LIABILITY OF REINSURER. The Reinsurer shall be liable to the Ceding Company in the same manner as the Ceding Company is liable on the particular policy form(s) reinsured under this Agreement to the extent such terms and conditions are not contrary to the terms and conditions of this Agreement.
LIABILITY OF REINSURER. Reinsurer's liability for reinsurance under this Agreement shall follow that of Ceding Company in every case, and be subject in all respects to the general stipulations, terms, clauses, conditions, waivers and modifications of the Variable Annuity Contracts. In no event shall Reinsurer have any reinsurance liability unless the Variable Annuity Contract issued by Ceding Company is in force and the underwriting and issuance of coverage by Ceding Company constitutes the doing of business in a state of the United States of America or in territories of the United States of America in which Ceding Company is properly licensed and authorized to do business.
LIABILITY OF REINSURER. The liability of the Reinsurer with respect to each cession shall commence obligatorily and simultaneously with that of the Company according to the terms, conditions and limitations hereinafter set forth. The Reinsurer shall benefit from all reductions of losses by compromise, Third Party Reinsurance or otherwise.
LIABILITY OF REINSURER. 10 3.3 Regulatory Filings and Approvals ................................... 11
LIABILITY OF REINSURER. Except as specifically limited by the Quota Share and by paragraph 5.04, the Reinsurer shall be liable to the Company for benefits in the same manner and in the same amounts as the Company is liable for benefits to the owners, annuitants or beneficiaries of the Policies.
LIABILITY OF REINSURER. (9) ARTICLE VI - OVERSIGHTS ........................................ (10) Restoration ................................................ (10)
LIABILITY OF REINSURER. Reinsurer shall be responsible for and shall ---------------------- indemnify and hold Company harmless from Extra Contractual Liability based on acts or omissions of Reinsurer, its officers, employees, agents or other representatives, including without limitation liability arising from the settlement of claims by Reinsurer pursuant to this Agreement.
LIABILITY OF REINSURER. For automatic reinsurances, REINSURER's liability will begin at the same time as the Ceding Company's liability. For facultative submissions, REINSURER's liability will begin at the same time as the Ceding Company's liability if all the requirements of Articles I and II have been met.
LIABILITY OF REINSURER. 10 3.3 Regulatory Filings and Approvals . . . . . . . . . . . . . . . 11
LIABILITY OF REINSURER. 1.1 (i) Company will cede and Reinsurer will assume 100% of the Net Liability in the $250,000 in excess of $250,000 layer (the “Property Cession”) arising under or as a result of all commercial property insurance policies written by the Company and (ii) Company will cede and Reinsurer will assume 100% of the Net Liability in the $350,000 in excess of $250,000 layer (the “Casualty Cession”) arising under or as a result of all commercial casualty insurance policies written by the Company (the insurance business covered under the Property Cession and Casualty Cession shall be collectively referred to as “Subject Business”). All such insurance policies issued under the Subject Business shall be called the “Policies”. Reinsurer’s liability with respect to each Loss under this Agreement will commence obligatorily and simultaneously with that of the Company, subject to this Agreement’s terms.
