Assumption Reinsurance Agreement. BCBSMo shall, and RIT shall cause HALIC to, sign on the date hereof the Assumption Reinsurance Agreement (the "Assumption Reinsurance Agreement") in the form attached hereto as Exhibit B and shall consummate the Transfer and Assumption Transaction in accordance with the terms of the Assumption Reinsurance Agreement.
Assumption Reinsurance Agreement. Assumption reinsurance agreement" means a contract that both:
A. Transfers insurance obligations or risks of existing or in-force contracts of insurance from a transferring insurer to an assuming insurer; and [PL 1993, c. 603 (NEW).]
B. Is intended to effect a novation of the transferred contract of insurance with the result that the assuming insurer becomes directly liable to the policyholders of the transferring insurer and the transferring insurer's insurance obligations or risks under the contracts are extinguished. [PL 1993, c. 603 (NEW).] [PL 1993, c. 603 (NEW).]
Assumption Reinsurance Agreement. At the Closing, MONY and AUSA Life shall execute and deliver to each other the Assumption Reinsurance Agreement in substantially the form of Exhibit A hereto.
Assumption Reinsurance Agreement. This Assumption Reinsurance Agreement dated as of the date set forth below, is made and entered into by and between COMBINED UNDERWRITERS LIFE INSURANCE COMPANY, a Texas stock life insurance company (hereinafter referred to as the "Company") and TEXAS INTERNATIONAL LIFE INSURANCE COMPANY, a Texas stock life insurance company (hereinafter referred to as the "Reinsurer").
Assumption Reinsurance Agreement. In the event that UWS enters into the U-Care Joint Venture, U-Care's insurance business will be transferred to HNOW, an indirect wholly owned subsidiary of UWS, by means of an Assumption Reinsurance Agreement. Under the Assumption Reinsurance Agreement, to be executed by HMOW and U-Care, U-Care will cede its insurance business to HMOW, and HMOW will reinsure such business.
Assumption Reinsurance Agreement. This Assumption Reinsurance Agreement to be entered into between the Company and the Reinsurer.
Assumption Reinsurance Agreement. Assumption reinsurance agreement" means a contract that both:
Assumption Reinsurance Agreement. Section 1.02(a) Attorney General..........................................Recital D
Assumption Reinsurance Agreement. Assumption Reinsurance Agreement means the Assumption Reinsurance Agreement to be entered into by the Parties simultaneously with this Agreement and attached hereto as Exhibit 1.5.
Assumption Reinsurance Agreement. This Assumption Reinsurance Agreement (the "Assumption Agreement"), is made and entered into as of the Effective Time (as hereinafter defined), by and between JOHN XXXCXXX XXXUAL LIFE INSURANCE COMPANY, a mutual life insurance company organized under the laws of Massachusetts ("the Company"), and UNICARE LIFE & HEALTH INSURANCE COMPANY, a stock life insurance company organized under the laws of Delaware ("the Reinsurer").
