Attorney for Service of Process. shall be the Subscribing Xxxxxxxxx's true and lawful attorney upon whom may be served any lawful process in any action, suit or proceeding instituted by or on behalf of the Company or any beneficiary arising under this Contract pursuant to the Service of Suit Article." CIRT 2022-01 Exhibit B Assumption of Liability Endorsement Effective January 1, 2022, this endorsement (the "Endorsement") forms a part of the Quota Share Reinsurance Contract No. with an Effective Date of January 1, 2022 (the "Contract") to which it is attached between the Company (as defined in the Contract) and the Subscribing Reinsurer (as defined in the Interests and Liabilities Agreement attached to and forming part of the Contract). Unless otherwise specified herein, all capitalized defined terms used in this Endorsement have the same meanings ascribed to such terms in the Contract. For value received, the Company and the Subscribing Reinsurer agree and stipulate that in the event the Insured informs the Subscribing Reinsurer in writing that the Insured has determined that (i) the Company becomes insolvent, (ii) the Company is not in material compliance with the Policy, (iii) the Company is not in material compliance with the Contract, (iv) the Company has failed to recover in a timely manner from any reinsurer under the Contract, (v) the Company has not timely paid in full any payment due to the Insured, (vi) the Company is subject to a liquidation or rehabilitation order or procedure or any similar order or procedure or (vii) amounts payable by the Subscribing Reinsurer under the Contract are subject to attachment, garnishment or other remedies of a creditor of the Company other than the Insured, (individually and collectively, a "Cut Through Triggering Event"), the Subscribing Reinsurer shall remain liable for 100% of its share of the loss payable by the Company under the attached Contract, and the Subscribing Reinsurer shall make payment thereof directly to the Insured, subject to the other applicable terms of the Contract. The parties hereto acknowledge and agree that the Insured shall be entitled, as an express third-party beneficiary, to enforce against the Subscribing Reinsurer its obligations to make payment directly to the Insured in the circumstances described in this Endorsement to the same extent as if such Insured were a party to the Contract. The parties agree that in the event that the Insured notifies the Subscribing Reinsurer of a Cut Through Triggering Event, subparagraph E(2) of Article 1 - Business Covered - of the Contract shall continue to apply. The Company and the Subscribing Reinsurer covenant and agree that the provisions of this Endorsement take precedence over any conflicting provisions or portions of the Contract and over any conflicting provisions in any other reinsurance agreement, contract or arrangement between them. The parties hereto covenant and agree that the Subscribing Reinsurer shall not be subject to duplicate liability because of any payment or payments made to the Insured under the terms hereof.
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Samples: capitalmarkets.fanniemae.com
Attorney for Service of Process. shall be the Subscribing Xxxxxxxxx's true and lawful attorney upon whom may be served any lawful process in any action, suit or proceeding instituted by or on behalf of the Company or any beneficiary arising under this Contract pursuant to the Service of Suit Article." CIRT 2022-01 06 Exhibit B Assumption of Liability Endorsement Effective January May 1, 2022, this endorsement (the "Endorsement") forms a part of the Quota Share Reinsurance Contract No. with an Effective Date of January May 1, 2022 (the "Contract") to which it is attached between the Company (as defined in the Contract) and the Subscribing Reinsurer (as defined in the Interests and Liabilities Agreement attached to and forming part of the Contract). Unless otherwise specified herein, all