Reinsurance Programs Clause Samples
The Reinsurance Programs clause defines the terms under which an insurer may transfer portions of its risk to other insurance companies, known as reinsurers. This clause typically outlines the types of reinsurance arrangements permitted, such as quota share or excess of loss, and may specify requirements for the financial strength or approval of the reinsurers involved. Its core practical function is to allow the insurer to manage and mitigate its exposure to large or catastrophic losses, thereby promoting financial stability and protecting policyholders.
Reinsurance Programs. Medicare Supplement Members shall not be included in the Professional Stop Loss Program, the AIDS Reinsurance Program, and the Transplant Reinsurance Program.
Reinsurance Programs. PPG’s professional stop loss level shall be *** per AIM Member. The professional stop loss level shall be provided to the PPG for AIM Members at no cost. All other terms and conditions of the Agreement regarding Professional Stop Loss shall apply to AIM Members. AIM Members shall not be included in the AIDS Reinsurance Program, the Transplant Reinsurance Program, or the Transfer Reinsurance Program.
Reinsurance Programs. PPG’s professional stop loss level shall be six thousand dollars ($6,000.00) per AIM Member. The professional stop loss level shall be provided to the PPG for AIM Members at no cost. All other terms and conditions of the Agreement regarding Professional Stop Loss shall apply to AIM Members. AIM Members shall not be included in the AIDS Reinsurance Program.
Reinsurance Programs. Medicare Supplement Members shall not he included in the Professional Stop Loss Program, the AIDS Reinsurance Program, the Transplant Reinsurance Program, or the Transfer Reinsurance Program.
Reinsurance Programs. Medicare COB Members shall not be included in the Professional Stop Loss Program, the AIDS Reinsurance Program or the Transfer Reinsurance Program.