Common use of GOOD FAITH; FINANCIAL SOLVENCY Clause in Contracts

GOOD FAITH; FINANCIAL SOLVENCY. CEDING COMPANY agrees that all matters with respect to this Agreement require its utmost good faith. REINSURER or its representatives have the right at any reasonable time to inspect CEDING COMPANY's records relating to this Agreement. Each party represents and warrants to the other party that it is solvent on a statutory basis in all states in which it does business or is licensed. Each party agrees to promptly notify the other if it is subsequently financially impaired. REINSURER has entered into this Agreement in reliance upon CEDING COMPANY's representations and warranties. CEDING COMPANY affirms that it has disclosed and will continue to disclose to REINSURER all matters material to this Agreement and each reinsurance cession. Examples of such matters are a change in underwriting or issue practices or philosophy, a change in underwriting management personnel, or a change in CEDING COMPANY's ownership or control.

GOOD FAITH; FINANCIAL SOLVENCY. CEDING COMPANY The Ceding Company agrees that all matters with respect to this Agreement require its utmost good faith. REINSURER The Reinsurer or its representatives have the right at any reasonable time to inspect CEDING COMPANYthe Ceding Company's records relating to this Agreement. Each party represents and warrants to the other party that it is solvent on a statutory basis in all states in which it does business or is licensed. Each party agrees to promptly notify the other if it is subsequently financially impaired. REINSURER The Reinsurer has entered into this Agreement in reliance upon CEDING COMPANYthe Ceding Company's representations and warranties. CEDING COMPANY The Ceding Company affirms that it has disclosed and will continue to disclose to REINSURER all matters material to this Agreement and each reinsurance cession. Examples of such matters are a change in underwriting or issue practices or philosophy, a change in underwriting management personnel, or a change in CEDING COMPANYthe Ceding Company's ownership or control.

GOOD FAITH; FINANCIAL SOLVENCY. CEDING COMPANY agrees that all matters with respect to this Agreement require its utmost good faith. REINSURER or its representatives have the right at any reasonable time to inspect CEDING COMPANY's records relating to this Agreement. Each party represents and warrants to the other party that it is solvent on a statutory basis in all states in which it does business or is licensed. Each party agrees to promptly notify the other if it is subsequently financially impaired. REINSURER has entered into this Agreement in reliance upon CEDING COMPANY's representations and warranties. CEDING COMPANY affirms that it has disclosed and will continue to disclose to REINSURER all matters material to this Agreement and each reinsurance cession. Examples of such matters are a change in underwriting or issue practices or philosophy, a change in underwriting management personnel, or a change in CEDING COMPANYCompany's ownership or control.

GOOD FAITH; FINANCIAL SOLVENCY. CEDING COMPANY The Ceding Company agrees that all matters with respect to this Agreement require its utmost good faith. REINSURER The Reinsurer or its representatives have the right at any reasonable time to inspect CEDING COMPANYthe Ceding Company's records relating to this Agreement. Each party represents and warrants to the other party that it is solvent on a statutory basis in all states in which it does business or is licensed. Each party agrees to promptly notify the other if it is subsequently financially impaired. REINSURER The Reinsurer has entered into this Agreement in reliance upon CEDING COMPANYthe Ceding Company's representations and warranties. CEDING COMPANY The Ceding Company affirms that it has disclosed and will continue to disclose to REINSURER the Reinsurer all matters material to this Agreement and each reinsurance cession. Examples of such matters are a change in underwriting or issue practices or philosophy, a change in underwriting management personnel, or a change in CEDING COMPANYthe Ceding Company's ownership or control.

GOOD FAITH; FINANCIAL SOLVENCY. CEDING COMPANY agrees that all matters with respect to this Agreement require its utmost good faith. REINSURER SECURITY or its representatives have the right at any reasonable time to inspect CEDING COMPANY's records relating to this Agreement. Each party represents and warrants to the other party that it is solvent on a statutory basis in all states in which it does business or is licensed. Each party agrees to promptly notify the other if it is subsequently financially impaired. REINSURER SECURITY has entered 02711916 URT97 (7/1/97) into this Agreement in reliance upon CEDING COMPANY's representations and warranties. CEDING COMPANY affirms that it has disclosed and will continue to disclose to REINSURER all matters material to this Agreement and each reinsurance cession. Examples of such matters are a change in underwriting or issue practices or philosophy, a change in underwriting management personnel, or a change in CEDING COMPANY's ownership or control.

GOOD FAITH; FINANCIAL SOLVENCY. CEDING COMPANY The Ceding Company agrees that all matters with will respect to this Agreement require its utmost good faith. REINSURER The Reinsurer or its representatives have the right at any reasonable time to inspect CEDING COMPANYthe Ceding Company's records relating to this Agreement. Each party represents and warrants to the other party that it is solvent on a statutory basis in all states in which it does business or is licensed. Each party agrees to promptly notify the other if it is subsequently financially impaired. REINSURER The Reinsurer has entered into this Agreement in reliance upon CEDING COMPANYthe Ceding Company's representations and warranties. CEDING COMPANY The Ceding Company affirms that it has disclosed and will continue to disclose to REINSURER the Reinsurer all matters material to this Agreement and each reinsurance cession. Examples of such matters are a change in underwriting or issue practices or philosophy, a change in underwriting management personnel, or a change in CEDING COMPANYthe Ceding Company's ownership or control.

GOOD FAITH; FINANCIAL SOLVENCY. The CEDING COMPANY agrees that all matters with respect to this Agreement require its utmost good faith. The REINSURER or its representatives have the right at any reasonable time to inspect the CEDING COMPANY's records relating to this Agreement. Each party represents and warrants to the other party that it is solvent on a statutory basis in all states in which it does business or is licensed. Each party agrees to promptly notify the other if it is subsequently financially impaired. The REINSURER has entered into this Agreement in reliance upon the CEDING COMPANY's representations and warranties. The CEDING COMPANY affirms that it has disclosed and will continue to disclose to the REINSURER all matters material to this Agreement and each reinsurance cession. Examples of such matters are a change in underwriting or issue practices or philosophy, a change in underwriting management personnel, or a change in the CEDING COMPANY's ownership or control.