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Common use of Conditional Receipt Clause in Contracts

Conditional Receipt. A Policy under this treaty is not considered in force until the policy is issued. Under no circumstances will claims under the conditional receipt coverage be recognized as a claim under the provisions of this treaty.

Appears in 2 contracts

Sources: Portfolio Indemnity Reinsurance Agreement (Standard Management Corp), Automatic Indemnity Reinsurance Agreement (Mony Group Inc)

Related Clauses

  • Payment of the Purchase Price
  • Notice of Servicer Default
  • Payment of Receivables Purchase Price
  • Purchase of Receivables Upon Breach of Covenant
  • Annual Officer’s Certificate; Notice of Servicer Replacement Event

Parent Clauses

  • LIABILITY
  • Issuance of business
  • Basis of Reinsurance
  • Ceding While Retaining Less Than Full Retention
  • Minimum Facultative Submission

Sub-Clauses

  • COVERAGE FOR AUTOMATIC REINSURANCE
  • COVERAGE FOR FACULTATIVE REINSURANCE
  • DISCREPANCY WITH CONDITIONAL RECEIPT
  • Reductions and Terminations
  • Contractual Increases
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