Assumed Reinsurance Contract definition

Assumed Reinsurance Contract means means a reinsurance or retrocession treaty or agreement, slip, binder, cover note or other similar arrangement or Contract under which any PRE Insurance Subsidiary is the reinsurer or retrocessionaire.
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Assumed Reinsurance Contract any insurance or reinsurance policy, insurance or reinsurance cover note, binder, slip, contract, agreement, treaty, certificate or other instrument under which liabilities have been assumed, on an indemnity or assumption basis, by the Company on or before the Effective Time, excluding the reinsurance contracts or endorsements included in Exhibit A.
Sample 1

Examples of Assumed Reinsurance Contract in a sentence

  • In the event that any Purchaser Subsidiary fails to terminate any Assumed Reinsurance Contract as to new business as required by the foregoing sentence, notwithstanding any contrary provision of this Agreement or any Related Agreement, the relevant Seller shall be permitted to terminate such Assumed Reinsurance Contract as to new business, and Purchaser shall reimburse Sellers for any expenses incurred by such Seller in effectuating such termination.

  • With respect to any Assigned Contract or Assumed Reinsurance Contract as to which such a substitution requires the consent of the ceding company or other party to such Assigned Contract or Assumed Reinsurance Contract, the parties shall use commercially reasonable efforts to obtain such consent.

  • Purchaser shall have received a certification from Sellers that as of November 15, 2004, they have sent notices to each counter-party to each Assumed Reinsurance Contract terminating such Assumed Reinsurance Contract for new business.

  • The applicable Insurance Subsidiary has received all necessary approvals (or non-disapprovals) from applicable Governmental Authorities for each Assumed Reinsurance Contract and the transactions contemplated thereby.

  • To the Knowledge of the Ceding Company, there are no material pending or threatened disputes with respect to the validity of any Reinsured Policy or any Assumed Reinsurance Contract.

Related to Assumed Reinsurance Contract

  • Insurance Contract means a contract (other than an Annuity Contract) under which the issuer agrees to pay an amount upon the occurrence of a specified contingency involving mortality, morbidity, accident, liability, or property risk.

  • Insurance Contracts means the insurance or annuity policies and contracts, together with all binders, slips, certificates, endorsements and riders thereto, issued or entered into by any Insurance Company prior to the Closing.

  • Reinsurance Agreement means any agreement, contract, treaty or other arrangement whereby one or more insurers, as reinsurers, assume liabilities under insurance policies or agreements issued by another insurance or reinsurance company or companies.

  • Reinsurance Agreements means any agreement, contract, treaty, certificate or other arrangement by which any Insurance Subsidiary agrees to transfer or cede to another insurer all or part of the liability assumed or assets held by it under one or more insurance, annuity, reinsurance or retrocession policies, agreements, contracts, treaties, certificates or similar arrangements. Reinsurance Agreements shall include, but not be limited to, any agreement, contract, treaty, certificate or other arrangement that is treated as such by the applicable Department.

  • FHA Mortgage Insurance Contract means the contractual obligation of the FHA respecting the insurance of a Mortgage Loan.

  • Reinsurance means the activity consisting in accepting risks ceded by an insurance undertaking or by another reinsurance undertaking or, in the case of the association of underwriters known as Lloyd's, the activity consisting in accepting risks, ceded by any member of Lloyd's, by an insurance or reinsurance undertaking other than the association of underwriters known as Lloyd's;

  • Insured Contract means any written:

  • variable insurance contract means a contract of life insurance under which the interest of the purchaser is valued for purposes of conversion or surrender by reference to the value of a proportionate interest in a specified portfolio of assets.

  • Service Contract means, with respect to a Financed Vehicle, the agreement, if any, financed under the related Receivable that provides for the repair of such Financed Vehicle.

  • Insurance Consultant or "consultant" means a person who:

  • Reinsurance intermediary means a reinsurance intermediary-broker or a reinsurance intermediary-manager.

  • Insurance Schedule means Schedule 3 attached hereto.

  • Retrocession Agreement means any agreement, contract, treaty or other arrangement whereby one or more insurers or reinsurers, as retrocessionaires, assume liabilities of reinsurers under a Reinsurance Agreement or other retrocessionaires under another Retrocession Agreement.

  • Insurance Costs means the sums described in paragraph 1.1 of Part 5 of the Schedule;

  • Tax Service Contract As defined in Section 3.09(a).

  • Insurance carrier means every insurance carrier duly

  • Health-care-insurance receivable means an interest in or claim under a policy of insurance which is a right to payment of a monetary obligation for health-care goods or services provided.

  • insurance business means one or more aspects of the business of selling, issuing or underwriting insurance or reinsurance.

  • Insurance Assignment means the valid and effective first legal assignment of the Insurances (together with the notice thereof), to be executed by the Borrower in respect of the Vessel in favour of the Trustee, such assignment and notice to be in the form and on the terms and conditions required by the Agent and the Hermes Agent and agreed on the signing hereof and as specified in paragraph 42 of Schedule 4;

  • Covered contract means a DoD prime contract for an amount exceeding the simplified acquisition threshold, except for a fixed-price contract without cost incentives. The term also includes a subcontract for an amount exceeding the simplified acquisition threshold, except for a fixed-price subcontract without cost incentives under such a prime contract.

  • Reinsurer has the meaning set forth in the preamble.

  • Asset Coverage means asset coverage, as determined in accordance with Section 18(h) of the 1940 Act, of at least 200% with respect to all outstanding senior securities of the Trust which are stock, including all Outstanding Series B Preferred Shares (or such other asset coverage as may in the future be specified in or under the 1940 Act as the minimum asset coverage for senior securities which are stock of a closed-end investment company as a condition of declaring dividends on its common stock), determined on the basis of values calculated as of a time within 48 hours (not including Saturdays, Sundays or holidays) next preceding the time of such determination.

  • Tax Indemnity Agreement means the Tax Indemnity Agreement, dated as of even date with the Participation Agreement, between Lessee and Owner Participant.