Assumption Certificates. As promptly as possible after the receipt of any Required Assumption Approvals, the Reinsurer shall issue to each of the Policyholders of the Assumed Policies an Assumption Certificate, and provide satisfactory evidence thereof to the Company. The Assumption Certificates shall be effective on the applicable Assumption Effective Date, and shall be mailed to each Policyholder's last known address of record furnished to the Reinsurer by the Company.
Appears in 2 contracts
Sources: Coinsurance Reinsurance Agreement (Citizens Inc), Coinsurance Reinsurance Agreement (Citizens Inc)
Assumption Certificates. As promptly as possible after the receipt of any Required Assumption Approvals, the Reinsurer shall issue to each of the Policyholders of the Assumed Policies an Assumption Certificate, and provide satisfactory evidence thereof to the Company. The Assumption Certificates Certificate shall be effective on the applicable Assumption Effective Date, and shall be mailed to each Policyholder's last known address of record furnished to the Reinsurer by the Company.
Appears in 1 contract
Sources: Assumption Reinsurance Agreement (Security National Financial Corp)