capitalized defined terms used in this Endorsement have the same meanings ascribed to such terms in the Contract. For value received, the Company and the Subscribing Reinsurer agree and stipulate that in the event the Insured informs the Subscribing Reinsurer in writing that the Insured has determined that (i) the Company becomes insolvent, (ii) the Company is not in material compliance with the Policy, (iii) the Company is not in material compliance with the Contract, (iv) the Company has failed to recover in a timely manner from any reinsurer under the Contract, (v) the Company has not timely paid in full any payment due to the Insured, (vi) the Company is subject to a liquidation or rehabilitation order or procedure or any similar order or procedure or (vii) amounts payable by the Subscribing Reinsurer under the Contract are subject to attachment, garnishment or other remedies of a creditor of the Company other than the Insured, (individually and collectively, a "Cut Through Triggering Event"), the Subscribing Reinsurer shall remain liable for 100% of its share of the loss payable by the Company under the attached Contract, and the Subscribing Reinsurer shall make payment thereof directly to the Insured, subject to the other applicable terms of the Contract. The parties hereto acknowledge and agree that the Insured shall be entitled, as an express third-party beneficiary, to enforce against the Subscribing Reinsurer its obligations to make payment directly to the Insured in the circumstances described in this Endorsement to the same extent as if such Insured were a party to the Contract. The parties agree that in the event that the Insured notifies the Subscribing Reinsurer of a Cut Through Triggering Event, subparagraph E(2) of Article 1 - Business Covered - of the Contract shall continue to apply. The Company and the Subscribing Reinsurer covenant and agree that the provisions of this Endorsement take precedence over any conflicting provisions or portions of the Contract and over any conflicting provisions in any other reinsurance agreement, contract or arrangement between them. The parties hereto covenant and agree that the Subscribing Reinsurer shall not be subject to duplicate liability because of any payment or payments made to the Insured under the terms hereof.. CIRT 2022-06 Exhibit C Reinsurance Trust Agreement Exhibit D CIRT Reinsurer Quarterly Financial Supplement Q1 2021 Mortgage and Catastrophe Exposures $ in 000s - GAAP Q1 2021 Q2 2021 Q3 2021 Q4 2021 Net Premiums Earned Breakout Gross Net Gross Net Gross Net Gross Net Total Mortgage Premiums (MI, GSE Risk Transfer, etc) Total Financial Premiums* (Non-Mortgage Related) Total (Whole Book) Premiums Q1 2021 Q2 2021 Q3 2021 Q4 2021 Risk-in-Force Gross Net Gross Net Gross Net Gross Net Total Mortgage Exposure (Risk-in-Force) Catastrophe PMLs 25 Yr 100 Yr 250 Yr Exposure 1 - $ or % of Capital Exposure 2 - $ or % of Capital Etc. *Examples of Financial business include financial guaranty, credit insurance and surety. CIRT Reinsurer Quarterly Financial Supplement Q1 2021 Balance Sheet $ in 000s - GAAP Assets Q1 2021 Q2 2021 Q3 2021 Q4 2021 Cash & Cash Equivalents Investments Investment Income Due & Accrued Total Assets Liabilities Q1 2021 Q2 2021 Q3 2021 Q4 2021 Loss & Loss Adjustment Expense Reserve Unearned Premiums Reserve Total Liabilities Equity Q1 2021 Q2 2021 Q3 2021 Q4 2021 Capital For Lloyd's Syndicates Only: Equity Q1 2021 Q2 2021 Q3 2021 Q4 2021 Syndicate Members' Balances Funds at Lloyd's (FAL) of Members Total Capital Available to Syndicate Description of Capital Available to Syndicate: CIRT Reinsurer Quarterly Financial Supplement Q1 2021 Income Statement $ in 000s - GAAP Revenue Q1 2021 Q2 2021 Q3 2021 Q4 2021 Gross Premiums Written Net Premiums Written Net Premiums Earned Investment Income Realized Capital Gains (Losses) Other Total Revenue Expenses Q1 2021 Q2 2021 Q3 2021 Q4 2021 Loss & Loss Adjustment Expense Incurred Underwriting Expenses Incurred