Examples of Assumption Certificate in a sentence
GABC shall issue an Assumption Certificate to the Contractowners in accordance with Section 4.6 of the Restructuring Plan in substantially the form of Exhibit C within 120 days after the Closing Date to evidence GABC’s assumption of the GABC Obligations.
The Company has a reinsurance agreement with its parent company, Stewart Title Guaranty Company, whereby all transactions from dollar one are reinsured by way of an Assumption Certificate Endorsement.
However, nothing contained in this Assumption Certificate will vary, alter, waive or extend any of the terms, conditions, agreements or limitations of your Policy(ies).
The approvals of or notice filings with any Governmental Authorities that are required by applicable Law in connection with the reinsurance of the Coinsured Contracts on an assumption reinsurance basis and the Novation of the Coinsured Contracts, in each case, by the Reinsurer pursuant to this Agreement, including the approval of the Assumption Certificate and Notice of Transfer to be issued by the Reinsurer to the Policyholders of any Assumed Policies.
Approval will be required for the Assumption Reinsurance Agreement, Assumption Certificate and Notice of Transfer and related documents in various states in order for MAC to assume and novate the Coinsured Contracts.
To be eligible for the MOH option, SP must first be eligible for the FAM pilot (see Para 0101) and meet one the criteria stipulated within Chapter 5, Section I, Para 0501.
State of Domicile Approval - Item 11 of the application Provide a copy of the approval from the Applicant Company’s state of domicile, including a copy of the Merger Agreement, and sample Assumption Certificate, if any.
As promptly as possible after the receipt of any Required Assumption Approvals, the Reinsurer shall issue to each of the Policyholders of the Assumed Policies an Assumption Certificate, and provide satisfactory evidence thereof to the Company.
Upon receiving a request for assumption, City staff will provide the Owner with an assumption requirements letter that summarizes the conditions that must be fulfilled prior to the issuance of the Assumption Certificate with clear links to the associated clauses of the Subdivision Agreement.
The Assumption Certificate shall be effective on the applicable Assumption Effective Date, and shall be mailed to each Policyholder's last known address of record furnished to the Reinsurer by the Company.