Subscribing Reinsurer definition

Subscribing Reinsurer s policyholders' surplus at the beginning of any contract year has been reduced by more than 20.0% of the amount of surplus 12 months prior to that date; or
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Subscribing Reinsurer has ceased assuming new and renewal treaty reinsurance business.
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Subscribing Reinsurer s policyholders' surplus or foreign equivalent thereto after the date lines are bound for this Contract has been reduced by more than 25.0% of the amount of surplus or foreign equivalent 12 months prior to that date; or
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Examples of Subscribing Reinsurer in a sentence

  • The Subscribing Reinsurer's share in the attached Contract shall be separate and apart from the shares of the other reinsurers, and shall not be joint with the shares of the other reinsurers, it being understood that the Subscribing Reinsurer shall in no event participate in the interests and liabilities of the other reinsurers.

  • However, a Subscribing Reinsurer or its designated representatives shall not have any right of access to the records of the Company if it is not current in all undisputed payments due the Company.

  • This Article applies only to the extent a Subscribing Reinsurer does not qualify for credit with any insurance regulatory authority having jurisdiction over the Company’s reserves.

  • The Subscribing Reinsurer’s share in the attached Contract shall be separate and apart from the shares of the other reinsurers, and shall not be joint with the shares of the other reinsurers, it being understood that the Subscribing Reinsurer shall in no event participate in the interests and liabilities of the other reinsurers.

  • In no event shall the Subscribing Reinsurer participate in the interests and liabilities of the other subscribing reinsurers.

  • A state insurance department or other legal authority orders the Subscribing Reinsurer to cease writing business, or the Subscribing Reinsurer is placed under regulatory supervision.

  • The share of the Subscribing Reinsurer in the interests and liabilities of the “Reinsurer” shall be several and not joint with the share of any other subscribing reinsurer.

  • The Subscribing Reinsurer has become insolvent or has been placed into liquidation or receivership (whether voluntary or involuntary), or there have been instituted against it proceedings for the appointment of a receiver, liquidator, rehabilitator, conservator, trustee in bankruptcy, or other agent known by whatever name, to take possession of its assets or control of its operations.

  • In the event of any return of premium becoming due hereunder, the Subscribing Reinsurer shall deduct the applicable percentage of the premium from the amount of the return, and the Company or its agent should take steps to recover the Tax from the U.S. Government.

  • The Subscribing Reinsurer has retroceded its entire liability under this Contract without the Company’s prior written consent, except for retrocessions to members of the Subscribing Reinsurer’s holding company group.


