Outward Reinsurance Agreements definition

Outward Reinsurance Agreements means (a) all reinsurance agreements with third-party reinsurers, which are assigned to the Administrator by the Company pursuant to the terms and conditions of the Asset Purchase Agreement and (b) any reinsurance agreements under which the Administrator retrocedes liabilities with respect to the Policies and Post-Closing Policies to reinsurers (whether or not affiliated with the Administrator) from and after the Effective Date.
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Outward Reinsurance Agreements shall have the meaning set forth in Section 3.25(b) hereof.
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Outward Reinsurance Agreements means all voluntary or involuntary third-party ceded reinsurance and retrocession treaties, facultative placements, and agreements or other contracts of ceded reinsurance in-force and relating to the Business as of the date of the Master Agreement to which any OneBeacon
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Examples of Outward Reinsurance Agreements in a sentence

  • Section 2.14.1 of the Seller's Disclosure Schedule lists all written Outward Reinsurance Agreements and a description or term sheet with all material terms of any oral Outward Reinsurance Agreements pursuant to which the Seller cedes or retrocedes or has any obligation to cede or retrocede risks assumed under the Reinsured Policies and all Reinsured Policies that are subject to such Outward Reinsurance Agreements.

  • Section 2.14.2 of the Seller's Disclosure Schedule lists all Inward Reinsurance Agreements pursuant to which the Seller reinsures or assumes or has any obligation to reinsure or assume risks of Policies issued or retroceded by reinsurers under the Outward Reinsurance Agreements.

  • The Seller will have, with respect to not less than 75% of the aggregate face amount reinsured of all Reinsured Policies subject to Outward Reinsurance Agreements on the date of this Agreement, either (a) effected an assignment to the Purchaser of the Outward Reinsurance Agreements (with or without an adjustment to the applicable premium), or (b) entered into one or more Substitute Outward Reinsurance Agreements.

  • All Outward Reinsurance Agreements: (a) are legal, valid, binding and in full force and effect; (b) are enforceable against the Seller, and, to the Seller's knowledge, each other party thereto, in accordance with their respective terms; (c) conform in all material respects to all Applicable Laws; and (d) reinsure Reinstated Policies in accordance with the Seller's customary reinstatement practices and the terms of the relevant Policies.

  • Except as set forth on Schedule 4.24, no Outward Reinsurance Agreements contains any provision providing that the other party thereto may terminate such agreement by reason of the transactions contemplated by this Agreement.

  • All Outward Reinsurance Agreements are in full force and effect to the respective dates noted on such Schedule, and no Seller or Parent is in default in any respect as to any provision of any Outward Reinsurance Agreements or has failed to meet the underwriting standards required for any business reinsurance thereunder.

  • All Outward Reinsurance Agreements are in full force and effect, no OneBeacon Subsidiary is in default in any respect as to any provision of any Outward Reinsurance Agreements, and, since December 31, 2000, no reinsurer under any Outward Reinsurance Agreement has failed to pay amounts due or has threatened or indicated that it will not pay amounts due thereunder in accordance with the terms and conditions thereof.

  • Except as indicated on SCHEDULE 3.20, no Outward Reinsurance Agreements contain any cut-through provisions or endorsements, or any other provision providing that such Outward Reinsurance Agreement may terminate or may be commuted by reason of the transactions contemplated by this Agreement.

  • As of the date of this Agreement, all Outward Reinsurance Agreements are in full force and effect to the respective dates noted on such Schedule 3.25(b), and Fremont is not in default in any respect as to any provision of any Outward Reinsurance Agreements or has failed to meet any standards required for any business reinsurance thereunder.

  • The Seller will use its commercially reasonable efforts to effect the assignment(s) or substitution of all Remaining Outward Reinsurance Agreements within 90 days after the Closing Date.


More Definitions of Outward Reinsurance Agreements

Outward Reinsurance Agreements means all voluntary or involuntary third-party ceded reinsurance and retrocession treaties, facultative placements, and agreements or other contracts of ceded reinsurance in-force and relating to the Business as of the date of the Master Agreement to which any OneBeacon Insurer is a party, all of which agreements are set forth in SCHEDULE 3.20 of the Master Agreement.
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Outward Reinsurance Agreements means any binder, contract, agreement, treaty, certificate, retrocession, understanding or other instrument of reinsurance ceded by the Seller, other than the Assumption Reinsurance Agreements or the Indemnity Reinsurance Agreements, in respect of any Reinsured Policy.
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Outward Reinsurance Agreements means all third party reinsurance agreements inuring to the benefit of Sellers with respect to or covering any portion of the liabilities under any of the Coinsured Contracts.
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Related to Outward Reinsurance Agreements

  • 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.

  • 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 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;

  • 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.

  • Insurance Contracts means all contracts and policies of insurance and re-insurance maintained or required to be maintained by or on behalf of any Grantor under the Loan Documents.

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

  • 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.

  • variable insurance contract means a contract of life insurance under which the interest of the purchaser is valued for purposes of conversion or surrender by reference to the value of a proportionate interest in a specified portfolio of assets.

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

  • Credit unemployment insurance means insurance:

  • 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.

  • Bilateral Agreement means the Canada-Ontario Integrated Bilateral Agreement for the Investing in Canada Infrastructure Program entered into between Canada and Her Majesty the Queen in right of Ontario, effective as of March 26, 2018, as amended.

  • Settlement Agreements means any settlement reached in the U.S. Litigation with any of the Settling Defendants.

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

  • Insurance Schedule means Schedule 3 attached hereto.

  • Reciprocal agreement means an agreement between this state and a higher education compact or 1 or more other states that allows participating colleges to provide distance education to residents of this state and other member states under this act.

  • VIE Agreements means the Exclusive Service Agreement, the Exclusive Call Option Agreement, the Shareholder Voting Rights Proxy Agreement and the Equity Pledge Agreement entered into by and among some or all of the Parties hereto on the same day this agreement is entered, including any supplemental agreements or amendments to such agreements, and any other agreements, contracts or legal documents executed or issued by one or more Parties and/or Party C’s affiliated enterprises from time to time to ensure the performance of the aforesaid agreements, signed or accepted by Party A in writing.

  • Insurance Companies means the companies with whom the Insurance Policies are held.

  • Health-care-insurance receivable means an interest in or claim under a policy of insurance which is a right to payment of a monetary obligation for health-care goods or services provided.

  • Cash Value Insurance Contract means an Insurance Contract (other than an indemnity reinsurance contract between two insurance companies) that has a Cash Value greater than $50,000.

  • Medicare supplement policy means a group or individual policy of [accident and sickness] insurance or a subscriber contract [of hospital and medical service associations or health maintenance organizations], other than a policy issued pursuant to a contract under Section 1876 of the federal Social Security Act (42 U.S.C. Section 1395 et. seq.) or an issued policy under a demonstration project specified in 42 U.S.C. § 1395ss(g)(1), which is advertised, marketed or designed primarily as a supplement to reimbursements under Medicare for the hospital, medical or surgical expenses of persons eligible for Medicare. “Medicare supplement policy” does not include Medicare Advantage plans established under Medicare Part C, Outpatient Prescription Drug plans established under Medicare Part D, or any Health Care Prepayment Plan (HCPP) that provides benefits pursuant to an agreement under §1833(a)(1)(A) of the Social Security Act.

  • Mortgage guaranty insurance means surety insurance under which a mortgagee or other creditor is indemnified against losses caused by the default of a debtor.

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

  • Ceding Company has the meaning set forth in the preamble.

  • Medical malpractice insurance means insurance against legal liability incident to the practice and provision of a medical service other than the practice and provision of a dental service.