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F.__The provisions for withdrawal by ceding insurers of funds | from the trust must be clean and unconditional, subject only | to the following requirements: |
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| (1)__The ceding insurer has the right to withdraw | assets from the trust account at any time without | notice to the reinsurance vehicle subject only to | written notice to the trustee from the ceding insurer | that funds in the amount requested are due and payable | by the reinsurance vehicle; |
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| (2)__No other statement or document need be presented | in order to withdraw assets, except that the ceding | insurer may be required to acknowledge receipt of | withdrawn assets; |
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| (3)__The trust agreement described in paragraph E must | indicate that it is not subject to any conditions or | qualifications outside of the trust agreement; |
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| (4)__The trust agreement described in paragraph E may | not contain references to any other agreements or | documents; and |
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| (5)__Reference may not be made to the fact that these | funds may represent reinsurance premiums or that the | funds have been deposited for any specific purpose. |
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| G.__The trust agreement described in paragraph E must be | established for the sole use and benefit of the ceding | insurer at least to the full extent of the reinsurance | vehicle's obligations to the ceding insurer under the | contract.__In the case of more than one ceding insurer, a | separate trust agreement must be entered into with each | ceding insurer and a separate trust account must be | maintained for each ceding insurer. |
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| H.__The trust agreement described in paragraph E must | provide for the trustee to: |
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| (1)__Receive assets and hold all assets in a safe | place; |
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| (2)__Determine that all assets are in a form that the | ceding insurer or the trustee, upon direction by the | ceding insurer, may whenever necessary negotiate the | assets, without consent or signature from the | reinsurance vehicle or any other person or entity; |
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