Other Total Expenses Net Income Q1 2021 Q2 2021 Q3 2021 Q4 2021 Net Income (Loss) For Lloyd's Syndicates Only: Underwriting Capacity Q1 2021 Q2 2021 Q3 2021 Q4 2021 Capacity CIRT Reinsurer Quarterly Financial Supplement Q1 2021 Cash Flow Statement $ in 000s - GAAP Operations Q1 2021 Q2 2021 Q3 2021 Q4 2021 Premiums & Investment Income Losses, LAE, and Underwriting Expenses Other items Net Operating Cash Flow Investment Q1 2021 Q2 2021 Q3 2021 Q4 2021 Net Investment Cash Flow Financing & Misc. Q1 2021 Q2 2021 Q3 2021 Q4 2021 Net Capital Contributions Dividends Other Net Cash from Financing & Misc. Total Cash Flow Q1 2021 Q2 2021 Q3 2021 Q4 2021 Total Net Cash Flow Unrealized Gains (Losses) Q1 2021 Q2 2021 Q3 2021 Q4 2021
Appears in 1 contract
Samples: capitalmarkets.fanniemae.com
Attorney for Service of Process. shall be the Subscribing Xxxxxxxxx's true and lawful attorney upon whom may be served any lawful process in any action, suit or proceeding instituted by or on behalf of the Company or any beneficiary arising under this Contract pursuant to the Service of Suit Article." CIRT 2022-01 03 Exhibit B Assumption of Liability Endorsement Effective January February 1, 2022, this endorsement (the "Endorsement") forms a part of the Quota Share Reinsurance Contract No. with an Effective Date of January February 1, 2022 (the "Contract") to which it is attached between the Company (as defined in the Contract) and the Subscribing Reinsurer (as defined in the Interests and Liabilities Agreement attached to and forming part of the Contract). Unless otherwise specified herein, all capitalized defined terms used in this Endorsement have the same meanings ascribed to such terms in the Contract. For value received, the Company and the Subscribing Reinsurer agree and stipulate that in the event the Insured informs the Subscribing Reinsurer in writing that the Insured has determined that (i) the Company becomes insolvent, (ii) the Company is not in material compliance with the Policy, (iii) the Company is not in material compliance with the Contract, (iv) the Company has failed to recover in a timely manner from any reinsurer under the Contract, (v) the Company has not timely paid in full any payment due to the Insured, (vi) the Company is subject to a liquidation or rehabilitation order or procedure or any similar order or procedure or (vii) amounts payable by the Subscribing Reinsurer under the Contract are subject to attachment, garnishment or other remedies of a creditor of the Company other than the Insured, (individually and collectively, a "Cut Through Triggering Event"), the Subscribing Reinsurer shall remain liable for 100% of its share of the loss payable by the Company under the attached Contract, and the Subscribing Reinsurer shall make payment thereof directly to the Insured, subject to the other applicable terms of the Contract. The parties hereto acknowledge and agree that the Insured shall be entitled, as an express third-party beneficiary, to enforce against the Subscribing Reinsurer its obligations to make payment directly to the Insured in the circumstances described in this Endorsement to the same extent as if such Insured were a party to the Contract. The parties agree that in the event that the Insured notifies the Subscribing Reinsurer of a Cut Through Triggering Event, subparagraph E(2) of Article 1 - Business Covered - of the Contract shall continue to apply. The Company and the Subscribing Reinsurer covenant and agree that the provisions of this Endorsement take precedence over any conflicting provisions or portions of the Contract and over any conflicting provisions in any other reinsurance agreement, contract or arrangement between them. The parties hereto covenant and agree that the Subscribing Reinsurer shall not be subject to duplicate liability because of any payment or payments made to the Insured under the terms hereof.. CIRT 2022-03 Exhibit C Reinsurance Trust Agreement Exhibit D CIRT Reinsurer Quarterly