Examples of Reinsurance Policies in a sentence
However, if Life Re has given the Company ninety day written notice of a premium rate increase, the Company may elect to recapture all Reinsurance Policies affected by such increase before such increase takes effect regardless of the above requirements.
For this purpose and for purposes of Paragraph 5.1(b) hereof, funds withdrawn for payment of claims with respect to the American Reinsurance Policies shall be considered to be funds in excess of the Trust Fund Minimum Amount; provided, however, that the Agent shall provide written notice to the Trustee and the Domiciliary Commissioner prior to any such withdrawal.
In addition to all other rights and remedies available under this Agreement, either party may terminate this Agreement as to all Reinsurance Policies by providing the other party with a minimum of thirty (30) calendar days prior written notice in the event the other party commits a material breach of any provision of this Agreement, which notice shall specify the nature of such material breach.
To the extent reasonably requested by Parent, HospitalCo Parent shall, and shall cause the HospitalCo Group Members to, cooperate and assist Parent in obtaining and binding the Loss Portfolio Transfer Reinsurance Policies.
The Trustee shall hold the benefit of this Deed and any rights given to or held by the Trustee in respect of the Reinsurance Policies upon trust for the Secured Parties from and the obligations, rights and benefits vested or to be vested in the Trustee by this Deed and the Financing Documents shall be performed and exercised in accordance with the Financing Documents.
All Inward Reinsurance Policies are: (a) legal, valid, binding and in full force and effect; (b) enforceable against the Seller, and, to the Seller's knowledge, each other party thereto, in accordance with their respective terms; and (c) conform in all material respects to all Applicable Laws.
SRAL shall indemnify and keep SRSP indemnified against all claims, demands, actions and proceedings (including but not limited to claims on the Reinsurance Policies) that may be made against SRSP in respect of the liabilities and obligations assumed by SRAL under this Scheme.
On 30 September 2019, the Company entered into a transfer agreement with SRAL in order to transfer all the Company's Japan branch's reinsurance policies to SRAL, and on 1 October 2019 made a "Public Notice of the Transfer of Reinsurance Policies" ("Public Notice") in accordance with Articles 137 (1) and 210 (1) of the IBA.
Notwithstanding the assignment of the Reinsurance Policies, the Trustee hereby agrees that, until an Insurance Default exists, the Insurer shall be exclusively entitled to continue to deal with each Reinsurer in relation to all aspects of the Reinsurance Policies including without limitation receiving and sending notices from and to each Reinsurer, but excluding the right to receive payments under the Reinsurance Policies.
The Reinsurers’ contribution to the Settlement Fund, described in paragraph 2, will fully extinguish any and all of Reinsurers’ obligations under the Reinsurance Policies in connection with payment of the Settlement Fund.