Indirect Business definition
Indirect Business means the Policies which arc the subject of the reinsurance provided by the Company under the KILICO Agreement.
Examples of Indirect Business in a sentence
The Company shall said all Non-Guaranteed Elements with respect to the Direct Business and the Indirect Business, taking into account the written recommendations of Designated Representative of the Reinsurer.
If upon termination of this Agreement as to the Indirect Business, the SAP book value of the General Account Assets in the Direct Business is below $15,000,000, the Parties shall cooperate to convert this Agreement into a full coinsurance agreement in respect of the remaining General Account Liabilities.