Assumption Certificates. Section 3.1 Assumption Certificates. 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 assumption represented by the Assumption Certificates is subject to the terms and conditions of this Agreement, the Restructuring Plan and any defenses that are now or may hereafter become available to ELNY, any PGA, the New York Article 75 GA or GABC.
Assumption Certificates. 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. The Assumption Certificates 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.
Assumption Certificates. 4 ARTICLE IV POLICY ADMINISTRATION . . . . . . . . . . . . . . . . . . . . . . . . 5 ARTICLE V CONSIDERATION . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6
Assumption Certificates. As soon as possible after the Assumption Dates, and in any event within the time prescribed by applicable insurance laws, the appropriate Reinsurer shall mail to the last known address of each policyowner or contractowner of the Policies an Assumption Certificate in a form substantially similar to the form attached hereto as Exhibit F or in such other form as may be required by the insurance regulatory authority of the state in which the policyowner or contractowner resides.
Assumption Certificates. 5 3.5 Reserves........................................................................................ 5 3.6
Assumption Certificates. No later than thirty (30) days after Assumption Date, or within such other timeframe as required by applicable Law, NHIC shall prepare and issue to each policyholder a Certificate of Assumption in substantial conformity with Exhibit A. It is understood that Exhibit A is attached hereto is for illustrative purposes only and that there may be variations of this Exhibit on a state by state basis if state regulatory approval of the assumption is required. NHIC shall send such Certificates of Assumption and other assumption related information to Policyholders and certificate holders by first class mail or as otherwise required by applicable Law, at NHIC’s cost and expense.
Assumption Certificates. Promptly after the Assumption Effective Date, HCPCI shall issue to each of the policyholders of the Assumed Policies an Assumption Certificate.
Assumption Certificates. The Reinsurer hereby agrees, as soon as practical following the Reinsurance Closing Date, and in any event within thirty (30) days following the Reinsurance Closing Date, to issue a written Assumption Certificate to each policyholder or contract holder under the Reinsured Policies, in substantially the form set forth in Exhibit A attached hereto, specifying that such policy or contract has been assumed by the Reinsurer and the effective date of such assumption.
Assumption Certificates. As of the Assumption Effective Date and subject to the receipt of all Required Assumption Approvals, the Assuming Insurer shall issue to each of the Policyholders of the Assumed Policies an Assumption Certificate, and provide satisfactory evidence thereof to the Company. The Assumption Certificate shall be effective on the Assumption Effective Date, and shall be mailed to each Policyholder's last known address of record furnished to the Assuming Insurer by the Company.
Assumption Certificates. After receipt of all Required Approvals from regulatory authorities, the Assumption Reinsurer, with the cooperation and assistance of the Company, shall prepare for mailing to the South Dakota Policyholders assumption certificates substantially in the form attached hereto as Schedule II (the “Assumption Certificates”), subject to changes required by applicable state law or required by any state insurance regulator as a condition for approval of the mailing of the Assumption Certificates to such Policyholders. The Company shall cooperate and assist the Assumption Reinsurer in the preparation and mailing of the Assumption Certificates as provided herein. The Assumption Certificates shall be mailed to the applicable Policyholders on dates mutually agreed upon by the Company and the Assumption Reinsurer and, to the extent required by applicable law, shall be reviewed by and found acceptable to the appropriate regulatory authorities prior to mailing.
