Common use of Organization and Standing of Reinsurer Clause in Contracts

Organization and Standing of Reinsurer. Reinsurer is a corporation duly organized, validly existing and in good standing under the laws of the State of Illinois and has all requisite power and authority to carry on the business and operation of Reinsurer as now being and as heretofore conducted.

Appears in 2 contracts

Samples: Indemnity Reinsurance Agreement (Vericity, Inc.), Indemnity Reinsurance Agreement (Vericity, Inc.)

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Organization and Standing of Reinsurer. Reinsurer is a corporation duly organized, validly existing and in good standing under the laws of the State of Illinois and has all requisite power and authority to carry on cut the business and operation of Reinsurer as now being and as heretofore conducted.

Appears in 1 contract

Samples: Indemnity Reinsurance Agreement (Vericity, Inc.)

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Organization and Standing of Reinsurer. Reinsurer is a corporation duly organized, organized and validly existing and in good standing under the laws of the State of Illinois and has all requisite power and authority to carry on the business and operation of Reinsurer as now being and as heretofore conductedIllinois.

Appears in 1 contract

Samples: Coinsurance and Administration Agreement (Conseco Inc)

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