NICO Reinsurance Agreement definition

NICO Reinsurance Agreement means that certain reinsurance agreement between the Ceding Company and NICO, dated as of April 1, 2004, as amended as of the date hereof.
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NICO Reinsurance Agreement means the 100% Quota Share Reinsurance Agreement by and between the Company and Seller dated the Closing Date, in the specific form attached hereto as EXHIBIT A, pursuant to which Seller shall reinsure the Company's liabilities under the Insurance and Reinsurance Contracts in effect prior to the Closing Date.
Sample 1
NICO Reinsurance Agreement means the reinsurance agreement entered into between the Reinsurer and NICO whereby business covered under the definition of Business Covered is assumed by NICO from the Reinsured.
Sample 1

Examples of NICO Reinsurance Agreement in a sentence

  • In no event shall the Reinsurer bear the risk of collection of the NICO Reinsurance Recoveries or other amounts due under the NICO Reinsurance Agreement.

  • Notwithstanding any other provision of this Agreement, the Ceding Company shall retain the ultimate authority to make all final decisions with respect to the administration of the Reinsured Policies, the NICO Reinsurance Agreement and the Ceded Reinsurance Agreements; provided, that nothing in this Section 2.05 is intended to relieve the Ceding Company for any liability for any breach of the terms and conditions of this Agreement resulting from exercise of such ultimate authority.

  • All amounts payable to the Ceding Company under the NICO Reinsurance Agreement on or after the Effective Time shall inure to the benefit of the Reinsurer.

  • The Ceding Company shall have the right to negotiate with NICO and effect any amendment, termination, assignment or commutation of, or waiver of any right contained in, the NICO Reinsurance Agreement without consent of the Reinsurer.

  • Notwithstanding any other provision of this Agreement, the Ceding Company shall retain the ultimate authority to make all final decisions with respect to the administration of the Reinsured Policies and the NICO Reinsurance Agreement; provided, that nothing in this Section 2.05 is intended to relieve the Ceding Company for any liability for any breach of the terms and conditions of this Agreement resulting from exercise of such ultimate authority.

  • Except as disclosed in SCHEDULE 3.11, on the Closing Date (after giving effect to the NICO Reinsurance Agreement, and the transactions contemplated hereunder, including without limitation Section 5.8 hereof), the Company's assets shall consist of nothing more than the Closing Assets (it being understood that such assets shall be free and clear of all Liens).

  • The Company has also adopted a diversification policy of the board members, which was passed at the twentieth meeting of the 6th session of the Board.

  • Subject to any required Consents, immediately prior to the Closing, the Seller and the Company shall execute and deliver the NICO Reinsurance Agreement, pursuant to which the Seller shall reinsure all of the Company's remaining gross insurance liabilities under the Insurance and Reinsurance Contracts issued on or prior to the Closing Date and expenses related thereto as set forth in the NICO Reinsurance Agreement.

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More Definitions of NICO Reinsurance Agreement

NICO Reinsurance Agreement means that certain reinsurance agreement between the Ceding Company and NICO, dated as of April 1, 2004, as amended as of the date hereof. “NICO Reinsurance Recoveries” means (x) all amounts payable to the Ceding Company following the Applicable Effective Time under the NICO Reinsurance Agreement
Sample 1

Related to NICO Reinsurance Agreement

  • 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.

  • 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.

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

  • 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.

  • 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;

  • Data Sharing Agreement A formal agreement that documents what data is being shared and how the data can be used between the Parties. ‘‘Data Sharing Code of Practice” the code of practice issued by the Information Commissioner in respect to the sharing of personal data.

  • Sharing Agreement means a local marketing, joint sales, shared services or similar Contract.

  • Finance agreement means a loan, lease, or installment sale agreement for a motor vehicle. The term includes, but is not limited to, an installment sale contract, a retail installment contract, or a retail charge agreement.

  • reinsurance undertaking means reinsurance undertaking as defined in point (4) of Article 13 of Directive 2009/138/EC;

  • Labor peace agreement means an agreement between a

  • Tax Indemnity Agreement means that certain Tax Indemnity Agreement [NW ____ _], dated as of the date hereof, between the Owner Participant and Lessee, as originally executed or as modified, amended or supplemented pursuant to the applicable provisions thereof.

  • 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.

  • CMPPA Agreement means the CMPPA Agreement between the SSA and CHHS.

  • Severance Agreement means the Amended and Restated Key Executive Severance Agreement, dated as of the date hereof, between the parties, as it may be amended from time to time, that provides for certain benefits related to termination of the Executive’s employment that are unrelated to a Change of Control.

  • Customs Valuation Agreement means the Agreement on Implementation of Article VII of the General Agreement on Tariffs and Trade 1994, contained in Annex 1A to the WTO Agreement;

  • leasing agreement means an agreement by which one person (the lessor) grants a right to possession or control of an object (with or without an option to purchase) to another person (the lessee) in return for a rental or other payment;

  • Tax Protection Agreement means, collectively, (a) that certain Tax Protection Agreement, dated as of October 7, 2013 among the Parent, the Borrower, and the other parties named therein and (b) that certain Stockholders Agreement, dated as of August 23, 2016 among Parent and Q REIT Holding LLC, and the other parties named therein (and specifically, the tax related provisions in Article 6 thereof).

  • Athlete Agreement means the agreement that must be completed by any Athlete wishing to be considered for nomination and selection to the Games Team in accordance with clause8.4 of the NZOC Nomination and Selection Regulation.

  • SCM Agreement means the Agreement on Subsidies and Countervailing Measures in Annex 1A to the WTO Agreement;

  • Insurance Assignment means the valid and effective first legal assignment of the Insurances (together with the notice thereof), to be executed by the Borrower in respect of the Vessel in favour of the Trustee and the Commercial Loan Trustee, such assignment and notice to be in the form and on the terms and conditions required by the Agent, the Hermes Agent and the Commercial Loan Agent and agreed on the signing of the Original Loan Agreement and as specified in paragraph 47 of Schedule 4;

  • Cooperation Agreement means that certain Mortgage Loan Cooperation Agreement, dated as of the Closing Date, among Borrower, Lender and Sponsor, as the same may from time to time be amended, restated, replaced, supplemented or otherwise modified in accordance herewith.

  • Tax Compliance Agreement means the Federal Tax Certificate, Tax Compliance Agreement, Arbitrage Agreement, or other written certification or agreement of the Issuer setting out representations and covenants for satisfying the post-issuance tax compliance requirements for the Tax-Exempt Bonds.

  • Tax Sharing Agreement means any Tax indemnity agreement, Tax sharing agreement, Tax allocation agreement or similar contract or arrangement, whether written or unwritten (including, without limitation, any such agreement, contract or arrangement included in any purchase or sale agreement, merger agreement, joint venture agreement or other document).

  • Co-operation Agreement means an agreement relating to compensation arrangements in the form of the relevant template Co-operation Agreement being:

  • Xxxxxx Agreement means that certain Contingent Stock Agreement, effective as of January 1, 1996, by The Xxxxx Company in favor of and for the benefit of the Holders (named in Schedule I thereto) and the Representatives (therein defined), as amended.

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