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.

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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 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.

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 Administrator shall back up all of its computer files relating to the Administered Business and otherwise used in the performance of the Services under this Agreement in accordance with the back up, business continuation and disaster recovery policies and procedures used by the Administrator in connection with the administration of insurance policies issued by the Administrator for the Administrator’s own business.
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.
In addition, the Administrator shall keep the Company reasonably informed of the progress of all such Actions relating to the Administered Business.
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.

More Definitions of Administered Business

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.

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

Administered Business means (i) the business of each of MLIC and SLIC with respect to the Reinsured Contracts, the Third Party Reinsurance Agreements and the Reinsured Liabilities and (ii) the business of MLIC with respect to the Separate Accounts.

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

Administered Business means the Business of I▇▇ 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 Business of ILA with respect to the Covered Insurance Policies, the Separate ▇▇counts, 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 collectively the Business associated with the Covered Insurance Contracts and the business retroceded from the Administrator and Scottish Bermuda to SLD under the Industry Risks Retrocession Agreements.