Offset of Payments. All monies due to either the Company or the Reinsurer under this Agreement may be offset against each other, dollar for dollar, regardless of any insolvency of either party.
Appears in 1 contract
Sources: Reinsurance Agreement (Security National Financial Corp)
Offset of Payments. All monies moneys due to either the Company or the Reinsurer under this Agreement may shall be offset against each other, dollar for dollar, regardless of any insolvency of either party, or the appointment of any conservator, liquidator, receiver, statutory successor of the Company, or other such entity.
Appears in 1 contract
Sources: Reinsurance Agreement (Acap Corp)