Examples of Reinsurance Policies in a sentence
For this purpose and for purposes of Paragraph 5.1(b) hereof, funds withdrawn for payment of claims with respect to the American Reinsurance Policies shall be considered to be funds in excess of the Trust Fund Minimum Amount; provided, however, that the Agent shall provide written notice to the Trustee and the Domiciliary Commissioner prior to any such withdrawal.
Such written notice submitted to the Trustee by the Council shall include a list of all states in which Underwriters have American Reinsurance Policies in force as certified by the Council or Underwriters' U.S. Representative.
An independent audit shall be made as of the date of such termination of the Trust Fund and the Council's estimate of the outstanding liability, if any, of Underwriters for incurred and unpaid Losses (both reported and unreported and including any liability for unearned premiums) on American Reinsurance Policies issued during the term of the Trust and up to and including the date of termination.
Group Reinsurance Limit The amount of the smallest claim (other than any claim arising in respect of oil pollution) incurred by the Club or by any other party to the Pooling Agreement which would exhaust the largest limit for any type of claim (other than a claim arising in respect of oil pollution) from time to time imposed in the Group Excess Reinsurance Policies.
EIL argues that ICSOP breached its notice obligations under the Reinsurance Policies by providing notice of the Carson Claims nearly six years after ICSOP first became aware of an occurrence likely to result in a claim under the policies.
EIL’s Late Notice Defense EIL argues that it may nonetheless be relieved of any payment obligation, moving for partial summary judgment on the issue of whether EIL is entitled to a remedy at law of repudiation or avoidance of the Reinsurance Policies that would EIL from any liability for the Carson Claims.
TRANSACTION TERMS Product, Delivery Period, Contract Quantity, Contract Price and other specifics of the Product are in Appendix B.
In this respect, we welcome the decision by the UNCOPUOS Scientific and Technical Sub-Committee Working Group on Long-term Sustainability of Outer Space Activities to conclude negotiations and achieve consensus on the full set of guidelines for the long term sustainability of outer space activities by 2018 to coincide with the commemoration of the 50th Anniversary of the first United Nations Conference on the Exploration and Peaceful Uses of Outer Space (UNISPACE + 50).
In addition to all other rights and remedies available under this Agreement, either party may terminate this Agreement as to all Reinsurance Policies by providing the other party with a minimum of thirty (30) calendar days prior written notice in the event the other party commits a material breach of any provision of this Agreement, which notice shall specify the nature of such material breach.
Nevertheless, Mr. Schaff opines that EIL could, underEnglish law, repudiate the Reinsurance Policies in their entirety “if the facts found supported the extreme case of dishonest non-notification as alleged by [EIL] and if serious prejudice to [EIL] were established in consequence thereof.” Id. at ¶ 76.