NOTICE TO REINSUREr Clause Samples

The "Notice to Reinsurer" clause requires the primary insurer (cedent) to promptly inform the reinsurer about specific events or claims that may trigger the reinsurer's obligations under the reinsurance agreement. Typically, this involves providing written notice within a set timeframe when a claim exceeds a certain threshold or when circumstances arise that could lead to a significant loss. By ensuring timely communication, this clause allows the reinsurer to monitor potential liabilities, participate in claim management if necessary, and helps prevent disputes over late notification.
NOTICE TO REINSUREr. In any such event, the liquidator, receiver or statutory successor of the Cedent shall give the Reinsurer written notice of the pendency of each claim against the Cedent on a Policy within a reasonable time after each such claim is filed in the insolvency, liquidation or rehabilitation proceeding.
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NOTICE TO REINSUREr. In any such event, the liquidator shall give the Reinsurer written notice of the pendency of each claim against the Cedent on a Policy within a reasonable time after each such claim is filed in the insolvency, liquidation or rehabilitation proceeding.
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NOTICE TO REINSUREr. In the event of the insolvency of the Ceding Company, the liquidator, receiver or statutory successor of the Ceding Company shall give written notice to the Reinsurer of the pendency of a claim against the Ceding Company on the Reinsured Policy within a reasonable time after such claim is filed in the insolvency proceeding. During the pendency of such claim, the Reinsurer may investigate such claim and interpose, at its own expense, in the proceeding where such claim is to be adjudicated, any defenses which it deems available to the Ceding Company or its liquidator, receiver or statutory successor. Such expense shall be chargeable, subject to court approval, against the Ceding Company as part of the expense of liquidation to the extent of a proportionate share of the benefit which may accrue to the Ceding Company as a result of the defense undertaken by the Reinsurer. Where two or more assuming insurers are involved in the same claim and a majority in interest elect to interpose one or more defenses to such claim, the expense shall be apportioned in accordance with the terms of this Agreement as though such expense had been incurred by the Ceding Company.
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NOTICE TO REINSUREr. The liquidator, receiver or statutory successor of the Company shall give the Reinsurer written notice of the pendency of a claim for a benefit against the Company on any Reinsured Policy within a reasonable time after such claim is filed in the insolvency proceeding. During the pendency of any such claim, the Reinsurer may investigate such claim and interpose in the Company's name (or in the name of the liquidator, receiver or statutory successor) in the proceeding in which such claim is to be adjudicated any defense or defenses that the Reinsurer may deem available to the Company or its liquidator, receiver or statutory successor. The expense thus incurred by the Reinsurer shall be chargeable, subject to court approval, against the Company as a part of the expense of liquidation to the extent of a proportionate share of the benefit that may accrue to the Company solely as a result of the defense undertaken by the Reinsurer.
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NOTICE TO REINSUREr. The Ceding Company shall give prompt notice to the Reinsurer of any Legal Proceeding made or brought against the Ceding Company after the Closing Date arising under or in connection with the Coinsured Policies, to the extent known to it and not made against or served on the Reinsurer as administrator hereunder within such time as to permit timely response by the Reinsurer, and in no event more than ten (10) business days after receipt of notice thereof, and shall promptly furnish to the Reinsurer copies of all pleadings in connection therewith.
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Related to NOTICE TO REINSUREr

  • Notice to Insurer The Fund will promptly make known in writing to Insurer the Board of Directors' determination of the existence of a material irreconcilable conflict, a description of the facts that give rise to such conflict and the implications of such conflict.

  • Notice to Union The Employer will give the Union written notice of technological change at least three (3) months prior to the date the change is to be effected. During this period the parties will meet to discuss the steps to be taken to assist Employees who could be affected.

  • Notice to NASD In the event any person or entity (regardless of any NASD affiliation or association) is engaged to assist the Company in its search for a merger candidate or to provide any other merger and acquisition services, the Company will provide the following to the NASD and EBC prior to the consummation of the Business Combination: (i) complete details of all services and copies of agreements governing such services; and (ii) justification as to why the person or entity providing the merger and acquisition services should not be considered an "underwriter and related person" with respect to the Company's initial public offering, as such term is defined in Rule 2710 of the NASD's Conduct Rules. The Company also agrees that proper disclosure of such arrangement or potential arrangement will be made in the proxy statement which the Company will file for purposes of soliciting stockholder approval for the Business Combination.

  • Notice to the Union At the time notice of displacement is issued, a copy of the notice shall be sent to the Union ▇▇▇▇▇▇▇.

  • Notice to Tenant After notice is given to Tenant by Lender that the Landlord is in default under the Note and the Security Instrument and that the rentals under the Lease should be paid to Lender pursuant to the terms of the assignment of leases and rents executed and delivered by Landlord to Lender in connection therewith, Tenant shall thereafter pay to Lender or as directed by the Lender, all rentals and all other monies due or to become due to Landlord under the Lease and Landlord hereby expressly authorizes Tenant to make such payments to Lender and hereby releases and discharges Tenant from any liability to Landlord on account of any such payments.