Obligatory definition
Examples of Obligatory in a sentence
In addition, the Reinsurer may choose to provide Facultative Obligatory capacity greater than as specified in Schedule B.
The Reinsurer will have a reasonable amount of time, but not to exceed two (2) business days, to respond to the Ceding Company's request for a Facultative Obligatory risk.
The ceded risk is subject to the Facultative Obligatory Automatic Binding Limits and the Facultative Obligatory Automatic Issue Limits, as stated in Exhibit II.
The Reinsurer's liability for Automatic and Facultative Obligatory Reinsurance will begin simultaneously with the Ceding Company's liability.
The ceded risk is subject to the Facultative Obligatory Automatic Issue Limit is as stated in Exhibit II.
The ceded risk is subject to the Facultative Obligatory Automatic Binding Limits as stated in Exhibit II.
Obligatory tasks, conducts, services or functions that arise from the employee’s position.
The ceded risk is subject to the Facultative Obligatory Automatic Binding Limits and the Facultative Obligatory Automatic Issue Limits, as stated in Exhibits II and III.
The Reinsurer will have a reasonable amount of time, but not to exceed two (2) business days, to respond to the Ceding Company's request for Facultative Obligatory risk.
PPVUL policies will not qualify for automatic reinsurance, but may be reinsured on a Facultative Obligatory basis, as described in the ‘FACULTATIVE OBLIGATORY REINSURANCE’ section.