Reinsurance Contract Clause Samples
A Reinsurance Contract clause defines the agreement under which one insurance company (the reinsurer) agrees to cover part or all of the risks assumed by another insurance company (the ceding company). This clause typically outlines the scope of coverage, the types of risks transferred, and the terms of payment or claims handling between the parties. By specifying these terms, the clause ensures that the ceding company can manage its risk exposure and financial stability by sharing potential losses with the reinsurer.
Reinsurance Contract. Effective: July 1, 2016
Reinsurance Contract. Effective: April 1, 2013 Homeowners of America Insurance Company Irving, Texas including any and/or all companies that are or may hereafter become affiliated therewith Table of Contents
Reinsurance Contract. Schedule 9(t) contains a list of all reinsurance treaties and agreements currently in effect with respect to the Aviation Business and the Reinsured Business (the "Reinsurance Contracts").
Reinsurance Contract. Effective: April 1, 2013 (hereinafter referred to as the “Subscribing Reinsurer”) The Subscribing Reinsurer hereby accepts a 3.0% share in the interests and liabilities of the “Reinsurer” as set forth in the attached Contract captioned above. This Agreement shall become effective at 12:01 a.m., Central Standard Time, April 1, 2013, and shall continue in force thereafter unless earlier terminated in accordance with the provisions of the attached Contract. 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.
Reinsurance Contract. 93948002-12 (1-1-12) ARTICLE PAGE I BUSINESS COVERED 1 II TERM 2 III SPECIAL TERMINATION 2 IV DEFINITIONS 5 Act of Terrorism 5 Declaratory Judgment Expense 5 Extra Contractual Obligations/Loss in Excess of Policy Limits 5 Loss Adjustment Expense 6 Loss Occurrence 6 Net Earned Premium 7 Written Premium 7 Policy 7 Contract Year 7 Policy Year Manual Payroll (excluding clerical) 8 Ultimate Net Loss 8 VI EXCLUSIONS 8 VII TERRORISM RISK INSURANCE PROGRAM REAUTHORIZATION ACT 11 VIII COVERAGE 12 IX MATERIAL CHANGE 12 X REINSURANCE PREMIUM 15 XI FUNDS WITHHELD ACCOUNT 15 XII NOTICE OF LOSS AND LOSS SETTLEMENTS 17 XIII LIABILITY OF REINSURERS 17 XIV LATE PAYMENTS 18 XV REPORTS AND REMITTANCES 19 XVI COMMUTATION 20 XVII NOTIONAL EXPERIENCE ACCOUNT 21 XVIII ANNUITIES AT THE COMPANY’S OPTION 22 XIX SUNSET 22 XX SUBROGATION 23 XXI ERRORS AND OMISSIONS 23 93948002-12 (1-1-12) XXIII CURRENCY 23 XXIV TAXES 24 XXV FEDERAL EXCISE TAX 24 XXVI NET RETAINED LINES 24 XXVII THIRD PARTY RIGHTS 25 XXVIII SEVERABILITY 25 XXIX GOVERNING LAW 25 XXX INSPECTION OF RECORDS 25 XXXI CONFIDENTIALITY 26 XXXII INSOLVENCY 27 XXXIII ARBITRATION 27 XXXIV UNAUTHORIZED REINSURANCE 29 XXXV SERVICE OF SUIT 32 XXXVI MODE OF EXECUTION 33 XXXVII ENTIRE AGREEMENT 34 XXXVIII INTERMEDIARY 34 Nuclear Incident Exclusion Clause - Liability - Reinsurance - U.S.A. 93948002-12 (1-1-12)
Reinsurance Contract. It is proposed that Syndicate 6103 has a capacity for 2024 of £90m with a 30% cession from syndicate 2791’s US catastrophe account (the actual percentage of the cession has yet to be finalised). As in previous years, MAP would take this opportunity to remind Members that should the maximum risk appetite of Syndicate 6103 be reached ahead of Syndicate 2791, MAP reserves the right to cease accepting lines for Syndicate 6103 in the affected zone(s). No material changes to the terms of the Limited Tenancy Agreement are proposed for the 2024 year of account (see Appendix 1 for details of agency agreement variations). Capacity on Syndicate 6103 is not tradable in the auctions.
Reinsurance Contract. Borrower shall maintain in full force and effect participation reinsurance contracts with major reinsurers, similar in substance to those reinsurance contracts in place on the date of this Agreement.
Reinsurance Contract. In case that the company uses reinsurance rates, it must make available the current signed reinsurance contract to the Superintendency for the respective supervision.
Reinsurance Contract. Effective: June 1, 2008 Signing Page Addendum No. 2 Interests and Liabilities Agreement Excess Catastrophe Reinsurance Contract Effective: June 1, 2008 Addendum No. 1 Excess Catastrophe Reinsurance Contract Effective: June 1, 2008
Reinsurance Contract. TABLE OF CONTENTS ------------------