Existing Reinsurance Contracts definition

Existing Reinsurance Contracts means those Third Party Reinsurance Contracts between the Cedent and any Third Party Reinsurer that cover Post-Effective Date Losses listed on Schedule A attached hereto.
Existing Reinsurance Contracts means the reinsurance agreements, contracts or treaties under which the Company ceded certain liabilities relating to the Prior Insurance Business.
Existing Reinsurance Contracts has the meaning set forth in Section 2.16(a).

Examples of Existing Reinsurance Contracts in a sentence

  • All Existing Reinsurance Contracts shall inure to the benefit of the Reinsurer with respect to Pre-Effective Date Losses and shall inure to the benefit of the Cedent with respect to Post-Effective Date Losses.

  • Except as described on Section 3.13.1 of the Company Disclosure Schedule, neither the Company nor the Company Insurance Subsidiaries has received any written notice from any of the reinsurers party to the Existing Reinsurance Contracts that any amount in excess of $500,000 recoverable by the Company Insurance Subsidiaries pursuant to an Existing Reinsurance Contract is not fully collectible in due course.

  • None of the Existing Reinsurance Contracts contains any provision providing that the reinsurer thereto may modify, amend, cancel, commute, or terminate such Existing Reinsurance Contract as a result of the consummation of the transactions contemplated by this Agreement.

  • All liabilities of the Company that have arisen or could arise under any insurance contract or any reinsurance contract to which the Company is a party have been and will be ceded pursuant to the Existing Reinsurance Contracts and the Reinsurance Agreement.

  • All liabilities of the Company that have arisen or could arise under any insurance contractor any reinsurance contract to which the Company is a party have been and will be ceded pursuant to the Existing Reinsurance Contracts and the Reinsurance Agreement.


More Definitions of Existing Reinsurance Contracts

Existing Reinsurance Contracts. Section 3.13.1

Related to Existing Reinsurance Contracts

  • Insurance Contracts means all contracts and policies of insurance and re-insurance maintained or required to be maintained by or on behalf of any Grantor under the Loan Documents.

  • Insurance Contract means a contract (other than an Annuity Contract) under which the issuer agrees to pay an amount upon the occurrence of a specified contingency involving mortality, morbidity, accident, liability, or property risk.

  • Reinsurance Agreements means any agreement, contract, treaty, certificate or other arrangement by which any Insurance Subsidiary agrees to transfer or cede to another insurer all or part of the liability assumed or assets held by it under one or more insurance, annuity, reinsurance or retrocession policies, agreements, contracts, treaties, certificates or similar arrangements. Reinsurance Agreements shall include, but not be limited to, any agreement, contract, treaty, certificate or other arrangement that is treated as such by the applicable Department.

  • Reinsurance means the activity consisting in accepting risks ceded by an insurance undertaking or by another reinsurance undertaking or, in the case of the association of underwriters known as Lloyd's, the activity consisting in accepting risks, ceded by any member of Lloyd's, by an insurance or reinsurance undertaking other than the association of underwriters known as Lloyd's;

  • Cash Value Insurance Contract means an Insurance Contract (other than an indemnity reinsurance contract between two insurance companies) that has a Cash Value greater than $50,000.

  • Reinsurance Agreement means any agreement, contract, treaty, certificate or other arrangement whereby any Regulated Insurance Company agrees to transfer, cede or retrocede to another insurer or reinsurer all or part of the liability assumed or assets held by such Regulated Insurance Company under a policy or policies of insurance issued by such Regulated Insurance Company or under a reinsurance agreement assumed by such Regulated Insurance Company.

  • variable insurance contract means a contract of life insurance under which the interest of the purchaser is valued for purposes of conversion or surrender by reference to the value of a proportionate interest in a specified portfolio of assets.

  • FHA Mortgage Insurance Contract means the contractual obligation of the FHA respecting the insurance of a Mortgage Loan.

  • Insured contract means any written: a. leases of premises; b. easement agreements, except those concerning construction or demolition operations abutting railroad property; c. obligation to insure a municipality as required by law or ordinance, except in connection with work for the municipality; d. sidetrack agreements; or e. elevator maintenance agreements.

  • Insurance Schedule means Schedule 3 attached hereto.

  • Retrocession Agreement means any agreement, contract, treaty or other arrangement whereby one or more insurers or reinsurers, as retrocessionaires, assume liabilities of reinsurers under a Reinsurance Agreement or other retrocessionaires under another Retrocession Agreement.

  • Reinsured Policies has the meaning assigned to it in the Reinsurance Agreement.

  • Reinsurers shall be understood to mean “Reinsurers”, “Underwriters” or whatever other term is used in the attached reinsurance document to designate the reinsurer or reinsurers.

  • Reinsured Liabilities means the General Account Liabilities, the Risk Control Separate Account Liabilities, the Declared Rate Separate Account liabilities and the Variable Separate Account Liabilities.

  • Reinsurance intermediary means a reinsurance intermediary-broker or a reinsurance intermediary-manager.

  • Insurance Costs means the sums described in paragraph 1.1 of Part 5 of the Schedule;

  • Ceding Company has the meaning set forth in the preamble.

  • Service Contracts means contracts or agreements, such as maintenance, supply, service or utility contracts.

  • Reinsurer has the meaning set forth in the preamble.

  • Insurance Consultant or "consultant" means a person who:

  • Ceding Commission means [REDACTED]. ]

  • Insurance Agreement means the insurance and indemnity agreement identified in the Adoption Annex.

  • Insurance Companies means the companies with whom the Insurance Policies are held.

  • Insurance carrier means every insurance carrier duly

  • Insurance Policies has the meaning set forth in Section 3.16.

  • Insurance Assignment each collateral assignment of insurance pursuant to which an Obligor assigns to Agent, for the benefit of Secured Parties, such Obligor’s rights under key-man life, business interruption or other insurance policies as Agent deems appropriate, as security for the Obligations.