Standard for Services. All of the Administrative Services described in this Agreement shall be performed by the Administrator in accordance with (i) applicable law, (ii) the Reinsured Contracts and (iii) the Administrator’s own standards in providing services with respect to contracts issued by the Administrator in its own name that are similar to the Reinsured Contracts.
Appears in 3 contracts
Samples: Aggregate Loss Portfolio Reinsurance Agreement, Retrocession Agreement (Assured Guaranty LTD), Aggregate Loss Portfolio Reinsurance Agreement (Assured Guaranty LTD)
Standard for Services. 2.1 All of the Administrative Services described in this Agreement shall be performed by the Administrator in accordance with (i) applicable law, (ii) the Reinsured Contracts and (iii) the Administrator’s iii)Administrator's own standards in providing services with respect to similar insurance contracts issued by the Administrator in its own name name. If such compliance is impossible for reasons beyond its control, Administrator will notify CGU of that are similar to fact and the Reinsured Contractsreasons for noncompliance.
Appears in 1 contract
Samples: Administrative Services Agreement (White Mountains Insurance Group LTD)