UNAUTHORIZED REINSURANCE. A. This Article applies only to the extent a Subscribing Reinsurer does not qualify for credit with any insurance regulatory authority having jurisdiction over the Company’s reserves. B. The Company agrees, in respect of its Policies or bonds falling within the scope of this Contract, that when it files with its insurance regulatory authority, or sets up on its books liabilities as required by law, it shall forward to the Reinsurer a statement showing the proportion of such liabilities applicable to the Reinsurer. The “Reinsurer’s Obligations” shall be defined as follows:
Appears in 20 contracts
Sources: Personal Automobile Quota Share Reinsurance Contract (Lemonade, Inc.), Automobile Quota Share Reinsurance Contract (Lemonade, Inc.), Whole Account Quota Share Reinsurance Contract (Lemonade, Inc.)
UNAUTHORIZED REINSURANCE. A. This Article applies only to the extent a Subscribing Reinsurer who does not qualify for full credit with any insurance regulatory authority having jurisdiction over the Company’s reserves.
B. The Company agrees, in respect of its Policies or bonds falling within the scope of this Contract, that when it files with its insurance regulatory authority, or sets up on its books liabilities as required by law, it shall will forward to the Reinsurer a statement showing the proportion of such liabilities applicable to the Reinsurer. The “Reinsurer’s Obligations” shall be defined as follows:
Appears in 2 contracts
Sources: Quota Share Reinsurance Contract (Homeowners of America Holding Corp), Excess of Loss Reinsurance Contract (Scpie Holdings Inc)
UNAUTHORIZED REINSURANCE. A. This Article applies only to the extent a Subscribing Reinsurer does not qualify for credit with any insurance regulatory authority having jurisdiction over the Company’s 's reserves.
B. The Company agrees, in respect of its Policies or bonds falling within the scope of this ContractAgreement, that when it files with its insurance regulatory authority, or sets up on its books liabilities as required by law, it shall forward to the Reinsurer a statement showing the proportion of such liabilities applicable to the Reinsurer. The “Reinsurer’s 's Obligations” shall be defined as follows:
Appears in 1 contract
Sources: Excess of Loss Reinsurance Agreement (United Insurance Holdings Corp.)
UNAUTHORIZED REINSURANCE. A. This Article applies only to the extent a Subscribing Reinsurer who does not qualify for full credit with any insurance regulatory authority having jurisdiction over the Company’s reserves.
B. The Company agrees, in respect of its Policies or bonds falling within the scope of this Contract, that when it files with its insurance regulatory authority, or sets up on its books liabilities as required by law, it shall forward to the Reinsurer a statement showing the proportion of such liabilities applicable to the Reinsurer. The “Reinsurer’s Obligations” shall be defined as follows:
Appears in 1 contract
Sources: Workers’ Compensation Quota Share Reinsurance Contract (Patriot Risk Management, Inc.)