Common use of Notification of Disapproval or Change in Law Clause in Contracts

Notification of Disapproval or Change in Law. The Company shall promptly notify the Reinsurer of any disapprovals, recommended changes or statements regarding the Agreement that are made by any insurance regulatory or tax authorities and of any change in law, regulation or rulings affecting the Agreement. The Reinsurer shall be allowed to make its own defense of the Agreement with said authorities.

Appears in 3 contracts

Samples: Coinsurance Agreement (United Trust Inc /Il/), Coinsurance Agreement (United Income Inc), Coinsurance Agreement (First Commonwealth Corp)

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Notification of Disapproval or Change in Law. The Company shall promptly notify the Reinsurer of any disapprovals, recommended actual or anticipated disapprovals or required changes or statements regarding the this Agreement that are made by any insurance or health regulatory authority or tax authorities taxing authority and of any change in lawthe laws, regulation regulations or rulings affecting the Agreementthis Agreement or related documents. The Reinsurer shall be allowed to make participate in the defense of this Agreement or related documents on its own defense of behalf with such authority after consultation with the Agreement with said authoritiesCompany.

Appears in 2 contracts

Samples: Reinsurance Agreement (Physicians Health Services Inc), Reinsurance Agreement (Physicians Health Services Inc)

Notification of Disapproval or Change in Law. The Company shall promptly notify the Reinsurer of any disapprovals, recommended disapprovals or required changes or statements regarding the Agreement that are made by any insurance regulatory or tax authorities and of any change in law, regulation or rulings affecting the Agreementauthorities. The Reinsurer shall be allowed to make defend the Agreement on its own defense of behalf with such authorities after consultation with the Agreement with said authoritiesCompany.

Appears in 1 contract

Samples: Mony Group Inc

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Notification of Disapproval or Change in Law. The Company shall ------------ -- ---------------------------- promptly notify the Reinsurer of any disapprovals, recommended actual or anticipated disapprovals or required changes or statements regarding the this Agreement that are made by any insurance or health regulatory authority or tax authorities taxing authority and of any change in lawthe laws, regulation regulations or rulings affecting the Agreementthis Agreement or related documents. The Reinsurer shall be allowed to make participate in the defense of this Agreement or related documents on its own defense of behalf with such authority after consultation with the Agreement with said authoritiesCompany.

Appears in 1 contract

Samples: Reinsurance Agreement (Physicians Health Services Inc)

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