Assumed Policies definition

Assumed Policies has the meaning set forth in Section 3.04.

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Assumed Policies means the Affiliate Policies ceded to Cedent under the GLIC Reinsurance Agreements or the GLICNY Reinsurance Agreement.

Assumed Policies means all policies, contracts, certificates, and other obligations of health and dental insurance, which are or were issued by the Ceding Company in Wisconsin, and which are in force as of the Effective Date, including the following:

Examples of Assumed Policies in a sentence

Moreover, Citizens does not warrant the accuracy or completeness of underwriting procedures used in relation to the Assumed Policies.
Insurer agrees to maintain the confidentiality of all policyholder information provided and agrees that all such information provided by Citizens shall be used strictly to select policies for assumption, adjust claims, service Assumed Policies and not for any other purpose.
Insurer, during the period of this Agreement, shall remain duly licensed and authorized as an admitted insurer to transact property and casualty insurance business in the State of Florida and to transact the lines of insurance applicable to the Assumed Policies, and in compliance with Florida statutes, rules, and regulations governing its insurance business, and with this Agreement.
The Reinsurer shall be authorized to endorse for payment all checks, drafts, and money orders payable to the Company with respect to premiums payable on the Assumed Policies.
This Agreement is for the sole and exclusive benefit of the parties and their successors and permitted assigns and, to the extent expressly set forth in this Agreement, those Policyholders, insureds and beneficiaries who are insured under Assumed Policies.
Upon and after the applicable Assumption Effective Date, all premium payments under the Assumed Policies shall be the sole property of the Reinsurer.
All claims under the Assumed Policies on and after the applicable Assumption Effective Date shall be the responsibility of the Reinsurer, and the Reinsurer shall indemnify and hold the Company harmless from and against all such claims, including the Company's costs in connection therewith.
On and after the applicable Assumption Effective Date, all notices, claims and correspondence received by the Company pertaining to the Assumed Policies, including applications for reinstatements of lapsed policies, will be forwarded promptly by the Company to the Reinsurer.
As promptly as possible after the receipt of any Required Assumption Approvals, the Reinsurer shall issue to each of the Policyholders of the Assumed Policies an Assumption Certificate, and provide satisfactory evidence thereof to the Company.
In the event the Ceding Company elects to recapture the Policies, as provided above, then such recapture shall apply to all Policies which have not become Assumed Policies.

More Definitions of Assumed Policies

Assumed Policies means those Reinsured Policies that were issued by an insurance company other than the Ceding Company and assumed by the Ceding Company as reinsurer.

Assumed Policies were to read "Assumed Policies and the Pre- Standard Medicare Supplement Policies heretofore assumed by American Capitol from Statesman."

Assumed Policies has the meaning set forth in the recitals.

Assumed Policies means the Policies described in ---------------- Schedule A of this Agreement which were issued by the Ceding Company and assumed by the Reinsurer following the Assumption Date.

Assumed Policies means the Medicare Supplement Attained Age policies, the Hospital Indemnity policies, the Companion Life policies and the Medicare Supplement Issue Age policies.