Financial Supplement Q1 2021 Mortgage and Catastrophe Exposures $ in 000s - GAAP Q1 2021 Q2 2021 Q3 2021 Q4 2021 Net Premiums Earned Breakout Gross Net Gross Net Gross Net Gross Net Total Mortgage Premiums (MI, GSE Risk Transfer, etc) Total Financial Premiums* (Non-Mortgage Related) Total (Whole Book) Premiums Q1 2021 Q2 2021 Q3 2021 Q4 2021 Risk-in-Force Gross Net Gross Net Gross Net Gross Net Total Mortgage Exposure (Risk-in-Force) Catastrophe PMLs 25 Yr 100 Yr 250 Yr Exposure 1 - $ or % of Capital Exposure 2 - $ or % of Capital Etc. *Examples of Financial business include financial guaranty, credit insurance and surety. CIRT Reinsurer Quarterly Financial Supplement Q1 2021 Balance Sheet $ in 000s - GAAP Assets Q1 2021 Q2 2021 Q3 2021 Q4 2021 Cash & Cash Equivalents Investments Investment Income Due & Accrued Total Assets Liabilities Q1 2021 Q2 2021 Q3 2021 Q4 2021 Loss & Loss Adjustment Expense Reserve Unearned Premiums Reserve Total Liabilities Equity Q1 2021 Q2 2021 Q3 2021 Q4 2021 Capital For Lloyd's Syndicates Only: Equity Q1 2021 Q2 2021 Q3 2021 Q4 2021 Syndicate Members' Balances Funds at Lloyd's (FAL) of Members Total Capital Available to Syndicate Description of Capital Available to Syndicate: CIRT Reinsurer Quarterly Financial Supplement Q1 2021 Income Statement $ in 000s - GAAP Revenue Q1 2021 Q2 2021 Q3 2021 Q4 2021 Gross Premiums Written Net Premiums Written Net Premiums Earned Investment Income Realized Capital Gains (Losses) Other Total Revenue Expenses Q1 2021 Q2 2021 Q3 2021 Q4 2021 Loss & Loss Adjustment Expense Incurred Underwriting Expenses Incurred Other Total Expenses Net Income Q1 2021 Q2 2021 Q3 2021 Q4 2021 Net Income (Loss) For Lloyd's Syndicates Only: Underwriting Capacity Q1 2021 Q2 2021 Q3 2021 Q4 2021 Capacity CIRT Reinsurer Quarterly Financial Supplement Q1 2021 Cash Flow Statement $ in 000s - GAAP Operations Q1 2021 Q2 2021 Q3 2021 Q4 2021 Premiums & Investment Income Losses, LAE, and Underwriting Expenses Other items Net Operating Cash Flow Investment Q1 2021 Q2 2021 Q3 2021 Q4 2021 Net Investment Cash Flow Financing & Misc. Q1 2021 Q2 2021 Q3 2021 Q4 2021 Net Capital Contributions Dividends Other Net Cash from Financing & Misc. Total Cash Flow Q1 2021 Q2 2021 Q3 2021 Q4 2021 Total Net Cash Flow Unrealized Gains (Losses) Q1 2021 Q2 2021 Q3 2021 Q4 2021
Appears in 1 contract
Samples: capitalmarkets.fanniemae.com
Attorney for Service of Process. shall be the Subscribing Xxxxxxxxx's true and lawful attorney upon whom may be served any lawful process in any action, suit or proceeding instituted by or on behalf of the Company or any beneficiary arising under this Contract pursuant to the Service of Suit Article." CIRT 2022-01 02 Exhibit B Assumption of Liability Endorsement Effective January February 1, 2022, this endorsement (the "Endorsement") forms a part of the Quota Share Reinsurance Contract No. with an Effective Date of January February 1, 2022 (the "Contract") to which it is attached between the Company (as defined in the Contract) and the Subscribing Reinsurer (as defined in the Interests and Liabilities Agreement attached to and forming part of the Contract). Unless otherwise specified herein, all capitalized defined terms used in this Endorsement have the same meanings ascribed to such terms in the Contract. For value received, the Company and the Subscribing Reinsurer agree and stipulate that in the event the Insured informs the Subscribing Reinsurer in writing that the Insured has determined that (i) the Company becomes insolvent, (ii) the Company is not in material compliance with the Policy, (iii) the Company is not in material compliance with the Contract, (iv) the Company has failed to recover in a timely manner from any reinsurer under the Contract, (v) the Company has not timely paid in full any payment due to the Insured, (vi) the Company is subject to a liquidation or rehabilitation order or procedure or any similar order or procedure or (vii) amounts payable by the