Captive Reinsurer definition

Captive Reinsurer means any Lender or affiliate thereof that reinsures mortgage insurance pursuant to a Captive Mortgage Reinsurance Arrangement.
Captive Reinsurer means a reinsurer that is:
Captive Reinsurer means an insurance or reinsurance entity created and owned, directly or indirectly, by one or more industrial, commercial or financial entities or associations, the purpose of which is to provide insurance or reinsurance cover for risks of the entity or entities to which it belongs, or for entities connected to those entities.

Examples of Captive Reinsurer in a sentence

  • Obtaining reinsurance from a Captive Reinsurer on any new mortgage transactions after the date of entry of this Order.

  • The potential exposure to loss of a Captive Reinsurer’s parent bank for the Captive Reinsurer’s reinsurance obligation will not exceed the bank’s investment in the Captive Reinsurer.

  • Eliminating these essential protections by terminating the Consent Decrees would have strong negative impacts and would be contrary to the public interest.

  • Limitations on the Liability of the Bank and the Captive Reinsurer Each Captive Reinsurer’s performance under its individual Retrocession Agreement with the Cayman Segregated Portfolio Reinsurer will be secured by assets in a Trust Account to be established with a United States bank acceptable to both [ Co. ] and the Captive Reinsurer.

  • The Cayman Segregated Portfolio Reinsurer’s reinsurance obligation will be made without recourse to the Captive Reinsurer.

  • The existence of the Cayman Segregated Portfolio Reinsurer, however, will not alter the nature of the activities conducted by the Captive Reinsurer, which are the same types of mortgage reinsurance activities that have been approved by the OCC.

  • Under the Retrocession Agreement, the Cayman Segregated Portfolio Reinsurer would retrocede to the Captive Reinsurer all the risk ceded pursuant to the Certificate and substantially all the premium ceded pursuant to the Certificate (the difference to be sufficient to cover the Cayman Segregated Portfolio Reinsurer’s expenses of operation).

  • We find that Nextel did not act anticompetitively or in collusion with any other bidders in the 800 MHz auction.

  • Before we may reach the merits, we must determine whether we have jurisdiction to review the Board’s Initial Order pursuant to either of the County’s petitions for review.

  • A specific proposal by a national bank’s Captive Reinsurer to enter a mortgage reinsurance agreement with the Cayman Segregated Portfolio Reinsurer to reinsure mortgage insurance on loans originated or purchased by the bank or one of its affiliates would be subject to the OCC’s review under 12 C.F.R. § 5.34.


More Definitions of Captive Reinsurer

Captive Reinsurer means a reinsurance undertaking–
Captive Reinsurer means for any Captive Financing, the captive reinsurance company formed in connection with such Captive Financing.
Captive Reinsurer means Ide8 Limited, an exempted limited company incorporated in Bermuda and registered as a Class 2 insurer under the Bermuda Insurance Act 1978 as amended; “Captive Surplus Ratio” means the an amount equal to the ratio of (1) the excess of (a) the aggregate gross premiums written by the Captive Reinsurer during the trailing 12-month period ending on the Closing Date, over (b) the aggregate amount of

Related to Captive Reinsurer

  • Reinsurance means the activity consisting in accepting risks ceded by an insurance undertaking or by another reinsurance undertaking or, in the case of the association of underwriters known as Lloyd's, the activity consisting in accepting risks, ceded by any member of Lloyd's, by an insurance or reinsurance undertaking other than the association of underwriters known as Lloyd's;

  • Reinsurer has the meaning set forth in the preamble.

  • Reinsurance Agreement means any agreement, contract, treaty or other arrangement whereby one or more insurers, as reinsurers, assume liabilities under insurance policies or agreements issued by another insurance or reinsurance company or companies.

  • variable insurance contract means a contract of life insurance under which the interest of the purchaser is valued for purposes of conversion or surrender by reference to the value of a proportionate interest in a specified portfolio of assets.

  • Ceding Company has the meaning set forth in the preamble.

  • Blanket insurance policy means a group policy covering a defined class of

  • Reinsurers shall be understood to mean “Reinsurers”, “Underwriters” or whatever other term is used in the attached reinsurance document to designate the reinsurer or reinsurers.

  • Insurance Contract means a contract (other than an Annuity Contract) under which the issuer agrees to pay an amount upon the occurrence of a specified contingency involving mortality, morbidity, accident, liability, or property risk.

  • Reinsurance intermediary means a reinsurance intermediary-broker or a reinsurance intermediary-manager.

  • Reinsurance Agreements means any agreement, contract, treaty, certificate or other arrangement by which any Insurance Subsidiary agrees to transfer or cede to another insurer all or part of the liability assumed or assets held by it under one or more insurance, annuity, reinsurance or retrocession policies, agreements, contracts, treaties, certificates or similar arrangements. Reinsurance Agreements shall include, but not be limited to, any agreement, contract, treaty, certificate or other arrangement that is treated as such by the applicable Department.

  • Retrospective review means a review of medical necessity conducted after services have been provided to a patient, but does not include the review of a claim that is limited to an evaluation of reimbursement levels, veracity of documentation, accuracy of coding, or adjudication for payment.

  • In-Orbit Insurance means, with respect to any Satellite (or, if the entire Satellite is not owned by the Issuer or any Restricted Subsidiary, as the case may be, the portion of the Satellite it owns or for which it has risk of loss), insurance (subject to a right of co-insurance in an amount up to $150.0 million) or other contractual arrangement providing for coverage against the risk of loss of or damage to such Satellite (or portion, as applicable) attaching upon the expiration of the launch insurance therefor (or, if launch insurance is not procured, upon the initial completion of in-orbit testing) and attaching, during the commercial in-orbit service of such Satellite (or portion, as applicable), upon the expiration of the immediately preceding corresponding policy or other contractual arrangement, as the case may be, subject to the terms and conditions set forth in this Indenture.

  • Insurance Contracts means the insurance or annuity policies and contracts, together with all binders, slips, certificates, endorsements and riders thereto, issued or entered into by any Insurance Company prior to the Closing.

  • Administrative Review means any decision making process of the director requested by a party aggrieved with an action taken under these rules except the hearing process described in OAR 436-001.

  • Reinsured Policies has the meaning assigned to it in the Reinsurance Agreement.

  • Cash Value Insurance Contract means an Insurance Contract (other than an indemnity reinsurance contract between two insurance companies) that has a Cash Value greater than $50,000.

  • R&W Policy means a representation and warranty insurance policy for the benefit of Buyer obtained in connection with this Agreement on the terms described on Schedule 1.01 of the Buyer Disclosure Schedule.

  • Fidelity Bond A fidelity bond to be maintained by the Servicer pursuant to Section 4.12.

  • Retrocession Agreement means any agreement, contract, treaty or other arrangement whereby one or more insurers or reinsurers, as retrocessionaires, assume liabilities of reinsurers under a Reinsurance Agreement or other retrocessionaires under another Retrocession Agreement.

  • R&W Insurer means AIG Specialty Insurance Company.

  • reinsurance undertaking means reinsurance undertaking as defined in point (4) of Article 13 of Directive 2009/138/EC;

  • R&W Insurance Policy means the representations and warranties insurance policy issued to Buyer in connection with the transactions contemplated hereby.

  • Ceding Commission shall have the meaning specified in Section 5.2.

  • Insurance Companies means the companies with whom the Insurance Policies are held.

  • Insurance Policy With respect to any Mortgage Loan included in the Trust Fund, any insurance policy, including all riders and endorsements thereto in effect, including any replacement policy or policies for any Insurance Policies.

  • Insurance group means the persons that comprise an insurance holding company system.