Examples of Ceded Reinsurance Recoveries in a sentence
Following the consummation of the recapture, no additional Premiums or other amounts payable under such Reinsured Contracts shall be payable to the Reinsurer hereunder, nor, for the avoidance of doubt, shall the Reinsurer have any further right to receive any other Additional Reinsurance Consideration other than Ceded Reinsurance Recoveries paid or payable with respect to Reinsurer Extra-Contractual Obligations retained by the Reinsurer in accordance with Article VIII.
The parties agree and acknowledge that the collectability of reinsurance under the Ceded Reinsurance Contracts shall be at the risk and for the account of the Reinsurer, and that the Reinsurer shall pay all Reinsured Liabilities pursuant to the Administrative Services Agreement without regard to whether or not any Ceded Reinsurance Recoveries are actually collected.
Except as otherwise set forth herein or in the Administrative Services Agreement, settlement with respect to amounts owed hereunder by the Reinsurer to the Ceding Company and by the Ceding Company to the Reinsurer shall be performed through the direct payment by the Reinsurer (or its Affiliates) of Reinsured Liabilities and direct receipt by the Reinsurer (or its Affiliates) of Ceded Reinsurance Recoveries on an ongoing basis pursuant to the Administrative Services Agreement.
Gordon Gillespie, ‘Sunningdale and the 1974 Ulster Workers’ Council Strike’, History Ireland, Vol.15, No.3, (2007), pp.42-47; Hansard HC Deb Vol.352, 3 June 1974, pp.8-112.
PAYMENTS; CEDED REINSURANCE RECOVERIES; ADMINISTRATION 11 Section 3.1. Payments by the Parties 11 Section 3.2. Ceded Reinsurance Recoveries 11 Section 3.3. Delayed Payments 12 Section 3.4. Defenses 12 Section 3.5. Offset 13 Section 3.6. Policy Administration 13 Section 3.7. Bank Accounts 13 Section 3.8. Reports from the Reinsurer 14 Section 3.9. Termination of Administrative Services Agreement 15 Section 3.10.
Process for Conducting the Self-StudyThis program review closely follows the ongoing process of data collection and assessment for re-accreditation, occurring since the inception of both the MSW and BA programs in Tacoma.
The parties acknowledge and agree that the Reinsurer shall be responsible for and has hereby assumed the financial risk of any uncollected or uncollectible Additional Consideration, other than the First Unum Reinsurance Recoveries and the Specified Ceded Reinsurance Recoveries.
Ceded Reinsurance Recoveries shall be payable to the Reinsurer without regard to any amounts paid or payable by any reinsurer under the applicable Ceded Reinsurance Agreement arising out of or related to Extra- Contractual Obligations, it being understood that any payment for Extra-Contractual Obligations by a reinsurer under a Ceded Reinsurance Agreement shall not affect any benefit that would otherwise have been due to the Reinsurer in respect thereof.