I&L Agreement definition

I&L Agreement means the interests and liabilities agreement evidencing a Reinsurer's interests and liabilities with respect to its quota share of 100% of the risk ceded by the Insurer pursuant to the Quota Share Contract, and into which the Quota Share Contract is incorporated upon the signing by the (a) Reinsurer of the I&L Agreement, and (b) Insurer of both the Quota Share Contract and the I&L Agreement.
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Examples of I&L Agreement in a sentence

  • Any amendment or modification to the Policy made by the Company and the Original Insured shall be effective when made unless it can be demonstrated by the Reinsurer that such amendment or modification would have a material adverse effect on the Reinsurer's obligations and liabilities under this Contract, the I&L Agreement and the Endorsement.

  • Any award of money damages in such proceeding shall be consistent with the Reinsurer's pro rata share of liability as set forth in this Contract, the I&L Agreement and the Endorsement.

  • For the avoidance of doubt, upon a Reinsurer's signing of the I&L Agreement by a duly authorized officer of such Reinsurer, it shall be and is thereby bound to (i) this Contract (including the Policy and the Endorsement), and (ii) the I&L Agreement (including the Endorsement, this Contract and the Policy).

  • This Contract and its Attachment 1 shall form part of, and is hereby expressly incorporated into, each I&L Agreement for each Reinsurer as Exhibit C.

  • Each Endorsement and Trust Agreement is attached to each Reinsurer's I&L Agreement as Exhibits A and B, respectively.

  • Any dispute arising out of or in connection with this Contract, the Policy, the I&L Agreement, the Endorsement and the Trust Agreement (the "Reinsurance Documents") shall be settled in a proceeding brought in the United States District Court for the Eastern District of Virginia.

  • Each Reinsurer shall execute an Interests and Liabilities Agreement ("I&L Agreement") evidencing its interests and liabilities under this Contract.

  • Notwithstanding its incorporation into the I&L Agreement, the Endorsement is also directly incorporated into and forms a part of this Contract and the Policy by this reference.

  • This Contract, as incorporated into the I&L Agreement as set forth in Article 1 - BUSINESS COVERED & QUOTA SHARE CESSION; CONTRACTUAL FRAMEWORK, is solely between the Company and the Reinsurer.

  • Neither this Contract nor any I&L Agreement may be amended, supplemented or otherwise modified without the prior written consent of the Original Insured.