Common use of Assumption of Management Clause in Contracts

Assumption of Management. At the Effective Time, CNA shall transfer to IGF and IGF shall assume the management responsibilities of the entire MPCI and Crop Hail books of business of CNA (the "Business"). Management responsibilities shall include, but are not limited to, sales, underwriting, loss adjustment, claims processing, agent (representative) relations and contracting, policy generation, policy, form and rate development and filing and all other activities incidental to and necessary for the management of the Business as is contemplated hereby. Subject to the Service Agreements, at the Effective Time CNA shall cease management responsibility and control of management decisions relating to the Business.