Common use of SPECIAL ACCEPTANCES Clause in Contracts

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.

Appears in 4 contracts

Samples: Interests and Liabilities Agreement (Homeowners of America Holding Corp), Residential Quota Share (Homeowners of America Holding Corp), Homeowners of America Holding Corp

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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 5, 6 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.

Appears in 3 contracts

Samples: Residential Property Quota Share (Homeowners of America Holding Corp), Residential Property (Homeowners of America Holding Corp), Homeowners of America Holding Corp

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 5, 6 and 12 of the Exclusions Article). Within 10 five 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 five days, the Subscribing Reinsurer will be deemed to have agreed to the special acceptance.

Appears in 2 contracts

Samples: Homeowners of America Holding Corp, Homeowners of America Holding Corp

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 5, 6 and 12 9 of the Exclusions Article). Within 10 five 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 five days, the Subscribing Reinsurer will be deemed to have agreed to the special acceptance.

Appears in 2 contracts

Samples: Homeowners of America Holding Corp, Homeowners of America Holding Corp

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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 5, 6 and 12 9 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.

Appears in 1 contract

Samples: Homeowners of America Holding Corp

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 five 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 five days, the Subscribing Reinsurer will be deemed to have agreed to the special acceptance.

Appears in 1 contract

Samples: Homeowners of America Holding Corp

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