Representations and Warranties of Reinsurer Clause Samples
The "Representations and Warranties of Reinsurer" clause sets out the specific statements and assurances that the reinsurer makes to the other party in a reinsurance agreement. These typically include confirmations about the reinsurer’s authority to enter into the contract, its financial stability, compliance with applicable laws, and the accuracy of information provided. By clearly stating these representations and warranties, the clause helps ensure that the ceding insurer can rely on the reinsurer’s qualifications and disclosures, thereby reducing the risk of disputes or misunderstandings regarding the reinsurer’s ability to fulfill its obligations.
POPULAR SAMPLE Copied 1 times
Representations and Warranties of Reinsurer. The Reinsurer hereby represents and warrants to the Company as of the Effective Time:
Representations and Warranties of Reinsurer. Reinsurer represents and warrants that:
Representations and Warranties of Reinsurer. 12 Section 8A.01 Authority............................................... 12
Representations and Warranties of Reinsurer. Reinsurer represents and warrants to Ceding Company that the matters set forth in this Article III are true and correct as of the date hereof and as of the Recapture Effective Time and the Recapture Closing:
Representations and Warranties of Reinsurer. Reinsurer hereby represents and warrants to Ceding Company, as of the date hereof and the Closing Date (or if another date is specified in the representation or warranty, on such date), as follows:
Representations and Warranties of Reinsurer. Reinsurer makes the following representations and warranties, all as of the date this Agreement is executed:
Representations and Warranties of Reinsurer. Reinsurer hereby represents and warrants to Ceding Company as follows:
Representations and Warranties of Reinsurer a. The Reinsurer is duly organized, validly existing and in good standing under the laws of the state of Utah, and has all necessary corporate power and authority to entitle it to use its name, to own, lease or otherwise hold its properties and assets, to carry on its business as currently conducted, and to perform its obligations.
b. The execution, delivery and performance of this Agreement by the Reinsurer will not (i) violate or conflict with any provision of its Certificate of Incorporation or by-laws; (ii) violate or result in any breach of or constitute a default under, or give rise to a right of modification, termination or cancellation of, or accelerate the performance required by the terms of, as the case may be, any contract, lease, license, mortgage, note, or any agreement to which the Reinsurer is bound; or (iii) violate or conflict with any law, regulation, code, judgment, order, writ, injunction or decree of any court, governmental body, or administrative agency by which the Reinsurer may be bound.
c. The Reinsurer has full corporate power and authority to execute, deliver and perform its obligations under this Agreement, and has taken all necessary corporate and other action to authorize the ceding of the Policies under the terms of this Agreement.
d. This Agreement has been duly executed and delivered by the Reinsurer and constitutes a valid and legally binding obligation of the Reinsurer, enforceable in accordance with its terms.
Representations and Warranties of Reinsurer. Subject to and as qualified by the matters set forth in the Reinsurer Disclosure Schedule (subject to Section 9.3(g)), Reinsurer represents and warrants to Cedent as of the date hereof and as of the Closing Date as follows:
Representations and Warranties of Reinsurer. Reinsurer hereby represents and warrants to Cedant as of the Contract Date and as of the Closing Date (but as of no other dates unless so expressly stated) as follows: