Underlying Risk definition

Underlying Risk means the specified protocol listed in the Annex which is covered by the Sherlock Protocol.
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Underlying Risk. Ordinary Life Statement of whether or not a Reinsurance Intermediary is involved in this transaction: There is no Reinsurance Intermediary involved in this transaction.
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Examples of Underlying Risk in a sentence

  • F) If the Insurer fails to pay the consideration described in this Article, the Reinsurer shall have the right to terminate, from the date up to which the policy premiums have been paid, its obligation for that portion of the Underlying Risk for which consideration is in arrears.

  • In the event of the insolvency of the Insurer, the liquidator, receiver or statutory successor of the Insurer shall give written notice that a claim is pending against the Insurer with respect to policies comprising the Underlying Risk within a reasonable time after such claim is filed in the insolvency proceedings.

  • If the premium payment period for any policy comprising the Underlying Risk is other than monthly, the parties to this Agreement shall determine, by mutual consent the proper method of reporting, accounting, and transferring of balances.

  • If the premium payment period for any policy comprising the Underlying Risk is other than monthly, the parties to this Agreement shall determine, by mutual consent, the proper method of reporting, accounting, and transferring of balances.