Reinsurance Services Clause Samples

Reinsurance Services. ▇▇▇▇ ▇▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇ Minneapolis, Minnesota 55431 Table of Contents Article Page I Business Reinsured 3 II Commencement and Termination 3 III Territory (BRMA 51A) 4 IV Exclusions 4 V Retention and Limit 5 VI Assignments and Assessments 5 VII Loss in Excess of Policy Limits/ECO 6 VIII Other Reinsurance 6 IX Claims and Loss Adjustment Expense 6 X Salvage and Subrogation 7 XI Original Conditions (BRMA 37B) 7 XII Commission 8 XIII Contingent Commission 8 XIV Reports and Remittances 9 XV Late Payments 10 XVI Offset (BRMA 36C) 11 XVII Access to Records (BRMA 1D) 11 XVIII Errors and Omissions (BRMA 14F) 11 XIX Taxes (BRMA 50B) 12 XX Unauthorized Reinsurers 12 XXI Insolvency 13 XXII Arbitration 14 XXIII Service of Suit (BRMA 49C) 15 XXIV Agency Agreement 15 XXV Intermediary (BRMA 23A) 15 Commercial Automobile Quota Share Reinsurance Contract Effective: December 31, 1997 issued to Associated International Insurance Company Woodland Hills, California ▇▇▇▇▇▇▇ Insurance Company Hoboken, New Jersey and any additional company established or acquired by Associated International Insurance Company, ▇▇▇▇▇▇▇ Insurance Company, or Gryphon Holdings, Inc., New York, New York, to be included hereunder (hereinafter referred to collectively as the "Company") by The Subscribing Reinsurer(s) Executing the Interests and Liabilities Agreements Attached Hereto (hereinafter referred to as the "Reinsurer")
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Reinsurance Services. 3500 ▇▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇▇, ▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇ ================================================================================ ================================================================================ INTERESTS AND LIABILITIES AGREEMENT of All American Life Insurance Company Chicago, Illinois by WEB Management LLC Bloomfield, Connecticut (hereinafter referred to as the "Subscribing Reinsurer") with respect to the WORKERS' COMPENSATION QUOTA SHARE LARGE ACCOUNT BUSINESS REINSURANCE CONTRACT EFFECTIVE: FEBRUARY 1, 1998 issued to and duly executed by Superior National Insurance Group Calabasas, California
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Reinsurance Services. Premium payable to the SPG Company to be agreed based on prevailing market rates of similar reinsurance service and the applicable actuarial review of respective SRG Company and SPG Company under the Specific Agreements
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Reinsurance Services. ▇▇▇▇ ▇▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇▇, ▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇ ----------------------------------------------------------------------------- ----------------------------------------------------------------------------- ----------------------------------------------------------------------------- ----------------------------------------------------------------------------- TABLE OF CONTENTS
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Reinsurance Services. 3500 ▇▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇▇, ▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇ ================================================================================ ================================================================================ WORKERS' COMPENSATION QUOTA SHARE LARGE ACCOUNT BUSINESS REINSURANCE CONTRACT EFFECTIVE: FEBRUARY 1, 1998 issued to Superior National Insurance Group Calabasas, California REINSURER PARTICIPATION WEB Management LLC (for and on behalf of All American Life Insurance Company) 100.0% TOTAL 100.0%
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Reinsurance Services. ▇▇▇▇ ▇▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇▇, ▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇ Table of Contents Article Page
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Reinsurance Services. ▇▇▇▇ ▇▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇
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Reinsurance Services. ▇▇▇▇ ▇▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇ ================================================================================ ================================================================================ ▇▇▇▇▇▇▇▇▇▇▇, ▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇ ================================================================================ ================================================================================ Second and Third Property Excess Catastrophe Reinsurance Contract Effective: April 1, 1995 issued to Mercury Casualty Company Mercury Insurance Company California Automobile Insurance Company and California General Underwriters Insurance Company, Inc. All of Los Angeles, California Second Excess Catastrophe Reinsurance Reinsurers Participations Abeille-Paix Management, Incorporated (for Abeille Reassurances, U.S. Branch) 4.00% Allmerica Re, A Division of The Hanover Insurance Company 1.25 AXA Reinsurance Company 10.00 First Excess and Reinsurance Corporation 9.00 Nationwide Mutual Insurance Company 3.00 Prudential Reinsurance Company 13.00 Security Reinsurance Company 0.50 Signet Star Reinsurance Company 2.00 Sydney Reinsurance Corporation 4.25 United Fire & Casualty Company 1.00 USF RE Insurance Company 2.00 Vesta Fire Insurance Corporation 40.00 Winterthur Reinsurance Corporation of America 5.00 Total 95.00% part of 100% share in the interests and liabilities of the "Reinsurer" ================================================================================ ================================================================================ Third Excess Catastrophe Reinsurance Reinsurers Participations Allmerica Re, A Division of The Hanover Insurance Company 1.50% AXA Reinsurance Company 10.00 First Excess and Reinsurance Corporation 10.00 ▇▇▇▇▇▇ Reinsurance Company 6.00 Nationwide Mutual Insurance Company 3.00 Patriot Re Corporation (for Various Lloyd's Underwriters) 1.50 Renaissance Reinsurance Ltd. 6.50 San Francisco Reinsurance Company 6.00 Security Reinsurance Company 0.50 Signet Star Reinsurance Company 3.00 Sydney Reinsurance Corporation 3.00 United Fire & Casualty Company 1.00 Vesta Fire Insurance Corporation 25.00 Winterthur Reinsurance Corporation of America 1.00 Through ▇▇▇▇▇ ▇▇▇▇▇▇ Europe Europa Re 2.00 Through ▇▇▇▇▇▇ ▇▇▇▇▇ Reinsurance Brokers Limited Lloyd's Underwriters and Companies Per Signing Schedule(s) 15.00 Total 95.00% part of 100% share in the interests and liabilities of the "Reinsurer"
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Related to Reinsurance Services

