Common use of Threats of Cancellation Clause in Contracts

Threats of Cancellation. Except as set forth on Schedule 3.16, since December 31, 1995, no policyholder or related group of policyholders or persons or entities producing insurance business which accounted for five percent or more of the gross income of the Company and the Insurance Subsidiaries for the year ended December 31, 1995 has or have, at its or their initiative, terminated or threatened to terminate in writing its or their relationship with the Company or any such Insurance Subsidiary.

Threats of Cancellation. Except as set forth on Schedule 3.16disclosed in Section 3.18 of the Company Disclosure Schedule, since December 31, 19951996, and to the Knowledge of the Company to June 30, 1997, no policyholder or related group of policyholders policyholder Affiliates or persons Persons writing, selling, or entities producing producing, either directly or through reinsurance assumed, insurance business which that individually or in the aggregate for each such group or Person, respectively, accounted for five percent 3% or more of the gross premium or annuity income of the Company and the Insurance Subsidiaries for the year ended December 31, 1995 1996, has or have, at its or their initiative, terminated or threatened to terminate in writing its or their relationship with the Company or any such Insurance SubsidiarySubsidiaries.

Threats of Cancellation. Except as set forth on Schedule 3.16disclosed in Section 3.28 of the Company Disclosure Schedule, since December 31, 19951999, no policyholder or related policyholder, group of policyholders affiliated policyholders, or persons writing, selling, or entities producing insurance business which that individually or in the aggregate accounted for five percent 5% or more of the gross income aggregate premium considerations of the Company and the Insurance Subsidiaries taken as a whole for the year ended December 31, 1995 1999, has or have, at its or their initiative, terminated or (to the knowledge of the Company) threatened to terminate in writing its or their relationship with the Company or any such Insurance SubsidiarySubsidiaries.