Adequate Assurance. In the event of Insolvency Proceedings involving the Company, the Reinsurer’s future performance is conditioned on receiving adequate assurance of future performance, as defined in the Uniform Commercial Code, §2-206, and the Official Comments thereunder.
Appears in 4 contracts
Samples: Assumption Reinsurance Agreement, Assumption Reinsurance Agreement (Utg Inc), Assumption Reinsurance Agreement (Utg Inc)
Adequate Assurance. In the event of Insolvency Proceedings involving the Company, the Reinsurer’s 's future performance is conditioned on receiving adequate assurance of future performance, as defined in the Uniform Commercial Code, §Section 2-206, and the Official Comments thereunder.
Appears in 3 contracts
Samples: Assumption Reinsurance Agreement (United Trust Inc /Il/), Assumption Reinsurance Agreement (United Income Inc), Assumption Reinsurance Agreement (First Commonwealth Corp)
Adequate Assurance. In the event of Insolvency Proceedings involving the Company, the Reinsurer’s 's future performance is conditioned on receiving adequate assurance of future performance, as defined in the Uniform Commercial Code, §2-206, and the Official Comments thereunder.
Appears in 3 contracts
Samples: Coinsurance Agreement (United Trust Inc /Il/), Coinsurance Agreement (United Income Inc), Coinsurance Agreement (First Commonwealth Corp)
Adequate Assurance. In the event of Insolvency Proceedings involving the Company, the Reinsurer’s 's future performance is conditioned on receiving adequate assurance of future performance, as defined in the Uniform Commercial Code, §2-206, and the Official Comments thereunder.
Appears in 1 contract
