Basis of Reinsurance definition

Basis of Reinsurance. The Ceding Company shall cede to Cologne direct business underwritten on either United States or Canadian residents for Automatic acceptance of Life Insurance subject to the limits and conditions shown below.
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Basis of Reinsurance. Pool - Our share is 20% for ages through 75 for all plans and 25% for ages 76 through 80 for the LVPlus 2 and X-881.
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Basis of Reinsurance. The Ceding Company may request facultative consideration of any risk by sending Cologne a Reinsurance Application form as shown in Exhibit F showing details of the risk together with any medical examination reports, electrocardiograms, inspection reports and any other information known to the Ceding Company pertaining to the insurability of the risk. Cologne shall give the Reinsurance Application prompt consideration and shall notify the Ceding Company of its decision. If Cologne accepts the risk and the Ceding Company explicitly accepts and acts in accordance with Cologne's decision, Cologne shall become liable for its share of the risk, its liability commencing with that of the Ceding Company, provided that the contract or policy has been delivered according to the usual procedures of the Ceding Company. Unless specifically agreed to the contrary, Cologne shall hold its offer on a pending case open for 90 days at which time Cologne shall, in the absence of notification of case status, routinely close its file and consider the offer as formally withdrawn.
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Examples of Basis of Reinsurance in a sentence

  • Based on discussions with research computing managers, and the information they shared in confidence, an estimate of cluster costs come in the region of 5 to 7p per core-hour – however, it is vital to recognise that costs at institutions vary significantly.

  • Huttunen et al., supra note 6.the evaluation of job tax incentives: an analysis of a regional taxElectronic copy available at: https://ssrn.com/abstract=3564312Variables (changes)(1)(2) (3)Employment(4)(5)Sales(6)Average salary(7)ProductivityOLSOLS OLSOLSOLSOLSOLS( t-ratio)(t-ratio) (t-ratio)(t-ratio)(t-ratio)(t-ratio)(t-ratio)Treated.

  • Xxxxxx, MMC City Clerk Approved as to Form: By: Xxxxxxx Xxxxxx Xxxxx City Attorney EXHIBIT A (See attached pages) PROFESSIONAL ENGINEERING SERVICES AGREEMENT FOR THE CITY OF NORTH LAS VEGAS WATER RECLAMATION FACILITY EQUALIZATION BASIN DESIGN SERVICES EXHIBIT A SCOPE OF BASIC SERVICES INTRODUCTION This exhibit describes the Consultant’s (Engineer) Scope of Work for the City of North Las Vegas Water Reclamation Facility (CNLV-WRF) Equalization Basin Design Services (Project).

  • A Limits of Retention B Basis of Reinsurance and Policy Plans Reinsured C-1 Rate Tables - Single Life C-2 Rate Tables - Joint Life C-3 Rate Tables - Magnastar C-4 Joint Last Survivor Mortality Calculation D Limits E Statement Specifications F Sample Policy Exhibit G Temporary Insurance Agreement H International Risk Guidelines IT IS HEREBY MUTUALLY AGREED BY THE PARTIES HERETO that reinsurance required by the CEDING COMPANY will be assumed by the REINSURER as described in the terms of this AGREEMENT.

  • A Limits of Retention B Basis of Reinsurance and Policy Plans Reinsured C Premiums C-1 Rate Tables - Single Life C-2 Rate Tables - Joint Life C-3 Rate Tables - Magnastar C-4 Joint Last Survivor Mortality Calculation D Limits E Statement Specifications F Sample Policy Exhibit G Temporary Insurance Agreement H International Risk Guidelines Reinsurance required by the CEDING COMPANY will be assumed by the REINSURER as described in the terms of this AGREEMENT.

  • SCHEDULE B: REINSURANCE LIMITS Basis of Reinsurance: Ceding Company will retain percent ( %)* at any location if ( ) reinsurers are included on the case, and likewise will retain ( %)** if ( ) reinsurers are involved in any one case; however, if all reinsurers have reached the limit of their capacity at any one location, Ceding Company will retain the balance.

