Ceded Amount definition

Ceded Amount means the amount of each Advance (or any portion thereof) specified by the Lender in any Demand Notice;
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Ceded Amount the portion of the Policy Death Benefit that is ceded to Reinsurer as specified in Exhibit 2, Life Benefits Schedule. For Facultative Reinsurance, the Ceded Amount is that percentage of the Policy Death Benefit for which Ceding Company accepts Reinsurer’s offer to reinsure. Continuation – a new Policy replacing a Policy or a change in an existing Policy issued or made either
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Examples of Ceded Amount in a sentence

  • Waiver Ceded Amount This field contains the policy waiver amount ceded.

  • This summary provides the Cession Count, Ceded Amount and Net Amount at Risk at the beginning of the reporting period, a summary of the transactions occurring during the report period as well as what is in force as of the ending of the report period.

  • Base Ceded Amount This field contains the policy base amount ceded.

  • Ceded Amount This field contains the policy amount ceded to a specific reinsurer.

  • Ceded Amount This field contains the policy amount ceded to a specific reinsurer Net Amount at Risk This field contains the reinsured net amount at risk (NAR) for a specific reinsurer.

  • Reinsured Net Amount at Risk – the Ceded Amount times the ratio of the Policy Net Amount at Risk over the Death Benefit.

  • Ceded Amount - each coverage # # # Amount ceded to the reinsurer on this coverage.

  • Automatic Limit – the amount specified in Exhibit 1, Retention Limits of Ceding Company used to calculate the maximum Ceded Amount that may be ceded as Automatic Reinsurance.

  • Reinsurance of a Policy shall terminate as of the beginning of the Policy year during which the Ceded Amount to all reinsurers shall be less than one thousand dollars ($1,000).

  • Ceding Company agrees not to cede any Policy as Automatic Reinsurance if the Ceded Amount of the Policy is less than one thousand dollars ($1,000) to all reinsurers.