Common use of Assignment of Reinsurance Recoverables Clause in Contracts

Assignment of Reinsurance Recoverables. Cedent shall irrevocably assign to Reinsurer all reinsurance recoverables relating to the Reinsured Liabilities paid by Reinsurer and all rights to collect premium, salvage, subrogation or other recoveries related thereto (collectively, the “Reinsurance Recoverables”) in accordance with the Assignment of Reinsurance Recoverables Agreement attached hereto as Exhibit B.

Appears in 4 contracts

Sources: Quota Share Reinsurance Agreement, Quota Share Reinsurance and Special Indemnity Agreement (Geovera Insurance Holdings, Ltd.), Quota Share Reinsurance Agreement (Geovera Insurance Holdings, Ltd.)