Common use of Continuation of Duties Clause in Contracts

Continuation of Duties. Following a Termination Date, Manager shall perform all of the duties necessary pursuant to this Agreement in respect of the terminating Company and for the proper servicing of all Policies bound or written under this Agreement (the “MGA Run-Off Services”); provided, that at any time following a Termination Date, Reinsurer may, subject to the applicable Company’s consent, which consent shall not be unreasonably withheld or delayed, assume authority from the terminating Company or Companies in all matters relating to the MGA Run-Off Services, including, without limitation, the administration of the Policies and any Claims thereunder. The MGA Run-Off Services shall include, without limitation, accounting for Premiums and commissions, statistical filing, canceling Policies, non-renewing Policies, issuing mandatory endorsements, settling of balances, and administration of Claims.

Appears in 1 contract

Sources: Master Agreement (National General Holdings Corp.)

Continuation of Duties. Following a Termination Date, Manager shall perform all of the duties necessary pursuant to this Agreement in respect of the terminating Company and for the proper servicing of all Policies bound or written under this Agreement (the "MGA Run-Off Services"); provided, that at any time following a Termination Date, Reinsurer may, subject to the applicable Company’s 's consent, which consent shall not be unreasonably withheld or delayed, assume authority from the terminating Company or Companies in all matters relating to the MGA Run-Off Services, including, without limitation, the administration of the Policies and any Claims thereunder. The MGA Run-Off Services shall include, without limitation, accounting for Premiums and commissions, statistical filing, canceling Policies, non-renewing Policies, issuing mandatory endorsements, settling of balances, and administration of Claims.

Appears in 1 contract

Sources: Commercial Lines Master Agreement (Amtrust Financial Services, Inc.)