Quota Share Contract definition

Quota Share Contract means the quota share reinsurance agreement entered into by and between the Insurer and the Reinsurer by virtue of incorporation of the Quota Share Contract into the I&L Agreement upon the signing of the former by the Insurer and the signing of the latter by the Insurer and the Reinsurer.
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Quota Share Contract means the quota share reinsurance agreement entered into by and between the Insurer and the Reinsurer by virtue of incorporation of the Quota Share Contract into
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Quota Share Contract means any contract between a corporate member and another person which—
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Examples of Quota Share Contract in a sentence

  • The Insurer has secured, at the Effective Date, reinsurance coverage under the Quota Share Contract for one hundred percent (100%) of its liabilities under this Policy with Reinsurers.

  • Any changes to the participation percentages of the Reinsurers under the Quota Share Contract, including the addition of any new reinsurers, after the Effective Date must be approved in writing by the Insured.

  • The Quota Share Contract shall be reviewed and approved by the Insured, as an express intended third-party beneficiary thereunder, and the Insurer hereby agrees that the Quota Share Contract and each I&L Agreement may not be amended without the prior written consent of the Insured.

  • The parties agree to act reasonably and in good faith with respect to such requests in order to ensure that the Reinsurer is able to satisfy its obligations under the Quota Share Contract and the Trust Agreement to deposit Eligible Assets in the Trust Account.

  • The Insurer shall enter into the Quota Share Contract contemporaneously with the issuance of this Policy.

  • The Insured's failure to provide the Payment Date Statement or Proof of Loss within the foregoing period shall not relieve the (i) Insurer of its obligations under this Policy, or (ii) the Reinsurer of any of its obligations under the Quota Share Contract.

  • To secure claims payment obligations under this Policy and the Quota Share Contract, the Quota Share Contract shall require the Reinsurer to, among other things, deposit Eligible Assets in the Trust Account within thirty (30) calendar days after the Effective Date and maintain Eligible Assets in an amount as determined under and pursuant to the Quota Share Contract and the Trust Agreement.

  • This Policy shall cancel automatically in the event the Quota Share Contract is terminated with respect to all Reinsurers, effective as of the termination date of the Quota Share Contract.

  • The Quota Share Contract shall include written representations and warranties substantially similar to those set forth in this Article III(A) and (D) through (P).

  • The Quota Share Contract shall include provisions substantially similar to the provisions of this Article VII (A), (B), (C)(1), (D), (E), (I), (M), (N), (O), (P) and (Q).

Related to Quota Share Contract

  • quota means the number calculated in accordance with rule STV46,

  • Share Charge shall have the meaning provided in Section 5.06.

  • Share Compensation Arrangement means any stock option, stock option plan, employee stock purchase plan or any other compensation or incentive mechanism involving the issuance or potential issuance of Shares, including a share purchase from treasury which is financially assisted by the Corporation by way of a loan, guarantee or otherwise;

  • Per Share Consideration means (i) if the consideration paid to holders of the Common Stock consists exclusively of cash, the amount of such cash per share of Common Stock, and (ii) in all other cases, the volume weighted average price of the Common Stock as reported during the ten (10) trading day period ending on the trading day prior to the effective date of the applicable event. If any reclassification or reorganization also results in a change in shares of Common Stock covered by subsection 4.1.1, then such adjustment shall be made pursuant to subsection 4.1.1 or Sections 4.2, 4.3 and this Section 4.4. The provisions of this Section 4.4 shall similarly apply to successive reclassifications, reorganizations, mergers or consolidations, sales or other transfers. In no event will the Warrant Price be reduced to less than the par value per share issuable upon exercise of the Warrant.

  • Relevant Price or "S(k)" means, in relation to a Fund Interest and any Strategy Calculation Date, the Fund Value per Fund Interest.