Common use of WARRANTIES AND/OR SPECIAL CONDITIONS CLAUSE Clause in Contracts

WARRANTIES AND/OR SPECIAL CONDITIONS CLAUSE. The parties to this agreement hereby warrant and confirm that they are licensed in good standing in their respective regulatory jurisdictions and that they are authorized to carry on the business of Insurance or Reinsurance for the line of business contemplated by this Agreement. The parties also warrant and confirm that they have the necessary authority to enter in to and execute this Agreement, and that both have accepted the terms and conditions of the FAA.

WARRANTIES AND/OR SPECIAL CONDITIONS CLAUSE. The parties to this agreement Agreement hereby warrant and confirm that they are licensed in good standing in their respective regulatory jurisdictions and that they are authorized to carry on the business of Insurance insurance or Reinsurance reinsurance for the line of business contemplated by this Agreement. The parties also warrant and confirm that they have the necessary authority to enter in to and execute this Agreement, and that both have accepted the terms and conditions of the FAA.