Guaranty Fund Assessments. The Company shall retain the obligation to pay, without any right to reimbursement from Reinsurer, all amounts arising from participation in any guaranty fund, insolvency fund, plan, pool, association or similar organization that are assessed with respect to the Existing Reinsured Contracts as a result of Premiums paid to the Company prior to the date hereof or on account of the Premiums Receivable. Reinsurer shall reimburse the Company for any and all such assessments with respect to the Reinsured Contracts as a result of Premiums paid on or after the date hereof, except to the extent included in the Premiums Receivable.
Appears in 4 contracts
Samples: Reinsurance Agreement (Separate Account a of Union Security Life Ins Co of New York), Reinsurance Agreement (Variable Account D of Union Security Insurance Co), Reinsurance Agreement (Separate Account a of First Fortis Life Ins Co)
