Common use of Loss Settlements Clause in Contracts

Loss Settlements. A. When so requested in writing, the Company shall afford the Reinsurer or its representatives an opportunity to be associated with the Company, at the expense of the Reinsurer, in the defense of any claim, suit or proceeding involving this Contract, and the Company and the Reinsurer shall cooperate in every respect in the defense of such claim, suit or proceeding. Notwithstanding the above, the Company alone and at its full discretion shall adjust, settle or compromise all claims and losses.

Loss Settlements. A. When so requested in writing, the Company shall afford the Reinsurer or its representatives an opportunity to be associated with the Company, at the expense of the Reinsurer, in the defense of any claim, suit or proceeding involving this Contract, and the Company and the Reinsurer shall cooperate in every respect in the defense of such claim, suit or proceeding. Notwithstanding the above, the Company alone and at its full discretion shall adjust, settle or compromise all claims and losses.