FOLLOW THE FORTUNES definition

FOLLOW THE FORTUNES. The reinsurance provided by the terms of this Agreement shall be subject to the same terms and conditions under which the original insurance was concluded, or which may be or may have been agreed to during the term of the original insurance contract.
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FOLLOW THE FORTUNES. The Reinsurer's liability shall attach simultaneously with that of the Company and shall be subject in all respects to the same risks, terms, conditions, interpretations, waivers and to the same modifications, alterations, and cancellations as the respective policies issued by the Company, the true intent of this Agreement being that the Reinsurer shall, in every case to which this Agreement applies, follow the fortunes of the Company, subject in all cases to the limits, exclusions, terms and conditions set forth in this Agreement. TERRITORY In respect of business written by the Company, this Agreement shall apply to policies issued in New York, New Jersey, Pennsylvania and Connecticut. To the extent that the Company becomes authorized to transact insurance in any jurisdiction in addition to those set forth above, the Company may request that the Reinsurer amend this Agreement to include policies issued in such jurisdictions. With respect to policies issued in New Jersey, Pennsylvania and Connecticut ("Non-New York Policies"), the maximum overall New Written Premium that may be ceded by the Company to this Agreement shall be 10% of Net Written Premium in the aggregate for these states (the "Premium Cap"). To the extent that the Company's overall Net Written Premium for Non-New York Policies exceeds the Premium Cap, the Cession Percentage for Non-New York Policies shall be adjusted by dividing 10% (ten percent) of Net Written Premium by the actual percentage of Net Written Premium and multiplying that result by the Cession Percentage elected in the Coverage Article.
Sample 1
FOLLOW THE FORTUNES. The reinsurance provided by the terms of this Pooling Agreement shall be subject to the same risks, terms and conditions under which the original policies and contracts for Traditional Insurance Business were written, or which may be or may have been agreed to during the term of the original insurance policy or contract, the intent of this Agreement being that the Pooled Companies shall, in every case to which this Agreement applies and in the proportions specified herein, follow the underwriting fortunes of one another in respect of the risk that has been written.
Sample 1

Examples of FOLLOW THE FORTUNES in a sentence

  • ALL INTEGRAL TO THE SETTLEMENT ITSELF AND UNDER FOLLOW THE FORTUNES PRINCIPLES MAY NOT BE SECOND-GUESSED Appellants’ attacks on what they mischaracterize as post- settlement allocation decisions “are in actuality attacks on the settlement” itself.

  • ARTICLE TEN -- FOLLOW THE FORTUNES It is agreed that any reinsurance afforded hereunder is subject to the terms and conditions of the Policy or Policies and automatically follows all changes in coverage and all endorsements made a part of such Policy or Policies, or any of the COMPANY'S evidences of liability subject to the other terms and conditions of this Agreement, as set forth herein.

  • LOSS AND LOSS EXPENSE; SALVAGE AND SUBROGATION; FOLLOW THE FORTUNES Retrocessionaire shall be liable for one hundred percent (100%) of all future loss, loss adjustment expenses, incurred but not reported losses and other payment obligations as incurred by Retrocedant under the Reinsurance Contracts on and after the Effective Date.

  • FOLLOW THE FORTUNES Retrocessionaire shall be liable for one hundred percent (100%) of all future loss, loss adjustment expenses, incurred but not reported losses and other payment obligations as incurred by Retrocedant under the Reinsurance Contracts on and after the Effective Date.

Related to FOLLOW THE FORTUNES

  • Service and support administrator means a person, regardless of title, employed by or under contract with a county board to perform the functions of service and support administration and who holds the appropriate certification in accordance with rule 5123:2-5-02 of the Administrative Code.

  • Travel Advisory or Travel Warning means U.S. State Department communication advising caution in traveling to specified destinations due to reasons such as armed violence, civil or political unrest, high incidence of crime (specially kidnapping and/or murder), natural disaster or outbreak of one or more contagious diseases.

  • Head Teacher means the head teacher of the Academy;

  • TMA means the Taxes Management Xxx 0000;

  • Special categories of personal data means information about an individual's racial or ethnic origin, political opinions, religious or philosophical beliefs, trade union membership, health, sex life or sexual orientation and biometric data.

  • Quality Management Plan means the portion of the Project Development Plan providing the information requested in Section 4.3 of Exhibit B to the ITP.

  • Investment Client means (i) any investment company registered as such under the Investment Company Act, any series thereof, or any component of such series for which the Adviser acts as investment adviser; or (ii) any private account for which the Adviser acts as investment adviser.

  • Home and community-based services or "HCBS" means Home and Community-Based Services as defined in OAR chapter 411, division 004.

  • Mobile crisis outreach team means a crisis intervention service for minors or families of minors experiencing behavioral health or psychiatric emergencies.

  • Objective medical evidence means reports of examinations or treatments; medical signs which are anatomical, physiological, or psychological abnormalities that can be observed; psychiatric signs which are medically demonstrable phenomena indicating specific abnormalities of behavior, affect, thought, memory, orientation, or contact with reality; or laboratory findings which are anatomical, physiological, or psychological phenomena that can be shown by medically acceptable laboratory diagnostic techniques, including but not limited to chemical tests, electrocardiograms, electroencephalograms, X-rays, and psychological tests;

  • RMC shall have the meaning provided in Section 3.2.

  • Lowest acceptable tender means a tender that complies with all specifications and conditions of tender and that has lowest price compared to other tenders;

  • Extremely low-income household means a single person,

  • Quality Assurance Program means the overall quality program and associated activities including the Department’s Quality Assurance, Design-Builder Quality Control, the Contract’s quality requirements for design and construction to assure compliance with Department Specifications and procedures.

  • third-country national means any person who is not a citizen of the Union within the meaning of Article 17(1) of the Treaty;

  • Involuntary Resettlement Safeguards means the principles and requirements set forth in Chapter V, Appendix 2, and Appendix 4 (as applicable) of the SPS;

  • Substitute teacher means a person employed to perform the normal duties of a teacher who is absent.

  • Payment Initiation Service Provider or “PISP” means an authorised third party provider which provides a service that allows that third party to pass payment instructions to us on your behalf in relation to your Account.

  • the harbour means Harwich Harbour as described in subsection (1)(a) of Section 4 of the

  • Harbour Master means the ABP Harbour Master or Dock Master for the Port (as appropriate) or their authorised representative;

  • Benchmarks mean the performance milestones that are set forth in Appendix D.

  • Training manager means the individual responsible for administering a training program and monitoring the performance of principal instructors and guest instructors.

  • Additional Business Centre(s means the city or cities specified as such in the relevant Final Terms;

  • Investment Company Client means any Investment Company (or series thereof ) as to which the Firm is an investment adviser or investment sub-adviser.

  • Service Provider Number Portability (SPNP) is synonymous with Permanent Number Portability “PNP”.

  • Alternative school means an environment established apart from the regular educational program and that includes policies and rules, staff, and resources designed to accommodate student needs and to provide a comprehensive education consistent with the student learning goals and content standards established by the school district or by the school districts participating in a consortium. Students attend by choice.