Insurance Contract and Reserve Assumption Changes Sample Clauses

Insurance Contract and Reserve Assumption Changes. The Company shall not change (a) the terms and conditions of any Covered Insurance Contracts or (b) the assumptions and methods used to establish the Reserves attributable to the Covered Insurance Contracts, except as required by Applicable Law, and the Company shall notify the Reinsurer promptly upon becoming aware of the requirement to effect any such change and provide the Reinsurer the opportunity to contest such requirement.