Original Reinsurance Agreement definition

Original Reinsurance Agreement has the meaning set forth in the recitals.
Sample 1Sample 2Sample 3
Original Reinsurance Agreement has the meaning set forth in the recitals. “Original Treaty (C)” has the meaning set forth in the recitals.
Sample 1

Examples of Original Reinsurance Agreement in a sentence

  • In order to provide adequate security for the Ceding Company’s statutory reserve credit on the Effective Date, the Reinsurer shall pay to the Ceding Company the excess of the Initial Coinsurance Reserve over the amounts held by the Ceding Company under the Original Reinsurance Agreement on the Effective Date.

  • Pursuant to the terms of the Original Reinsurance Agreement, the Ceding Company established and maintained a Segregated Asset Portfolio, as described in Schedule E of the Original Reinsurance Agreement.

  • The term "Requisite Holders" shall mean the holders of at least sixty-seven percent (67%) of the outstanding shares of Common Stock held by the Major Stockholders.

  • The Retrocedant, either directly or through the Underwriting Manager, will remit to the Retrocessionaire its proportionate share of the Gross Net Written Premium on all policies inforce, written or renewed under the Original Reinsurance Agreement with an effective date on or after the inception of this Agreement, for sections A-C as described in Article 2-Cover.

  • For the avoidance of doubt, Reinsurance Loss includes, without limitation, amounts due under any Novated Reinsurance Agreement at the Effective Date by reason of not having been paid under the corresponding Original Reinsurance Agreement and further includes amounts becoming due under the Novated Reinsurance Agreements after the Effective Date but arising out of liabilities or events prior to the Effective Date.

  • This Agreement covers original policies wherever issued in the United States of America, and reinsured under the Original Reinsurance Agreement by the Retrocedant.

  • The Retrocessionaire will be credited with its proportionate share of any salvage or subrogation recoveries (i.e. as under the Original Reinsurance Agreement, reimbursement obtained or recovery made by the Original Company, less the actual cost, excluding salaries of officials and employees of the Original Company, of obtaining such reimbursement or making such recovery) on account of claims and settlements involving policies reinsured under the Original Agreement and in turn hereunder.

  • This Agreement will cover 100% of any extra contractual obligations, as defined in this Article, and is intended to follow that contained in the Original Reinsurance Agreement.

  • Recoveries from any form of insurance or reinsurance which protects the Original Company against claims the subject matter of this Article will inure to the benefit of the Retrocedant under the Original Reinsurance Agreement and the Retrocessionaire under this Agreement, and shall be deducted to arrive at the amount of the Retrocessionaire's liability under this Article.

Related to Original 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.

  • 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;

  • 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.

  • Lease Agreement means the bargain, with respect to the lease, of the lessor and the lessee in fact as found in their language or by implication from other circumstances including course of dealing or usage of trade or course of performance as provided in this article. Unless the context clearly indicates otherwise, the term includes a sublease agreement.

  • 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.

  • Labor peace agreement means an agreement between an entity and a

  • Master Lease Agreement has the meaning set forth in Section 7.2(c)(xiv).

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

  • 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.

  • Licence Agreement means an agreement (whether or not in writing) between the owner of student accommodation and a student giving a licence to the student;

  • Letter Agreement means that certain letter agreement between the initial Holder hereof and the Company, dated as of August 21, 2023, pursuant to which such initial Holder agreed to exercise one or more warrants to purchase shares of Common Stock and the Company agreed to issue to the initial Holder this Warrant.

  • 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.

  • Water Agreement means an agreement entered into between the Water Corporation (established pursuant to section 4 of the Water Corporation Act 1995) and BHP Iron Ore Pty. Ltd. ACN 008 700 981 as agent for BHP Direct Reduced Iron Pty. Ltd. and the Mount Xxxxxx and Mount Goldsworthy Mining Associates Joint Venturers in a form approved by the Minister in relation to the supply of water for, inter alia, the Joint Venturers’ water requirements for the purposes of this Agreement at Port Hedland;

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

  • Expense Agreement means the Agreement as to Expenses and Liabilities between the Depositor and the Trust, substantially in the form attached as Exhibit D, as amended from time to time.

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

  • Data Use Agreement means the agreement incorporated into the Contract to facilitate creation, receipt, maintenance, use, disclosure or access to Confidential Information.

  • 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.

  • 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.

  • 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;

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

  • 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.

  • Mutual aid agreement means an agreement between the City and a town or other city for the City’s fire department to provide assistance to the fire department of a town or other city.

  • PJM Reliability Assurance Agreement means that certain Reliability Assurance Agreement Among Load Serving Entities in the PJM Region, on file with FERC as PJM Interconnection L.L.C. Rate Schedule FERC No. 44, and as amended from time to time thereafter.