A Subscribing Reinsurer’s failure to respond within 5 full business days shall be deemed approval of a risk submitted for special acceptance. Once a Risk has been accepted under the provisions of this Article, it will automatically be included at renewal unless there have been material changes to the Risk, in which case the Risk will be resubmitted. The Company submitted and received approval for the following risk to be covered: Insured: Pece of Mind Disposal, Inc. Policy No.: 0830-34965 Policy Effective Dates: 08/27/08 – 08/31/09 and 08/31/09 – 08/31/10
SPECIAL ACCEPTANCES. Any contract of title insurance or reinsurance written by the Reinsured which does not comply with the definition of a Policy may be submitted to the Reinsurer for special acceptance. If specially accepted by the Reinsurer, such contract shall be deemed to be a Policy and covered under and subject to the terms of this Agreement except to the extent that such terms shall be modified by such acceptance. For the avoidance of doubt, in respect of any Policy, the Reinsured’s liability under such Policy shall be calculated after deduction of the profit commission, if any, which is held by the Reinsured and from which the Reinsured is entitled to deduct losses under the Managing General Agency Agreement, if any, applicable to such Policy. For the avoidance of doubt and unless otherwise agreed by the parties, no profit commission shall be applicable to any Policy reinsured under this Agreement unless a Managing General Agency Agreement applicable to such Policy shall have been entered into by the Reinsured and such Agreement has been consented to by the Reinsurer.
SPECIAL ACCEPTANCES. Business not within the terms of this AGREEMENT but which the COMPANY wishes to include in the reinsurance coverage provided by this AGREEMENT may be submitted to the REINSURER by the COMPANY for special acceptance and, if accepted by the REINSURER, shall be subject to all of the terms of this AGREEMENT except as modified by the special acceptance.
SPECIAL ACCEPTANCES. A. Risks which are beyond the terms, conditions or limitations of this Contract submitted to each Subscribing Reinsurer identified on the attached Interests and Liabilities Agreement for special acceptance hereunder. Upon receipt of approval from all Subscribing Reinsurers, such acceptance shall bind each Subscribing Reinsurer for its respective share in the interests and liabilities of said risk. A Subscribing Reinsurer’s failure to respond within 2 full business days shall be deemed approval of a risk submitted for special acceptance.
B. When a risk is specially accepted, such risk shall be covered under the terms and conditions of this Contract, except as such terms shall be modified by such acceptance. Premiums and losses derived from any special acceptance shall be included with other data for rating purposes of this Contract. Once a risk has been accepted under the provisions of this Article, it will automatically be included at renewal unless there have been material changes to the risk, in which case the risk will be resubmitted.
