Common use of Conditional Coverage Clause in Contracts

Conditional Coverage. Subject to the provisions of this Article 4 and all other provisions of this Agreement not inconsistent with this Article, the Reinsurer will provide the limited indemnity reinsurance coverage in an instance where "conditional receipt" coverage, temporary insurance coverage or other similar coverage ("Conditional Coverage") is made available to the Ceding Company's applicant (the "Applicant") prior to the issuance of a Reinsured Policy during the lifetime of the applicant, subject to the following conditions: a) Subject to the Coverage Limits, the amount of coverage will be equal to the Reinsurer's proportionate share of the coverage amount stated on the conditional receipt or for the temporary coverage. b) To be eligible for coverage under this Article, the Ceding Company must provide the Reinsurer with all relevant forms, rules, requirements and practices applicable to such coverage (the "Conditional Rules"), the Conditional Rules are found to be acceptable to the Reinsurer, with such approval not being unreasonably withheld and the Applicant's coverage was provided in accordance with the Conditional Rules in all material respects. c) If there are material changes in the Conditional Rules, no coverage is available under this Article during the period from the date of such change until the date the Ceding Company has provided the Reinsurer with updated copies and the Reinsurer has agreed that they are acceptable, with such agreement not being unreasonably withheld.

Conditional Coverage. Subject to the provisions of this Article 4 and all other provisions of this Agreement not inconsistent with this Article, the Reinsurer will provide the limited indemnity reinsurance coverage in an instance where "“conditional receipt" ” coverage, temporary insurance coverage or other similar coverage ("“Conditional Coverage"”) is made available to the Ceding Company's ’s applicant (the "“Applicant"”) prior to the issuance of a Reinsured Policy during the lifetime of the applicant, subject to the following conditions: a) Subject to the Coverage Limits, the amount of coverage will be equal to the Reinsurer's ’s proportionate share of the coverage amount stated on the conditional receipt or for the temporary coverage. b) To be eligible for coverage under this Article, the Ceding Company must provide the Reinsurer with all relevant forms, rules, requirements and practices applicable to such coverage (the "“Conditional Rules"”), the Conditional Rules are found to be acceptable to the Reinsurer, with such approval not being unreasonably withheld and the Applicant's ’s coverage was provided in accordance with the Conditional Rules in all material respects. c) If there are material changes in the Conditional Rules, no coverage is available under this Article during the period from the date of such change until the date the Ceding Company has provided the Reinsurer with updated copies and the Reinsurer has agreed that they are acceptable, with such agreement not being unreasonably withheld.