Contingency Fund. (A) The Contingency Fund, which is part of the insurance fund authorized under section 516(c) of the Act (7 U.S.C. § 1516(c)), is used to offset expenses incurred by FCIC to administer a Company’s book of business in the event of Company supervision, rehabilitation, insolvency or operational deficiency, or an equivalent event, as determined by FCIC, or the Agreement is terminated for cause. (B) Any amounts owed to FCIC by the Company in accordance with sections II(a)(6), II(b)(12), IV(b)(7), IV(h), and IV(j)
Appears in 20 contracts
Sources: Standard Reinsurance Agreement, Reinsurance Agreement, Reinsurance Agreement
Contingency Fund. (A) The Contingency Fund, which is part of the insurance fund authorized under section 516(c) of the Act (7 U.S.C. § 1516(c)), is used to offset expenses incurred by FCIC to administer a Company’s book of business in the event of Company supervision, rehabilitation, insolvency or operational deficiency, or an equivalent event, as determined by FCIC, or the Agreement is terminated for cause.
(B) Any amounts owed to FCIC by the Company in accordance with sections II(a)(6), II(b)(12II(b)(4), IV(b)(7), IV(hIV(g), and IV(j)IV(i)(4) will be accounted for in the Contingency Fund.
Appears in 13 contracts
Sources: Livestock Price Reinsurance Agreement, Livestock Price Reinsurance Agreement, Livestock Price Reinsurance Agreement
Contingency Fund. (A) The Contingency Fund, which is part of the insurance fund authorized under section 516(c) of the Act (7 U.S.C. § 1516(c)), is used to offset expenses incurred by FCIC to administer a Company’s book of business in the event of Company supervision, rehabilitation, insolvency or operational deficiency, or an equivalent event, as determined by FCIC, or the Agreement is terminated for cause.
(B) Any amounts owed to FCIC by the Company in accordance with sections II(a)(6II.(b)(11), II(b)(12IV.(b)(9), IV(b)(7), IV(hIV.(h), and IV(jIV.(j)
Appears in 2 contracts
Sources: Reinsurance Agreement, Reinsurance Agreement
Contingency Fund. (A) The Contingency Fund, which is part of the insurance fund authorized under section 516(c) of the Act (7 U.S.C. § 1516(c)), is used to offset expenses incurred by FCIC to administer a Company’s book of business in the event of Company supervision, rehabilitation, insolvency or operational deficiency, or an equivalent event, as determined by FCIC, or the Agreement is terminated for cause.
(B) Any amounts owed to FCIC by the Company in accordance with sections II(a)(6II.(b)(1211), II(b)(12IV.(b)(9), IV(b)(7IV.(b)(12), IV(hIV.(h), and IV(j)IV.(j)(4) will be accounted for in the Contingency Fund.
Appears in 1 contract
Sources: Reinsurance Agreement
Contingency Fund. (A) The Contingency Fund, which is part of the insurance fund authorized under section 516(c) of the Act (7 U.S.C. § 1516(c)), is used to offset expenses incurred by FCIC to administer a Company’s book of business in the event of Company supervision, rehabilitation, insolvency or operational deficiency, or an equivalent event, as determined by FCIC, or the Agreement is terminated for cause.
(B) Any amounts owed to FCIC by the Company in accordance with sections II(a)(6II.(b)(12, IV.(b)(9), II(b)(12IV.(b)(12), IV(b)(7), IV(hIV.(h), and IV(jIV.(j)
Appears in 1 contract
Sources: Reinsurance Agreement
Contingency Fund. (A) The Contingency Fund, which is part of the insurance fund authorized under section 516(c) of the Act (7 U.S.C. § 1516(c)), is used to offset expenses incurred by FCIC to administer a Company’s book of business in the event of Company supervision, rehabilitation, insolvency or operational deficiency, or an equivalent event, as determined by FCIC, or the Agreement is terminated for cause.
(B) Any amounts owed to FCIC by the Company in accordance with sections II(a)(6), II(b)(12II.(b)(12), IV(b)(7IV.(b)(79), IV(h, IV.(b)(12), IV.(h), and IV(jIV.(j)
Appears in 1 contract
Sources: Reinsurance Agreement