Examples of Third Party Reinsurance Agreements in a sentence
In the event any material changes are made by the Reinsured to any Third Party Reinsurance Agreements without the prior approval of the Reinsurer, and such changes result in a reduction in the amount of Third Party Reinsurance Recoverables that would have been recoverable had such changes not been made, the LPT Limit shall be reduced by the amount of Third Party Reinsurance Recoverables that would have been recoverable had such amendment to a Third Party Reinsurance Agreement not been made.
The Company shall, if requested by an Assuming Reinsurer, provide reasonable assistance to the Assuming Reinsurer, at such Assuming Reinsurer's expense, in collection of all amounts due in respect of the Insurance Liabilities from Third Party Reinsurers which do not have or agree to an endorsement to Third Party Reinsurance Agreements and shall forward any funds collected to the Assuming Reinsurer.
The Reinsured and the CNA Insurers shall, if reasonably requested by the Reinsurer, cooperate with the Reinsurer, at the Reinsurer’s expense, in collection of all amounts due in respect of the Reinsured Liabilities under the Third Party Reinsurance Agreements.
On each Settlement Date, the Ceding Company shall pay to the Reinsurer the Quota Share of all premiums collected from the Policyholders on the Policies for the calendar month preceding such Settlement Date, net of any premiums paid or payable by the Ceding Company under and in accordance with Third Party Reinsurance Agreements.
Pursuant to and in accordance with the terms of the Administrative Services Agreement, the Reinsurer will provide to the Reinsured accounting and settlement reports as to the Reinsured Contracts and Third Party Reinsurance Agreements as respects the Business Covered.