Coinsurance Agreement definition

Coinsurance Agreement shall have the meaning set forth in the first recital hereof.

Coinsurance Agreement means the Coinsurance Agreement by and between the Company and the Reinsurer of even date herewith and which is entered into in conjunction with this Agreement in order to give full effect to the Asset Purchase Agreement.

Coinsurance Agreement shall have the meaning specified in the recitals.

Examples of Coinsurance Agreement in a sentence

• The Parties to the Amended and Restated Coinsurance and Modified Coinsurance Agreement dated January 1, 2019 have agreed that the Accountings described in Section V - Accountings of the Agreement shall be performed on a monthly basis.

• For the avoidance of doubt, unless and until a Novation Subject Contract becomes a Novated Contract, the Ceding Company shall retain control over the Non-Guaranteed Elements for such Novation Subject Contract in accordance with the terms of the Coinsurance Agreement.

• After the Effective Date and upon the terms and subject to the conditions, including Section XVI of the Coinsurance Agreement, and other provisions of this Assumption Agreement and any required governmental and regulatory consents and approvals, the Company, if requested to do so by the Reinsurer, hereby agrees to cede to the Reinsurer and the Reinsurer hereby agrees to accept and reinsure, on an assumption basis, any Reinsured Policy.

• Notwithstanding the foregoing, the fact that a Reinsured Policy has not been or cannot be assumed and novated by the Reinsurer pursuant to the terms and conditions of this Assumption Agreement, for whatever reason, shall in no event cause it not to be a Reinsured Policy under the Coinsurance Agreement.

• Notwithstanding the provisions of Section 2.1 hereof, the Reinsurer will not be deemed to have accepted and reinsured, on an assumption basis, any Reinsured Policy unless the Reserves and Liabilities underlying such Reinsured Policy shall have been ceded by the Company to the Reinsurer, and accepted by the Reinsurer, pursuant to Article II of the Coinsurance Agreement, effective as of the Effective Date.

More Definitions of Coinsurance Agreement

Coinsurance Agreement means the agreement between VFL and Purchaser in the form of Exhibit B hereto.

Coinsurance Agreement means that certain Coinsurance Agreement entered into contemporaneously with the execution of this Agreement, by and between the Company and Buyer, attached hereto as Exhibit E.

Coinsurance Agreement means the Coinsurance and Assumption Agreement between CGLIC and CIGNA Life substantially in the form attached hereto as Exhibit E.

Coinsurance Agreement means each Coinsurance Agreement as defined in the Master Agreement.

Coinsurance Agreement means the Coinsurance Agreement, in the form of Annex B hereto, to be entered into by Seller and Unicare on the Closing Date.

Coinsurance Agreement shall have the meaning set forth in Section 1.6.

Coinsurance Agreement means the Coinsurance Reinsurance Agreement, dated July 14, 1997, and effective October 1, 1997, by and between Commonwealth National Life Insurance Company, a Mississippi stock life insurance company and Central United (a copy of which is attached hereto as Exhibit A).