Common use of Authorization for Payment Clause in Contracts

Authorization for Payment. On all claims involving reinsurance, THE COMPANY must obtain OPTIMUM RE's non-binding opinion regarding the reinsurance liability prior to acknowledgment of its liability to the claimant.

Authorization for Payment. On all claims involving reinsurance, THE COMPANY must obtain OPTIMUM RE's ’s non-binding opinion regarding the reinsurance liability prior to acknowledgment of its liability to the claimant.