Common use of Litigation; Claims Clause in Contracts

Litigation; Claims. The Reinsurer shall be responsible for the handling of, and all costs and expenses, including legal fees, relating to, litigation or other claims under the Novated Policies. Notwithstanding the foregoing, the Reinsurer shall have no liability for such costs and expenses to the extent they arise out of or are based on any Extra Contractual Liabilities, and to the extent that the Reinsurer incurs any such costs or expenses, the Reinsurer shall be indemnified by the Company.

Appears in 7 contracts

Samples: Assumption Reinsurance Agreement (Utg Inc), Assumption Reinsurance Agreement (Utg Inc), Assumption Reinsurance Agreement (Utg Inc)

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