Subscribing Reinsurer under the Contract are subject to attachment, garnishment or other remedies of a creditor of the Company other than the Insured, (individually and collectively, a "Cut Through Triggering Event"), the Subscribing Reinsurer shall remain liable for 100% of its share of the loss payable by the Company under the attached Contract, and the Subscribing Reinsurer shall make payment thereof directly to the Insured, subject to the other applicable terms of the Contract. The parties hereto acknowledge and agree that the Insured shall be entitled, as an express third-party beneficiary, to enforce against the Subscribing Reinsurer its obligations to make payment directly to the Insured in the circumstances described in this Endorsement to the same extent as if such Insured were a party to the Contract. The parties agree that in the event that the Insured notifies the Subscribing Reinsurer of a Cut Through Triggering Event, subparagraph E(2) of Article 1 - Business Covered - of the Contract shall continue to apply. The Company and the Subscribing Reinsurer covenant and agree that the provisions of this Endorsement take precedence over any conflicting provisions or portions of the Contract and over any conflicting provisions in any other reinsurance agreement, contract or arrangement between them. The parties hereto covenant and agree that the Subscribing Reinsurer shall not be subject to duplicate liability because of any payment or payments made to the Insured under the terms hereof.. CIRT 2022-02 Exhibit C Reinsurance Trust Agreement Exhibit D CIRT Reinsurer Quarterly Financial Supplement Q1 2021 Mortgage and Catastrophe Exposures $ in 000s - GAAP Q1 2021 Q2 2021 Q3 2021 Q4 2021 Net Premiums Earned Breakout Gross Net Gross Net Gross Net Gross Net Total Mortgage Premiums (MI, GSE Risk Transfer, etc) Total Financial Premiums* (Non-Mortgage Related) Total (Whole Book) Premiums Q1 2021 Q2 2021 Q3 2021 Q4 2021 Risk-in-Force Gross Net Gross Net Gross Net Gross Net Total Mortgage Exposure (Risk-in-Force) Catastrophe PMLs 25 Yr 100 Yr 250 Yr Exposure 1 - $ or % of Capital Exposure 2 - $ or % of Capital Etc. *Examples of Financial business include financial guaranty, credit insurance and surety. CIRT Reinsurer Quarterly Financial Supplement Q1 2021 Balance Sheet $ in 000s - GAAP Assets Q1 2021 Q2 2021 Q3 2021 Q4 2021 Cash & Cash Equivalents Investments Investment Income Due & Accrued Total Assets Liabilities Q1 2021 Q2 2021 Q3 2021 Q4 2021 Loss & Loss Adjustment Expense Reserve Unearned Premiums Reserve Total Liabilities Equity Q1 2021 Q2 2021 Q3 2021 Q4 2021 Capital For Lloyd's Syndicates Only: Equity Q1 2021 Q2 2021 Q3 2021 Q4 2021 Syndicate Members' Balances Funds at Lloyd's (FAL) of Members Total Capital Available to Syndicate Description of Capital Available to Syndicate: CIRT Reinsurer Quarterly Financial Supplement Q1 2021 Income Statement $ in 000s - GAAP Revenue Q1 2021 Q2 2021 Q3 2021 Q4 2021 Gross Premiums Written Net Premiums Written Net Premiums Earned Investment Income Realized Capital Gains (Losses) Other Total Revenue Expenses Q1 2021 Q2 2021 Q3 2021 Q4 2021 Loss & Loss Adjustment Expense Incurred Underwriting Expenses Incurred Other Total Expenses Net Income Q1 2021 Q2 2021 Q3 2021 Q4 2021 Net Income (Loss) For Lloyd's Syndicates Only: Underwriting Capacity Q1 2021 Q2 2021 Q3 2021 Q4 2021 Capacity CIRT Reinsurer Quarterly Financial Supplement Q1 2021 Cash Flow Statement $ in 000s - GAAP Operations Q1 2021 Q2 2021 Q3 2021 Q4 2021 Premiums & Investment Income Losses, LAE, and Underwriting Expenses Other items Net Operating Cash Flow Investment Q1 2021 Q2 2021 Q3 2021 Q4 2021 Net Investment Cash Flow Financing & Misc. Q1 2021 Q2 2021 Q3 2021 Q4 2021 Net Capital Contributions Dividends Other Net Cash from Financing & Misc. Total Cash Flow Q1 2021 Q2 2021 Q3 2021 Q4 2021 Total Net Cash Flow Unrealized Gains (Losses) Q1 2021 Q2 2021 Q3 2021 Q4 2021
Appears in 1 contract
Samples: capitalmarkets.fanniemae.com
