Commuted Business definition

Commuted Business means the business written by the Company that was reinsured by the Reinsurer pursuant to the Subject Reinsurance Agreement and was commuted by the Company pursuant to the Partial Commutation Agreement.
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Commuted Business has the meaning set forth in Article II.
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Examples of Commuted Business in a sentence

  • The Commutation Balances shall also include amounts in respect of the Commuted Business that are paid to or received by the Reinsurer on behalf of the Company after the Effective Time but prior to the Commutation Closing Date.

  • The Company and the Reinsurer agree that their liability to each other solely with respect to the Commuted Business shall be discharged by the Reinsurer's delivery to the Company of cash and invested assets in the amount of$312,785,677 (the "Commutation Pavment"), which is the sum of the net ceded reserves in the amount of $330,68 1,515 with respect to the Commuted Business as of 12.31.

  • The interest maintenance reserve liability that is so attributable to the Commuted Business as of the Effective Time shall be determined pursuant to Section 3.3 and shall be reflected in the Final Commutation Balance Sheet.

  • SCHEDULE 2 Commuted Business "Commuted Business" includes policies with the following coding in the general ledger for company code 034.

  • The Commuted Business is identified as set forth in Exhibit 1, Business Identification.

  • The Commutation Balance Sheet includes the financial statement impacts related to the Commuted Business resulting from the execution of the Agreement.

  • Certain transactions after March 31, 2013 may utilize additional account numbers associated with the Commuted Business or the Company.

  • Page 3, Line 1 611 1E 31 Page 3, Line 2 601 1A 42 Page 3, Line 3 611 1E 32 Page 3, Line 4.1 ▇▇▇ ▇▇ ▇▇ Page 3, Line 4.2 611 1E 42 Page 3, Line 27 601 1A 52 Commuted Business excludes certain Specified Life Business return of premium riders coded to product group 63.