Examples of Indemnity Reinsurance Agreement in a sentence
With respect to any Novated Contracts, as of the applicable Effective Time of such Novated Contracts, the Novated Contracts shall cease to be Reinsured Contracts under the Indemnity Reinsurance Agreement.
The Ceding Company and the Reinsurer entered into an Automatic Indemnity Reinsurance Agreement effective July 1, 2003, as amended and restated effective November 1, 2013, and as subsequently amended (“the Agreement”).
All New Credit Business produced under this arrangement shall be reinsured on a monthly basis (except during the Interim Period when the reinsured amounts shall be reinsured and settled at the Closing) to American Republic under the terms of the Indemnity Reinsurance Agreement.
This Business Associate Addendum (the "Addendum") supplements and is made a part of the Assumption and Indemnity Reinsurance Agreement (the "Agreement") by and between Health Net Life Insurance Company (the "Company") and SafeHealth Life Insurance Company (the "Reinsurer"), and is effective as of the effective date of the Agreement.
The Ceding Company and the Reinsurer entered into an Amended and Restated Automatic Indemnity Reinsurance Agreement as of January 1, 2010 as novated from Lincoln National Reinsurance Company (Barbados) Limited, as the former reinsurer, to the Reinsurer (“the Agreement”).
At the Closing, MONY and AUSA Life shall execute and deliver to each other the Indemnity Reinsurance Agreement in substantially the form of Exhibit B hereto.
FLIC and the Reinsurers acknowledge the existence of the Indemnity Reinsurance Agreement and agree that any of the Policies intended to be assumption reinsured pursuant to this Agreement but which, for any regulatory or other reason, may not be assumption reinsured as of the Effective Date, shall continue to be indemnity reinsured under the Indemnity Reinsurance Agreement until such time as they may be assumption reinsured under this Agreement.
Neither this Agreement, nor any right hereunder, may be assigned by either party (in whole or in part) without the prior written consent of the other party hereto, which consent shall not be unreasonably withheld provided, however, that Purchaser may not assign this Agreement or such rights so long as it is the reinsurer under the Indemnity Reinsurance Agreement.
If MLLIC is the assuming Reinsurer, MLLIC shall retain statutorily admissible assets equal to the statutory reserve established by MLLIC for such Policies pursuant to the Indemnity Reinsurance Agreement, computed in accordance with statutory accounting requirements.
At the Closing, MONY and AUSA Life shall execute and deliver to each other the Agreement Regarding Payments Made Relating to Indemnity Reinsurance Agreement in substantially the form of Exhibit D hereto.