Opinion ID: 808087
Heading Depth: 2
Heading Rank: 4

Heading: As a condition precedent, the

Text: Company shall promptly provide the Reinsurer with a definitive statement of loss on any claim or occurrence reported to the Company and brought under this Certificate which involves a death, serious injury or lawsuit. The Company shall also notify the Reinsurer promptly of any claim or occurrence where the Company has created a loss reserve equal to (50) percent of the Company‘s retention. While the Reinsurer does not undertake to investigate or defend claims or suits, it shall nevertheless have the right and shall be given the opportunity, with the full cooperation of the Company, to associate counsel at its own expense and to join the Company and its representatives in the defense and control of any claim, suit or proceeding involving this Certificate of Reinsurance. Paragraph E explains how a loss settlement affects Constitution, how PEIC presents reinsurance bills, and how Constitution pays them. It provides: