Third Party Reinsurance. (i) The Ceding Company shall not, without the Reinsurer’s prior approval (which approval shall not be unreasonably or arbitrarily withheld, conditioned or delayed), (A) terminate or materially modify any existing Third Party Reinsurance or (B) purchase new third party reinsurance for the Reinsured Policies. (ii) The Ceding Company shall use commercially reasonable efforts to maintain its existing Third Party Reinsurance from and after the Effective Date, consistent with the existing practice of the Ceding Company in effect on the Effective Date.
Appears in 8 contracts
Samples: 80% Coinsurance Agreement (Primerica, Inc.), Coinsurance Agreement (Primerica, Inc.), 10% Coinsurance Agreement (Primerica, Inc.)
Third Party Reinsurance. (i) The Ceding Company shall not, without the Reinsurer’s 's prior approval (which approval shall not be unreasonably or arbitrarily withheld, conditioned or delayed), (A) terminate or materially modify any existing Third Party Reinsurance or (B) purchase new third party reinsurance for the Reinsured Policies.
(ii) The Ceding Company shall use commercially reasonable efforts to maintain its existing Third Party Reinsurance from and after the Effective Date, consistent with the existing practice of the Ceding Company in effect on the Effective Date.
Appears in 2 contracts
Samples: 80% Coinsurance Agreement (Primerica, Inc.), Coinsurance Amending Agreement (Primerica, Inc.)
