Other Reinsurance definition
Other Reinsurance means reinsurance ceded with respect to Reinsured Policies under the terms of the ceded reinsurance agreements that the Company has entered into with third parties prior to the Effective Time covering the Reinsured Policies, including the ceded reinsurance agreements listed on Schedule 13.1(ttt) hereto, and any ceded reinsurance agreement entered into by the Company with the Reinsurer’s consent pursuant to Section 1.7, as all such reinsurance ceded may be in force from time to time.
Other Reinsurance means any Reinsurance Agreements that remain in effect on and after the Effective Date and which continue to reinsure the Ceding Company as set forth in Schedule 8.02(c) hereto.
Other Reinsurance means those contracts entered into by the Reinsured with insurance or reinsurance companies other than the Corporation which reinsure the policies.
Examples of Other Reinsurance in a sentence
All correspondence from either the Company or the Reinsurer to any reinsurer under Other Reinsurance in connection with any such proposed novation shall be in a form approved by the other Party; provided that any such approval shall not be unreasonably withheld, conditioned or delayed.
In no event shall any such right to indemnification reduce the Reinsurer’s responsibility for the risk of all Other Reinsurance.
This Agreement is written on a “gross” basis and thus the costs and benefits of Other Reinsurance inuring on the Reinsured Policies are intended to be borne by the Reinsurer.
The Company shall have no obligation to pursue any claims it may have for indemnification to which it may be entitled in connection with the Other Reinsurance unless requested to do so by the Reinsurer and at the cost and expense of the Reinsurer (including reasonable out-of-pocket expenses incurred by the Company).
Subject to the terms and conditions of the Administrative Services Agreement, the Company agrees that it shall, at the direction and at the cost and expense of the Reinsurer (including any reasonable out-of-pocket expenses incurred by the Company), pursue commercially reasonable management and collection efforts with respect to the Other Reinsurance and, in general, will reasonably cooperate with the Reinsurer in the management of the Other Reinsurance.
More Definitions of Other Reinsurance
Other Reinsurance means reinsurance ceded by the Ceding Company from time to time to any other reinsurer with respect to liabilities of the Ceding Company related to the Reinsured Guaranteed Benefits. “Party” and “Parties” have the meaning set forth in the Preamble. “Person” means any natural person, corporation, company, partnership, association, limited liability company, limited partnership, limited liability partnership, trust or other legal entity or organization, including a Governmental Authority. “Premium Reconciliation Amount” has the meaning set forth in Section 3.1(d). “Premium Taxes” means, with respect to any period, the Taxes (including retaliatory Taxes), assessments and fees imposed on premiums relating to the Reinsured Guaranteed Benefits during such period by any state, local, or municipal Tax Authority. “Quarterly Hedge Net Result” means, with respect to any Quarterly Settlement Period, the amount (whether positive or negative) equal to (a) Hedge Results for such Quarterly Settlement Period minus (b) Hedge Funding Costs for such Quarterly Settlement Period. “Quarterly Hedge Net Result Amount” has the meaning set forth in Section 4.8(d). “Quarterly Hedge Settlement Amount” means, with respect to any Quarterly Settlement Period, the sum (whether positive or negative) of (a) the Quarterly Hedge Net Result Amount allocated to such Quarterly Settlement Period pursuant to Section 4.8(d) less (b) the aggregate of all Deferred Hedge Losses allocated to such Quarterly Settlement Period pursuant to Section 4.8(d) plus (c) the aggregate of all Deferred Hedge Gains allocated to such Quarterly Settlement Period pursuant to Section 4.8(d). “Quarterly Settlement Amount” has the meaning set forth in Section 5.2(a). “Quarterly Settlement Date” has the meaning set forth in Section 5.2(a)(ii). “Quarterly Settlement Period” means each calendar quarter during the term of this Agreement or any fraction thereof beginning on the Original Effective Date or ending on the Termination Date. The first Quarterly Settlement Period commenced on the Original Effective Date and ended on the last day of the calendar quarter in which the Original Effective Date fell, and the last Quarterly Settlement Period shall commence on the first day of the calendar quarter in which the Termination Date falls and end on the Termination Date. “Quarterly Settlement Report” has the meaning set forth in Section 5.1. “Recapture Payment Amount” has the meaning set forth in Section 8.4(a). “Recapture Payment ...
Other Reinsurance. (i) on or after the Effective Date under the express terms of the Reinsured Policies, including (x) any right to purchase additional coverage and obligations arising under legal or regulatory requirements applicable to the Reinsured Policies, (y) any
Other Reinsurance means reinsurance ceded by the Ceding Company from time to time t o any other reinsurer with respect to liabilities of the Ceding Company related to the Reinsured Contracts. “Party” and “Parties” have the meaning set forth in the Preamble. “Periodic Settlement Amount” has the meaning set forth in Section 5.2(a). “Periodic Settlement Date” has the meaning set forth in Section 5.2(a)(ii).
Other Reinsurance has the meaning set forth in the definition of “Insurance Liabilities” in this Section 1.1. (ff) “Party” means either the Ceding Company or the Reinsurer, as applicable, and “Parties” means both the Ceding Company and the Reinsurer. (gg) “Payment Failure Termination Date” has the meaning set forth in Section 9.1. (hh) “Permit” means governmental qualifications, registrations, filings, privileges, franchises, licenses, permits, approvals, authorizations or waivers issued or granted by Governmental Authorities.
Other Reinsurance. Except as provided in the "Covenants" section, the Company has the right to purchase additional reinsurance.
Other Reinsurance means reinsurance ceded with respect to Reinsured Policies under the terms of the ceded reinsurance agreements specified on Exhibit A.2 hereto. Reinsurance provided under the terms of that certain Life Reinsurance Agreement, effective as of June 30, 2002, between the Ceding Company and Old Mutual Reassurance (Ireland) Limited (the “OM Re Agreement”) and (ii) the RGA YRT Agreement shall not constitute Other Reinsurance or otherwise be deemed to constitute inuring reinsurance for purposes of this Agreement. Reinsurer shall have no interest in, or liability or obligation, contingent or otherwise with respect to, reinsurance provided under the terms of the OM Re Agreement, the RGA YRT Agreement or any share of risks ceded thereunder.
Other Reinsurance means all liabilities or other obligations ceded by Badger or an Insurance Subsidiary, if any, to third-party reinsurers prior to the Closing Date.