Non-Payment of Premium. The Reinsurer may terminate this Contract with 30 days prior written notice, and shall have no liability hereunder, in the event the Company fails to pay any reinsurance consideration for any reason, including insolvency, within ten business days of the date such consideration is due. The Company may avoid termination by paying any and all amounts that are delinquent on or before the effective date of termination.
Appears in 6 contracts
Samples: Procentury Corp, Procentury Corp, Procentury Corp