  • A Specifications B Basis of Reinsurance EXHIBITS I Reinsurance Premiums II Retention, Binding, and Issue Limits All Schedules and Exhibits attached will be considered part of this Reinsurance Agreement.

  • Article XVIII — Increasing Net Amount at Risk Policies and Exhibit B - Basis of Reinsurance and Policy Plans Reinsured are hereby revised and replaced to include the Chronic Illness (CI) Accelerated Death Benefit Rider as attached herein.

  • Reinsurer has no liability under this Agreement for any policy amount or benefit not expressly referred to in Article I Basis of Reinsurance, or in any Addendum to this Agreement relating to reinsurance of other benefits.

  • Xxxxxx Vice President & Actuary [page break] MUNICH AMERICAN REASSURANCE COMPANY By: /s/ Xxxxx Xxxxx Date: 7/23/12 Print name: Xxxxx Xxxxx Title: 2nd VP & Marketing Actuary MUNICH AMERICAN REASSURANCE COMPANY By: /s/ Xxxxxxx X Xxxx Date: 7/23/12 Print name: Xxxxxxx X Xxxx Title: 2nd VP, Treaty [page break] SCHEDULE B – REINSURANCE LIMITS Basis of Reinsurance: The Ceding Company will .

Related to Basis of Reinsurance

  • 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;

  • 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.

  • Reinsurers shall be understood to mean “Reinsurers”, “Underwriters” or whatever other term is used in the attached reinsurance document to designate the reinsurer or reinsurers.

  • 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.

  • Ceding Commission shall have the meaning specified in Section 5.2.

  • 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.

  • 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.

  • Reinsurer has the meaning set forth in the preamble.

  • Ceding Company has the meaning set forth in the preamble.

  • Reinsured Policies has the meaning assigned to it in the Reinsurance Agreement.

  • Capitation means the reimbursement arrangement in which a fixed rate of payment per Enrollee per month is made to the Contractor for the performance of all of the Contractor’s duties and obligations pursuant to this Contract.

  • Insurance Schedule means Schedule 3 attached hereto.

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

  • Coinsurance means that you pay a percent of the total cost of the drug each time you fill a prescription.

  • Reinsured Liabilities means the General Account Liabilities and the Separate Account Liabilities.

  • Sovereign Risk means nationalization, expropriation, currency devaluation, revaluation or fluctuation, confiscation, seizure, cancellation, destruction or similar action by any governmental authority, de facto or de jure; or enactment, promulgation, imposition or enforcement by any such governmental authority of currency restrictions, exchange controls, taxes, levies or other charges affecting a Fund's Assets; or acts of armed conflict, terrorism, insurrection or revolution; or any other act or event beyond the Custodian's or such other Person's control.

  • Net Liability as used herein is defined as the Company's gross liability remaining after cessions, if any, to other pro rata reinsurers.

  • Input Tax Credit means the credit of input tax;

  • Country Risk means all factors reasonably related to the systemic risk of holding Foreign Assets in a particular country including, but not limited to, such country’s political environment, economic and financial infrastructure (including any Eligible Securities Depository operating in the country), prevailing or developing custody and settlement practices, and laws and regulations applicable to the safekeeping and recovery of Foreign Assets held in custody in that country.

  • Loss Absorbing Instrument means, at any time, any Additional Tier 1 Capital instrument (other than the Notes) issued directly or indirectly by the Issuer which contains provisions pursuant to which all or part of its principal amount may be written-down (whether on a permanent or temporary basis) or may otherwise absorb losses (in each case in accordance with its terms) on the occurrence, or as a result, of a trigger event set by reference to the Group CET1 Ratio;

  • 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.

  • input tax , in relation to a vendor, means—

  • Proforma means producing a balance sheet that reflects a reasonably accurate financial statement of the Failed bank through the date of closing. The Proforma financial statements serve as a basis for the opening entries of both the Assuming Bank and the Receiver.