Indemnity Reinsurance. This Agreement is an indemnity coinsurance agreement solely between the Ceding Company and the Reinsurer, and the performance of the obligations of each Party under this Agreement shall be rendered solely to the other Party. The Ceding Company shall be and shall remain the only Party hereunder that is liable to any insured, Policyholder, claimant or beneficiary under any policy reinsured hereunder.
Indemnity Reinsurance. This Agreement is solely between the Ceding Company and the Reinsurer and shall not create any legal relationship whatsoever between the Reinsurer and any Person other than the Ceding Company.
Indemnity Reinsurance. Unless and until an Assumed Retrocession Agreement is novated to the Reinsurer or another Affiliate of the Parties, the Ceding Company shall be and shall remain the only Party hereunder that is liable to the reinsured under such Assumed Retrocession Agreement. Unless and until a Reinsured Contract (other than an Assumed Reinsured Contract) becomes a Novated Contract, the Ceding Company shall be and shall remain the only Party hereunder that is liable to any insured, policyholder, claimant or beneficiary under such Reinsured Contract.
Indemnity Reinsurance. This Agreement of indemnity reinsurance is solely between the Reinsured and the Reinsurer. Performance of the obligations of each party under the Agreement shall be rendered solely to the other party. In the event the Reinsured's liability to make any payment is changed due to a modification or cancellation of a TCA, the Reinsurer's liability shall also be changed in the same manner and to the same extent that the Reinsured's liability has been changed. Claim settlements made by the Reinsured in good faith, including compromises, shall be unconditionally binding on the Reinsurer.
Indemnity Reinsurance. Each Insurance Contract shall be reinsured on a 100% quota share indemnity reinsurance basis, and the Insurance Subsidiaries shall cede, and Zenith shall accept and assume, and indemnify the Insurance Subsidiaries for, 100% of the Insurance Liabilities (as defined in the Purchase Agreement) under such Insurance Contracts.
Indemnity Reinsurance. Effective as of the Effective Time, the Company shall cede to the Reinsurer, and the Reinsurer shall assume from the Company on an indemnity reinsurance basis, 100% of the Policy Liabilities under all Dental Policies (including those Dental Policies that are identified in Schedule 2.01 attached hereto and made a part hereof) which the Reinsurer has not for any reason (including the lack of any required approval or consent of a party to a Dental Policy) as of the Effective Time assumed by novation (each such Dental Policy being referred to herein as a "Non-Novated Dental Policy"). Notwithstanding the foregoing, the term "Non-Novated Dental Policy" shall not include any Dental Policy from and after the date of its assumption by novation at any time by the Reinsurer.
Indemnity Reinsurance. 13 Section 2.5. Territory.....................................................................................................13 Section 2.6. Reinstatements...........................................................................................13 Section 2.7. Non-Guaranteed Elements .......................................................................13 Section 2.8.
Indemnity Reinsurance. A. As of July 1, 2002, Xxxxxx hereby cedes to Trinity, and Trinity hereby accepts and reinsures on an indemnity reinsurance basis a 100% quota share participation in the Gross Liability of Xxxxxx in each Ceded Policy that is not assumed pursuant to Section II.B; provided, however, that such indemnity reinsurance shall automatically terminate and Trinity shall have no further liability under this Article III with respect to such Reinsured Policy as of the Assumption Effective Date for its assumption pursuant to Section II.B; and provided, further, that in the event that the assumption of any Ceded Policy is null and void pursuant to the terms and conditions of the last sentence of Section II.B, then such Ceded Policy shall continue to be reinsured by Trinity pursuant to this Section III.A and the other terms of this Agreement. Each Ceded Policy reinsured on an indemnity reinsurance basis pursuant to this Section III.A shall be referred to herein as a "Reinsured Policy."
Indemnity Reinsurance. As of the Closing Date, Buyer shall indemnity reinsure the Coinsured Liabilities in respect of the Covered Group Policies on a one hundred percent (100%) coinsurance basis pursuant to an Indemnity Reinsurance Agreement (in the form attached hereto as Exhibit D, the “Indemnity Reinsurance Agreement”), which Seller and Buyer shall enter into at the Closing. From and after the Closing Date, Buyer and or its Affiliate shall provide to Seller all necessary administrative and other services with respect to the Covered Group Policies pursuant to the Administration Agreement that Seller and Buyer shall enter into at the Closing (in the form attached hereto as Exhibit E, the “Administration Agreement”).
Indemnity Reinsurance. Each of the Insurance Subsidiaries hereby cedes, and Zenith hereby accepts and assumes, and agrees to indemnify each of the Insurance Subsidiaries for, one hundred percent (100%) of the Insurance Liabilities under the Insurance Contracts issued by such Insurance Subsidiary in the event that such Insurance Subsidiary shall be declared insolvent under applicable insurance law pursuant to court order; PROVIDED, HOWEVER, that the amount due from Zenith shall be limited to the portion of the Insurance Liabilities remaining unpaid under the terms and conditions of such Insurance Contracts.