More Definitions of Subscribing Reinsurer

Subscribing Reinsurer. WHOSE NAME APPEARS ON THE INTERESTS AND LIABILITIES AGREEMENT ATTACHING TO AND FORMING A PART OF THIS CONTRACT do hereby indemnify, as herein provided and specified, the SELECTIVE INSURANCE COMPANY OF AMERICA SELECTIVE WAY INSURANCE COMPANY SELECTIVE INSURANCE COMPANY OF THE SOUTHEAST SELECTIVE INSURANCE COMPANY OF SOUTH CAROLINA EXCHANGE INSURANCE COMPANY and/or any insurance affiliates which are now owned or hereafter may be acquired by The Selective Insurance Group (hereinafter either individually or collectively referred to as the "Company")
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Subscribing Reinsurer s policyholders' surplus at any time during the term of this Contract has been reduced by more than 25.0% of the amount of surplus (or stamp capacity, in respect of Lloyds Syndicates) at the date of the Subscribing Reinsurer's most recent financial statement filed with regulatory authorities and available to the public as of the inception of this Contract; or
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Subscribing Reinsurer or “Reinsurers” or “Underwriters” or whatever other term is used to designate the reinsurer or reinsurers in the various attachments to the reinsurance agreement, the term shall be understood to mean Reinsurer or Reinsurers or Underwriters or whatever other term is used to designate the reinsuring company or companies. INSOLVENCY FUNDS EXCLUSION CLAUSE This Contract excludes all liability of the Company arising by Contract, operation of law, or otherwise from its participation or membership, whether voluntary or involuntary, in any insolvency fund or from reimbursement of any person for any such liability. “Insolvency fund” includes any guaranty fund, insolvency fund, plan, pool, association, fund or other arrangement, howsoever denominated, established or governed, which provides for any assessment of or payment or assumption by any person of part or all of any claim, debt, charge, fee, or other obligation of an insurer, or its successors or assigns, which has been declared by any competent authority to be insolvent or which is otherwise deemed unable to meet any claim, debt, charge, fee or other obligation in whole or in part. Effective: January 1, 2008 2008 Wausau Property per Risk Excess Contract POOLS, ASSOCIATIONS & SYNDICATES EXCLUSION CLAUSE
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Subscribing Reinsurer. WHOSE NAME APPEARS ON THE INTERESTS AND LIABILITIES AGREEMENT ATTACHING TO AND FORMING A PART OF THIS CONTRACT do hereby indemnify, as herein provided and specified, SELECTIVE INSURANCE COMPANY OF AMERICA SELECTIVE WAY INSURANCE COMPANY SELECTIVE INSURANCE COMPANY OF THE SOUTHEAST SELECTIVE INSURANCE COMPANY OF SOUTH CAROLINA SELECTIVE INSURANCE COMPANY OF NEW YORK and/or any insurance affiliates which are now owned or hereafter may be acquired by The Selective Insurance Group. (hereinafter referred to collectively or individually as the "Company") PREAMBLE -------- The Reinsurers hereby reinsure the excess liability of the Company resulting from losses occurring during the term of this Contract, covering anywhere in the world, under all of its policies, other than policies or portions thereof hereinafter excluded, subject to the following conditions:
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Subscribing Reinsurer wherever it is used herein, shall refer to Odyssey Reinsurance Corporation, Wilmington, Delaware. It Is Understood and Agreed that the Company consents to the foregoing transfer of rights, interests, liabilities and obligations from the Assignor to the Assignee, and further releases the Assignor from all unfulfilled liabilities and obligations which have arisen under this Agreement and all liabilities and obligations which may arise in the future under this Agreement. In Witness Whereof, the parties hereto by their respective duly authorized representatives have executed this Addendum as of the dates undermentioned at: Indianapolis, Indiana,this _____ day of ___________________199___. __________________________________________________ Meridian Mutual Group Paris, France,this _____ day of __________________________ 199___. __________________________________________________ Cie Transcontinentale de Reassurance New York, New York,this _____ day of _____________________ 199___. __________________________________________________ Odyssey Reinsurance Corporation
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Subscribing Reinsurer s policyholders' surplus or foreign equivalent thereto at any time after the date that lines are bound or at any time during the term of this Contract has been reduced by more than 25.0% of the amount of surplus or foreign equivalent at the date of the Subscribing Reinsurer's most recent financial statement filed with regulatory authorities and available to the public as of the date lines are bound for this Contract; or
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Related to Subscribing Reinsurer

  • The Subscribing Reinsurer s share in the attached Contract shall be separate and apart from the shares of the other reinsurers, and shall not be joint with the shares of the other reinsurers, it being understood that the Subscribing Reinsurer shall in no event participate in the interests and liabilities of the other reinsurers.

  • Reinsurer has the meaning set forth in the preamble.

  • 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.

  • Contractholder means any entity that is a party to a Contract with a Participating Company (as defined below).

  • Participating Pharmacy means a pharmacy that has entered into a prescription drug plan agreement with the Pharmacy Benefit Manager listed on your identification card.

  • DSHS means the Department of State Health Services.

  • Accountholder means any accountholder with a Clearing System which at the Determination Date has credited to its securities account with such Clearing System one or more Entries in respect of a Global Note, except for any Clearing System in its capacity as an accountholder of another Clearing System;

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

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

  • 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;

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

  • Subscriber means the subscriber to the Memorandum.

  • Settlement Class Member means each person and entity who or which is a member of the Settlement Class.

  • DOI means the United States department of interior.

  • Settlement Administrator means any Person that the Court approves to perform the tasks necessary to provide notice of the Settlement to the Class and to otherwise administer the Settlement Fund, as described further herein.

  • Authorised Participant Agreement means, in respect of an Authorised Participant, the authorised participant agreement (as amended, supplemented, novated and/or replaced from time to time) entered into by the Issuer and such Authorised Participant.

  • HMRC means Her Majesty’s Revenue & Customs.

  • Seller’s Broker means Xxxxxxx & Xxxxxxxxx.

  • 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.

  • Policyholder means the adult person named in the Schedule who has concluded the Policy with the Company.

  • Relevant Agreement means an agreement benefiting persons who receive educational instruction at the School.