Common use of Follow the Fortunes Clause in Contracts

Follow the Fortunes. The Reinsurer’s liability under this Agreement shall attach simultaneously with that of the Company on and after the Effective Date, and all reinsurance with respect to which the Reinsurer shall be liable by virtue of this Agreement shall be subject in all respects to the same risks, terms, rates, conditions, interpretations, assessments, waivers, and premium adjustments, and to the same modifications, alterations and cancellations, as the respective Policies and Reinsured Liabilities, the true intent of this Agreement being that the Reinsurer shall follow the fortunes of the Company, and the Reinsurer shall be bound, without limitation, by all payments and settlements entered into by or on behalf of the Company.

Follow the Fortunes. The Reinsurer’s 's liability under this Agreement shall attach simultaneously with that of the Company on and after the Effective Date, and all reinsurance with respect to which the Reinsurer shall be liable by virtue of this Agreement shall be subject in all respects to the same risks, terms, rates, conditions, interpretations, assessments, waivers, and premium adjustments, and to the same modifications, alterations and cancellations, as the respective Policies and Reinsured Liabilities, the true intent of this Agreement being that the Reinsurer shall follow the fortunes of the Company, and the Reinsurer shall be bound, without limitation, by all payments and settlements entered into by or on behalf of the Company.

Follow the Fortunes. The Reinsurer’s liability under this Agreement shall attach simultaneously with that of the Company on and after the Effective Date, and all All reinsurance with respect to for which the Reinsurer shall be liable liable, by virtue of this Agreement Agreement, shall be subject subject, in all respects respects, to the same risksrates, terms, rates, conditions, interpretations, assessments, waivers, and premium adjustmentsthe exact proportion of premiums paid to the Company without any deduction for brokerage, and to the same modifications, alterations and cancellations, as the respective Policies and Reinsured Liabilitiesinsurance of the Company to which such reinsurance relates, the true intent of this Agreement being that the Reinsurer shall shall, in every case to which this Agreement applies and in the proportion specified herein, follow the fortunes of the Company, and the Reinsurer shall be bound, without limitation, by all payments and settlements entered into by or on behalf of the Company.