Reinsurer. Reinsurer is not providing the service to Plan and does not guarantee or make any representations regarding any of the services provided. Reinsurer may transmit claims information to the organization on behalf of the Plan, but Plan remains solely responsible for all claims, benefits, eligibility, and other determinations. Plan is solely responsible for payment to the providers.
Reinsurer. Upon recapture by the Company, the present value of the existing block of business as of the notice date shall be paid to the Reinsurer’s conservator, liquidator or statutory successor. Such present value shall be the present value of the net future payments to the Reinsurer under this Agreement. If the total is positive, the Company shall pay the positive present value to the Reinsurer’s conservator, liquidator or statutory successor. If the total is negative, the Company may offset the value as provided under this treaties Off Set provisions. The assumptions used to determine the net payments and their present value shall be those used in the Company’s internal GAAP statement. At the Reinsurer’s request, an independent actuary shall be used to verify that the Company’s calculations are accurate, based on such GAAP assumptions. The independent actuary must be satisfactory to both the Company the Reinsurer and the cost shall be born equally. Upon such recapture the Reinsurer’s obligation to the Company under this Agreement shall terminate. After notice of recapture under this Paragraph the Company shall have no obligation to make payments to the Reinsurer under this Agreement.
Reinsurer. Reinsurer" means any person who operates as an insurer in any manner under applicable provisions of this Title in the assumption of reinsurance risks. [ 1991, c. 828, §20 (NEW) .]
Reinsurer. Signed Line: /s/ Xxxxxx X. Xxxxxxxxxx, President ----------------------------------------------------------------- Accepted & Approved By: Xxxxxx X. Xxxxxxxxxx, President -- AmerInst Insurance Company ----------------------------------------------------------------- QUOTA SHARE REINSURANCE AGREEMENT 1996 PLACEMENT SLIP EXCLUSIONS ---------- This Agreement shall not apply to and specifically excludes:
Reinsurer. The Reinsurer will consider such amount as a receivable and the Ceding Company will consider such amount as a payable. Such amount withheld will be subject to repayment in accordance with the terms of the Accounts Receivable Agreement. The Funds Withheld at the end of each Accounting Period will be equal to (i) plus (ii) minus (iii), where:
Reinsurer have by their respective officers executed and delivered this Agreement in duplicate on the dates indicated below, with an effective date of . MASSACHUSETTS MUTUAL LIFE INSURANCE COMPANY By: Title: Date: REINSURER By: Title:
Reinsurer. If the loss to the Reinsurer in any one loss occurrence is greater than the amount previously paid by the Reinsurer, the Reinsurer shall promptly remit the difference to the Company.
Reinsurer. In the event that DRMS changes the Reinsurer identified herein, it agrees to obtain another “A rated” carrier, as determined by the most current rating of AM Best. If the new Reinsurer poses a competitive business concern to the Reinsured, DRMS will use its best efforts to find a replacement that is acceptable to the Reinsured. Acceptance by the Reinsured shall not be unreasonably withheld, and disapproval of the new Reinsurer by the Reinsured shall not be grounds for termination of this Agreement, unless such new Reinsurer would result in violations of or lack of compliance with any applicable laws or regulations by the Reinsured.
Reinsurer. “Reinsurer” shall have the meaning specified in the Preamble.
Reinsurer. If Reinsurer becomes Insolvent, Reinsurer shall immediately notify, in writing, Cedent of its Insolvency. In such event, Cedent may recapture all Reinsured Policies ceded under this Agreement on thirty (30) calendar days’ notice with Reinsurer and Cedent effecting a Terminal Accounting and Settlement under Section 3 of Article XIV.
