Administration of Policies. FLIC, or its designee, shall administer and service all Policies reinsured hereunder and perform all accounting for such Policies commencing on the Effective Date of this Agreement.
Administration of Policies. 3 - i - 62 TABLE OF CONTENTS (cont.)
Administration of Policies. 10 Section 5.2. Reports.................................................................. 10 Section 5.3. Tax Treatment............................................................ 11 Section 5.4. DAC Tax Reimbursement.................................................... 11 Section 5.5. Reserves................................................................. 13 Section 5.6. Crediting Rates.......................................................... 14 Section 5.7. Third Party Reinsurance.................................................. 15 ARTICLE 6 - ERRORS..................................................................................... 16
Administration of Policies. Pursuant to the Transition Services Agreement, Reinsured shall be responsible for the administration and service of the Policies reinsured hereunder. The parties acknowledge that Reinsured has concurrently herewith delegated effective on the date of the termination of the Transition Services Agreement such responsibilities to Reinsurer pursuant to the Administrative Services Agreement, and the parties each consent to such delegation.
Administration of Policies. 4.2.1. The Broker shall be entitled to request quotes, either directly or on an online quoting platform developed by King Price;
Administration of Policies. The Cedant will keep all books and records in connection with the Policies and reinsurance as would reasonably be expected of a prudent insurance company and will keep records sufficient to reasonably demonstrate the liability of the Reinsurer under this Agreement. The Cedant will administer the Policies and perform all administration, accounting and reporting for the Policies. The Cedant will perform the administration of all claims arising out of the Policies and will have the sole responsibility for the settlement of claims with its claimants. In addition to the inspection rights described in Article XVII - Inspection, the Reinsurer shall have the right to review proofs of Claim payments due or paid which the Cedant shall promptly furnished to the Reinsurer upon request.
Administration of Policies. The Ceding Company will administer the Policies and will perform all accounting for the Policies and will keep records sufficient to reasonably demonstrate the liability of the Reinsurer under this Agreement. With respect to underwriting, claims and other administration practices for the Policies, the Ceding Company shall act (i) at its own expense (except as otherwise provided herein); (ii) in good faith and with reasonable care; (iii) consistent in all material respects with its then current practice governing the servicing of its and its affiliates’ business generally; and (iv) in accordance in all material respects with the terms of the Policies and Applicable Law.
Administration of Policies. (a) The Company will have the ultimate authority for the administration of the Policies. Notwithstanding the foregoing, the Company will administer the Policies pursuant to servicing standards mutually agreed upon by the Company and the Reinsurer, and in no event shall the Company administer the Policies in any manner that is not in accordance with all Requirements of Law and with standard industry custom, except to the extent that the failure to be in accordance with such Requirements of Law and standard industry custom would not have a Material Adverse Effect.
