Termination and Other Remedies. Should the Insurer materially breach or default in any obligation as set forth in this Agreement and not timely cure such material default and breach as set forth in this section, TWIA may in its sole discretion take any or all or some of the follow actions: i) Terminate this Agreement or declare this Agreement canceled or void. ii) Prohibit Insurer from further assumption of policies pursuant to any future agreement. iii) Notify the Department of the violation of the Agreement and request that the Department take appropriate administrative action. In addition to any rights and remedies set forth in this Agreement, the non-defaulting party shall have all rights and remedies available at law and/or equity, including, but not being limited to, the right to specific performance, damages or injunctive relief.
Appears in 4 contracts
Samples: Offer and Assumption Agreement, Offer and Assumption Agreement, Offer and Assumption Agreement
