Common use of INSOLVENCY FUNDS EXCLUSION CLAUSE Clause in Contracts

INSOLVENCY FUNDS EXCLUSION CLAUSE. This Agreement excludes all liability of the Company arising by contract, operation of law, or otherwise, from its participation or membership, whether voluntary or involuntary, in any insolvency fund. "Insolvency fund" includes any guaranty fund, insolvency fund, plan, pool, association, fund, or other arrangement, howsoever denominated, established, or governed, that provides for any assessment of or payment or assumption by the Company of part or all of any claim, debt, charge, fee, or other obligation of an insurer, or its successors or assigns, which has been declared by any competent authority to be insolvent, or which is otherwise deemed unable to meet any claim, debt, charge, fee, or other obligation in whole or in part.

Appears in 2 contracts

Samples: Excess of Loss Retrocession Agreement (Platinum Underwriters Holdings LTD), Excess of Loss Retrocession Agreement (Platinum Underwriters Holdings LTD)

AutoNDA by SimpleDocs

INSOLVENCY FUNDS EXCLUSION CLAUSE. This Agreement excludes all liability of the Company arising arising, by contract, operation of law, law or otherwise, from its participation or membership, whether voluntary or involuntary, in any insolvency fund. "Insolvency fund" Fund” includes any guaranty fund, insolvency fund, plan, pool, association, fund, fund or other arrangement, howsoever denominated, established, established or governed, that which provides for any assessment of or payment or assumption by the Company of part or all of any claim, debt, charge, fee, or other obligation of an insurer, or its successors or assigns, which has been declared by any competent authority to be insolvent, or which is otherwise deemed unable to meet any claim, debt, charge, fee, fee or other obligation in whole or in part.

Appears in 1 contract

Samples: Affirmative Insurance Company (Affirmative Insurance Holdings Inc)

INSOLVENCY FUNDS EXCLUSION CLAUSE. This Agreement excludes all liability of the Company arising by contract, operation of law, or otherwise, otherwise from its participation or membership, whether voluntary or involuntary, in any insolvency fundfund or from reimbursement of any person for any such liability. "Insolvency fund" includes any guaranty fund, insolvency fund, plan, pool, association, fund, fund or other arrangement, howsoever however denominated, established, established or governed, that which provides for any assessment of or payment or assumption by the Company any person of part or all of any claim, debt, charge, fee, or other obligation of an insurer, or its successors or assigns, which has been declared by any competent authority to be insolvent, insolvent or which is otherwise deemed unable to meet any claim, debt, charge, fee, fee or other obligation in whole or in part.

Appears in 1 contract

Samples: Reinsurance Agreement (Safety Insurance Group Inc)

INSOLVENCY FUNDS EXCLUSION CLAUSE. This Agreement excludes all liability of the Company arising Pioneer arising, by contract, operation of law, or otherwise, from its participation or membership, whether voluntary or involuntary, in any insolvency fund. "Insolvency fund" includes any guaranty fund, insolvency fund, plan, pool, association, fund, fund or other arrangement, howsoever denominated, established, established or governed, that ; which provides for any assessment of or payment or assumption by the Company of part or all of any claim, debt, charge, fee, or other obligation of an insurer, or its successors or assigns, which has been declared by any competent authority to be insolvent, or which is otherwise deemed unable to meet any claim, debt, charge, fee, fee or other obligation in whole or in part.

Appears in 1 contract

Samples: Interest and Liabilities Contract (Donegal Group Inc)

INSOLVENCY FUNDS EXCLUSION CLAUSE. This Agreement Contract excludes all liability of the Company arising by contract, operation of law, or otherwise, from its participation or membership, whether voluntary or involuntary, in any insolvency fund. "Insolvency fund" includes any guaranty fund, insolvency fundfind, plan, pool, association, fund, fund or other arrangement, howsoever denominated, established, established or governed, that ; which provides for any assessment of or payment or assumption by the Company of part or all of any claim, debt, charge, fee, or other obligation of an insurer, or its successors or assigns, which has been declared by any an competent authority to be insolvent, or which is otherwise deemed unable to meet any claim, debt, charge, fee, fee or other obligation in whole or in part.

Appears in 1 contract

Samples: First Coinsured (Trenwick Group Inc)

INSOLVENCY FUNDS EXCLUSION CLAUSE. This Agreement Contract excludes all liability liablity of the Company arising arising, by contract, operation of law, law or otherwise, from its participation or membership, whether voluntary or involuntary, in any insolvency fund. "Insolvency fund" Fund” includes any guaranty fund, insolvency fund, plan, pool, association, fund, fund or other arrangement, howsoever denominated, established, established or governed, that which provides for any assessment of or payment or assumption by the Company of part or all of any claim, debt, charge, fee, or other obligation of an insurer, or its successors or assigns, which has been declared by any competent authority to be insolvent, or which is otherwise deemed unable to meet any claim, debt, charge, fee, fee or other obligation in whole or in part.

Appears in 1 contract

Samples: Affirmative Insurance Holdings Inc

AutoNDA by SimpleDocs

INSOLVENCY FUNDS EXCLUSION CLAUSE. This Agreement excludes all liability of the Company arising Delaware arising, by contract, operation of law, or otherwise, from its participation or membership, whether voluntary or involuntary, in any insolvency fund. "Insolvency fund" includes any guaranty fund, insolvency fund, plan, pool, association, fund, fund or other arrangement, howsoever denominated, established, established or governed, that ; which provides for any assessment of or payment or assumption by the Company of part or all of any claim, debt, charge, fee, or other obligation of an insurer, or its successors or assigns, which has been declared by any competent authority to be insolvent, or which is otherwise deemed unable to meet any claim, debt, charge, fee, fee or other obligation in whole or in part.

Appears in 1 contract

Samples: Interest and Liabilities Contract (Donegal Group Inc)

INSOLVENCY FUNDS EXCLUSION CLAUSE. This Agreement excludes all liability of the Company arising by contract, operation of law, or otherwise, otherwise from its participation or membership, whether voluntary or involuntary, in any insolvency fundfund or from reimbursement of any person for any such liability. "Insolvency fund" includes any guaranty fund, insolvency fund, plan, pool, association, fund, fund or other arrangement, howsoever denominated, established, established or governed, that which provides for any assessment of or payment or assumption by the Company any person of part or all of any claim, debt, charge, fee, or other obligation of an insurer, or its successors or assigns, which has been declared by any competent authority to be insolvent, insolvent or which is otherwise deemed unable to meet any claim, debt, charge, fee, fee or other obligation in whole or in part.

Appears in 1 contract

Samples: Umbrella Liability Quota Share Reinsurance Agreement (Safety Insurance Group Inc)

INSOLVENCY FUNDS EXCLUSION CLAUSE. This Agreement excludes all liability of the Company arising by contract, operation of law, or otherwise, from its participation or membership, whether voluntary or involuntary, in any insolvency fund. "Insolvency fund" includes any guaranty fund, insolvency fund, plan, pool, association, fund, or other arrangement, howsoever denominated, established, or governed, that provides for any assessment of or payment or assumption by the Company of part or all of any claim, debt, charge, fee, or other obligation of an insurer, or its successors or assigns, which has been declared by any competent authority to be insolvent, or which is otherwise deemed unable to meet any claim, debt, charge, fee, or other obligation in whole or in part.

Appears in 1 contract

Samples: Excess of Loss Retrocession Agreement (Platinum Underwriters Holdings LTD)

Time is Money Join Law Insider Premium to draft better contracts faster.