Common use of Third Party Reinsurance Clause in Contracts

Third Party Reinsurance. In the event the Reinsurer desires to retrocede to any third-party reinsurer (whether or not Affiliated with the Reinsurer) any portion of the Liabilities reinsured by it under this Agreement, the Reinsurer shall be responsible for obtaining such retrocessional coverage at its sole expense.

Appears in 7 contracts

Samples: Coinsurance Agreement, Coinsurance Agreement (ING U.S., Inc.), Coinsurance Agreement (ING U.S., Inc.)

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Third Party Reinsurance. In the event the Reinsurer desires to retrocede to any third-party reinsurer (whether or not Affiliated with the Reinsurer) any portion of the Separate Account Liabilities reinsured by it under this Agreement, the Reinsurer shall be responsible for obtaining such retrocessional coverage at its sole expense.

Appears in 6 contracts

Samples: Modified Coinsurance Agreement, Modified Coinsurance Agreement (ING U.S., Inc.), Modified Coinsurance Agreement (ING U.S., Inc.)

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