  • Reinsurance reinsurance with reinsurers acceptable to Lessor acting reasonably is required and such reinsurance will: (i) be on the same terms as the original insurances and will include the provisions of this Schedule; (ii) provide that notwithstanding any bankruptcy, insolvency, liquidation, dissolution or similar proceedings of or affecting the reinsured that the reinsurers’ liability will be to make such payments as would have fallen due under the relevant policy of reinsurance if the reinsured had (immediately before such bankruptcy, insolvency, liquidation, dissolution or similar proceedings) discharged its obligations in full under the original insurance policies in respect of which the then relevant policy of reinsurance has been effected; and (iii) contain a “cut-through” clause in the following form (or otherwise satisfactory to Lessor): “The Reinsurers and the Reinsured hereby mutually agree that, in the event of any claim arising under the reinsurances in respect of a total loss or other claim, as provided by the Aircraft Lease Agreement dated March 12, 2007 and made between Lessor and Lessee, such claim is to be paid to the Person named as sole loss payee under the primary insurances, the Reinsurers will in lieu of payment to the Reinsured, its successors in interest and assigns pay to the Person named as sole loss payee under the primary insurances effected by the Reinsured that portion of any loss due for which the Reinsurers would otherwise be liable to pay the Reinsured (subject to proof of loss), it being understood and agreed that any such payment by the Reinsurers will (to the extent of such payment) fully discharge and release the Reinsurers from any and all further liability in connection therewith; subject to such provisions not contravening any Law of the State of Incorporation;”

  • Reinsurance Administration A. Within thirty (30) days after the end of each calendar month, the Cedent shall take all reasonable and appropriate steps to furnish the Reinsurer with a seriatim electronic report, as detailed in Schedule C, for each Reinsured Contract, valued as of the last day of that month. On or before September 30, 2001, the Cedent shall provide the initial seriatim electronic report, which shall cover the period from the Effective Date hereof through August 31, 2001; provided, however, that the initial seriatim electronic report may omit Funding Vehicle Values by MorningStar designation. The Cedent shall provide complete seriatim electronic data, as required herein, on or before April 30, 2002. Failure to provide this information as required shall constitute a material breach within the scope of Article XX, Paragraph G. B. Additionally, within thirty (30) days after the end of each calendar month the Cedent shall furnish the Reinsurer with a separate Summary Statement containing the following: 1. Reinsurance Premiums due to the Reinsurer summarized separately for each premium class by GMDB, EPB, and Income Program, as shown in Exhibit II; 2. benefit claim recoverables due to the Cedent in total and, if applicable, broken down by VNAR, SCNAR, and EEMNAR and Income Program; and 3. the month end date for the period covered by the Summary Statement. C. If the net balance is due to the Reinsurer, the Cedent shall remit the amount due with the Summary Statement, but no later than thirty (30) days after the month end date for the period covered by the Summary Statement. If the net balance is due to the Cedent, the Reinsurer shall remit the amount due to the Cedent within ten (10) days after receipt of the Summary Statement. D. The payment of Reinsurance Premiums is a condition precedent to the liability of the Reinsurer under this Agreement. In the event that the Cedent does not pay the Reinsurance Premiums in a timely manner, as defined below, the Reinsurer may exercise the following rights: 1. The Reinsurer shall charge interest if Reinsurance Premiums are not paid within thirty (30) days of the due date, as defined in Paragraph C of this Article. The interest rate charged shall be based on the ninety-(90) day federal Treasury ▇▇▇▇, as published in The Wall Street Journal on the first business day in the month following the due date of the Reinsurance Premiums, plus one hundred (100) basis points. The method of calculation shall be simple interest (360-day year). 2. The Reinsurer may terminate this Agreement in the event that Reinsurance Premium payments are more than sixty (60) days past due after the due date, as described in Paragraph C of this Article, by giving sixty (60) day written notice of termination to the Cedent. As of the close of the last day of this sixty-(60) day notice period, the Reinsurer's liability with respect to the ceded liabilities shall terminate. If all Reinsurance Premiums that are the subject of a sixty (60) day termination notice shall have been received by the Reinsurer within the time specified, the termination notice shall be deemed vacated and the Agreement shall remain in effect.

