Ceded Reinsurance definition

Ceded Reinsurance means risk that is ceded (whether by co-insurance, reinsurance or equivalent relationship otherwise named) by any Insurance Subsidiary to any other Person (other than to another Insurance Subsidiary or Affiliate of the Borrower), other than Surplus Relief Reinsurance.

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Ceded Reinsurance means all reinsurance ceded by the Company pursuant to contracts, binders, certificates, treaties or other evidence of reinsurance relating to the Reinsured Risks in effect on or prior to the Inception Date, except the reinsurance provided pursuant to this Agreement.

Ceded Reinsurance means reinsurance ceded by any Insurance Entity to any other Person (other than to another Insurance Entity), other than Surplus Relief Reinsurance.

Examples of Ceded Reinsurance in a sentence

• The Company shall not, without the Reinsurer’s prior written approval, in its sole discretion, take any action to amend or terminate any Ceded Reinsurance under any Ceded Reinsurance Agreement or enter into any Commutation of Ceded Reinsurance.

• The Company and the Reinsurer shall use their best efforts to effect, as promptly as possible, an endorsement to each Reinsurance Agreement substituting the Reinsurer for the Company and to amend the Ceded Reinsurance Agreement to comply with the credit for reinsurance provisions of (i) the Delaware Insurance Law and (ii) any other statute or regulation applicable to the cession of reinsurance by foreign life insurance companies.

• All amounts owed under any Ceded Reinsurance Contracts have been timely paid in accordance with their terms.

• Notwithstanding the obligation of the Company under this Section 3.3 to use all commercially reasonable efforts to collect such reinsurance recoverables, the risk of the Company not collecting or being unable to collect (for whatever reason) any amount due under Ceded Reinsurance shall be borne by the Reinsurer in accordance with Line 2 of Schedule B of this Agreement.

• The Company shall manage and administer the Ceded Reinsurance Agreements, including providing all reports and notices required with regard to the Ceded Reinsurance Agreements to the reinsurers within the time required by the applicable reinsurance agreement and doing all other things necessary to comply with the terms and conditions of the Ceded Reinsurance Agreements.

More Definitions of Ceded Reinsurance

Ceded Reinsurance means all reinsurance ceded by the Ceding Company (other than the reinsurance provided pursuant to this Agreement or any retrocession hereof) covering liabilities under the Reinsured Policies or the Assumed Reinsurance Contracts (but only to the extent such reinsurance covers the Reinsured Policies or the Assumed Reinsurance Contracts) and that is (i) in effect or is being treated as in effect on the Effective Time or terminated but under which there remains any outstanding liabilities of the reinsurer, or (ii) entered into following the Effective Time by the Administrator on behalf of the Ceding Company with the prior written consent of the Ceding Company.

Ceded Reinsurance means all reinsurance pursuant to contracts, binders, certificates, policies, treaties or other evidence of reinsurance pertaining to Asbestos-Related Liabilities and ceded by the Insurer Subsidiaries to reinsurers.

Ceded Reinsurance means reinsurance ceded by any Insurance ----------------- Subsidiary to any other Person (other than to another Insurance Subsidiary), other than Surplus Relief Reinsurance.

Ceded Reinsurance means those contracts of reinsurance in effect on the Effective Date as to which the Reinsured is a party as a ceding insurer and that reinsures the obligations of the Reinsured with respect to any portion of Aggregate Ultimate Net Losses hereunder. Ceded Reinsurance shall specifically not include the Quota Share Reinsurance Contract entered into by the Reinsured with affiliates of Superior National Insurance Group, Inc. effective May 1, 1998.

Ceded Reinsurance means all business ceded pursuant to facultative reinsurance contracts or treaty reinsurance contracts pertaining to Run-Off Liabilities and ceded by Insurer Subsidiaries of Agency Markets to reinsurers other than other Insurer Subsidiaries of Agency Markets.

Ceded Reinsurance means reinsurance ceded by the Target Subsidiary to

Ceded Reinsurance means those contracts of reinsurance or retrocession in effect as of the date hereof to which AXA RE or one or more of the Guaranteed Reinsurance Subsidiaries and Branches is a party as a ceding insurer or reinsurer and that reinsure the obligations of AXA RE or one or more of the Guaranteed Reinsurance Subsidiaries and Branches, including, without limitation, those contracts of ceded reinsurance listed on Schedule 1 hereto. Ceded Reinsurance shall not include the Quota Share Retrocession Agreement or the Canadian Quota Share Retrocession Agreement.