Examples of Coinsured Contracts in a sentence
Ashcroft, 320 F.Supp.2d 957 (2004) 14 Planned Parenthood of Southeastern Pa. v.
The Reinsurer shall, from and after the Reinsurance Closing Date, use commercially reasonable best efforts to effect the Novation of the Coinsured Contracts as contemplated by this Agreement at the Reinsurer’s sole cost and expense and in compliance with all applicable Laws.
Upon the terms and subject to the conditions and other provisions of this Agreement, on the Reinsurance Closing Date and effective as of the Reinsurance Effective Date, the Ceding Company hereby cedes on an assumption reinsurance basis to the Reinsurer, and the Reinsurer hereby accepts and agrees to reinsure on an assumption reinsurance basis, the Coinsured Contracts.
Cedent, on its own initiative, shall not change (a) the terms and conditions of any Coinsured Contracts or (b) the assumptions and methods used by Cedent to establish the General Account Reserves.
The Coinsured Contracts are not eligible for recapture by the Company.
The approvals of or notice filings with any Governmental Authorities that are required by applicable Law in connection with the reinsurance of the Coinsured Contracts on an assumption reinsurance basis and the Novation of the Coinsured Contracts, in each case, by the Reinsurer pursuant to this Agreement, including the approval of the Assumption Certificate and Notice of Transfer to be issued by the Reinsurer to the Policyholders of any Assumed Policies.
The parties may agree to continue to retain the arbitrator in these circumstances.
Subject to the foregoing, the Ceding Company may not during the Term, without the written approval of the Reinsurer, withdraw from, surrender, or otherwise relinquish (i) any Permits, or (ii) any policy forms or rates, in each case, required by applicable Law to conduct the business and operations of the Coinsured Contracts as contemplated in this Agreement.
This Agreement shall apply to Coinsured Contracts covering lives and risks wherever resident or situated.
All System for Electronic Rates & Forms Filings (“SERFF”) connected with the Coinsured Contracts and the Reinsurer’s administration thereof shall be submitted using the Reinsurer’s instance of SERFF.