  • Fire Insurance The LESSEE shall not permit any use of the leased premises which will make voidable any insurance on the property of which the leased premises are a part, or on the contents of said property or which shall be contrary to any law or regulation from time to time established by the New England Fire Insurance Rating Association, or any similar body succeeding to its powers. The LESSEE shall on demand reimburse the LESSOR, and all other tenants, all extra insurance premiums caused by the LESSEE's use of the premises.

  • Reinsurance Agreements (a) Section 3.15(a) of the Parent Disclosure Schedule sets forth a true, complete and correct list of all of the reinsurance, coinsurance or retrocession treaties, agreements, slips, binders, cover notes or other arrangements of any kind to which any of the Insurance Subsidiaries is a party and under which any of the Transferred Subsidiaries cede or assume any insurance business or under which any business otherwise remains reinsured as of the date of this Agreement and any related letters of credit, reinsurance trusts or other collateral arrangements (collectively, the “Reinsurance Agreements”). True, complete and correct copies of all of the Reinsurance Agreements have been made available to the Acquiror. (b) Neither the Company nor any of the Insurance Subsidiaries is in default in any material respect under any Reinsurance Agreement, and there has not occurred any event that, with the lapse of time or the giving of notice or both, would constitute such a default in any material respect. Each Reinsurance Agreement is legal, valid, binding, enforceable against the applicable Insurance Subsidiary which is party and the counterparty thereto and in full force and effect in accordance with its terms, will continue to be legal, valid, binding and enforceable by the applicable Insurance Subsidiary that is a party thereto and in full force and effect on substantially comparable terms following the Closing (except for the Quota Share Agreement, which will be amended in accordance with Section 5.08(c)), except to the extent that enforceability thereof may be limited by applicable bankruptcy, insolvency, reorganization or other similar laws affecting creditors’ rights generally and by principles of equity regarding the availability of remedies. Since December 31, 2013, with respect to any Reinsurance Agreement, (i) no Insurance Subsidiary has received any written notice from any applicable reinsurer that any amount of reinsurance ceded by any of the Insurance Subsidiaries will be uncollectible or otherwise defaulted upon; (ii) there is no pending or to the Knowledge of the Parent, threatened dispute between any of the Insurance Subsidiaries and any reinsurer under any Reinsurance Agreement; (iii) each Insurance Subsidiary, as applicable, is entitled under the laws of its domiciliary jurisdiction or any other applicable Law to take credit in accordance with SAP on its Statutory Statements for all reinsurance and retrocessions ceded by it pursuant to any Reinsurance Agreement for which such Insurance Subsidiary is taking credit on its Statutory Statements, and all such amounts have been properly recorded in its books and records of account and are properly reflected in its Statutory Statements; (iv) to the Knowledge of the Parent there has been no separate written or oral agreement between such Insurance Subsidiary and the assuming reinsurer that is intended to, and would, in fact, reduce, limit or mitigate any loss to the parties under any such Reinsurance Agreement; and (v) each such Reinsurance Agreement satisfies the requisite risk transfer criteria necessary to obtain reinsurance accounting treatment under SAP.

  • Employment Insurance Rebate The short-term sick leave plan shall be registered with the Employment Insurance Commission (EIC). The nurses' share of the employer's Employment Insurance premium reduction will be retained by the Hospital towards offsetting the cost of the benefit improvements contained in this agreement.