Common use of BACKDATING Clause in Contracts

BACKDATING. The Reinsurer agrees to accept reinsurance coverage for policies backdated to save age up to six (6) months prior to the Coverage Commencement Date of this Agreement, if otherwise eligible for reinsurance under this Agreement. If a lesser time period is specified by applicable regulatory provisions, such lesser period shall control, however, no longer period shall be allowed. The Reinsurer agrees to pay allowances and the Ceding Company agrees to remit reinsurance premium due from each policy’s issue date. The Reinsurer shall have no liability for such policies prior to the later of the policy’s issue date or the Coverage Commencement Date.

BACKDATING. The Reinsurer agrees to accept reinsurance coverage for policies backdated to save age up to six (6) [*] months prior to the Coverage Commencement Date of this Agreement, if otherwise eligible for reinsurance under this Agreement. If a lesser time period is specified by applicable regulatory provisions, such lesser period shall control, however, no longer period shall be allowed. The Reinsurer agrees to pay allowances and the Ceding Company agrees to remit reinsurance premium due from each policy’s 's issue date. The Reinsurer shall have no liability for such policies prior to the later of the policy’s issue 's issued date or the Coverage Commencement Date.