COMMON UNDERSTANDING. The Cedents and the Reinsurer hereby acknowledge and agree that this Agreement has been negotiated and entered into in good faith and at arms length. The Cedents and the Reinsurer hereby acknowledge and agree that the terms and conditions of this Agreement are fair and reasonable. Further, the Cedents and the Reinsurer acknowledge that this Agreement reflects the complete agreement between the parties with regard to the reinsurance of the Reinsured Policies.
Appears in 2 contracts
Sources: Coinsurance Agreement (Penn Treaty American Corp), Coinsurance Agreement (Penn Treaty American Corp)