Administered Business definition

Administered Business means the business of the Ceding Company associated with and including the Reinsured Policies, the Separate Accounts and the Reinsured Risks.

Administered Business means the Covered Insurance Policies, the Separate Accounts, the portion of the Shared Separate Account that relates to the Covered Insurance Policies, the portion of the Existing Reinsurance Agreements that relates to the Covered Insurance Policies and any Reinsured Liabilities.

Administered Business has the meaning set forth in the recitals to this Agreement. “Administrative Services” has the meaning ascribed to such term in Article II of this Agreement.

Examples of Administered Business in a sentence

• In addition, the Company shall keep the Administrator reasonably informed of the progress of all such Actions relating to the Administered Business.

• The Parties acknowledge that, during the term of this Agreement the Company and/or its Affiliates may become subject to non-U.S. legal and regulatory requirements and industry standards that may relate to the Administered Business, and it is the intention of the Parties to address such non-U.S. requirements and standards.

• After the date hereof, the Company shall notify the Administrator promptly, but in no event later than ten (10) Business Days, following its receipt of notice of any Action that has been instituted or threatened in writing relating to the Administered Business with respect to which the Company is named as a party, and shall promptly furnish to the Administrator copies of all pleadings in connection therewith.

• The Parties shall cooperate, in conjunction with the applicable variable investment Funds, to establish procedures to prevent the commingling of assets attributable to the Administered Business, on the one hand, and the business of the Company that is not Administered Business, on the other hand, and otherwise to ensure that funds are traceable to the appropriate Company insurance policy.

• In addition, the Administrator shall keep the Company reasonably informed of the progress of all such Actions relating to the Administered Business.

More Definitions of Administered Business

Administered Business means the LBL Contracts, the Shared Separate Account, the Vermont Captive Contracts, the Vermont Captive Reinsurance Agreement and the portion of the Ceded Reinsurance Contracts that relates to LBL Contracts.

Administered Business means collectively the variable universal life and annuity business of the Company associated with the Variable Contracts.

Administered Business means the Reinsured Contracts and the Ceded Reinsurance Contracts.

Administered Business means the LBL Contracts, the portion of the Shared Separate Account that relates to the LBL Contracts, the Separate Account, the Vermont Captive Contracts, the Vermont Captive Reinsurance Agreement and the portion of the Ceded Reinsurance Contracts that relates to LBL Contracts.

Administered Business means the Business of IXX with respect to the Covered Insurance Policies, the Separate Accounts, the Existing Reinsurance Agreements and any Reinsured Liabilities. For the avoidance of doubt, the Administered Business does not include any Discovered Policies unless otherwise agreed to by the parties.

Administered Business means the portion of the Business associated with and including the Covered Insurance Policies, the Separate Accounts and the Reinsured Liabilities but excluding, for the avoidance of doubt, all Administered Excluded Liabilities.

Administered Business means the Business of HLIC with respect to the Covered Insurance Policies, the Separate Accounts, the Existing Reinsurance Agreements and any Reinsured Liabilities. For the avoidance of doubt, the Administered Business does not include any Discovered Policies unless otherwise agreed to by the parties.