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

  • For the avoidance of doubt, such participation percentage increase is necessary to account for the reduction provisions of the Reduction Under Quota Share Contract Article of the Policy.

  • 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).

  • All classes and lines of business excluded under the All Lines Quota Share Contract are not authorized to be written under this Agreement.

  • The General Agent shall be allowed to withhold commission at the quota share Minimum/Provisional Commission percentage rate ([**]) times net written premiums [**] for all lines noted above and as set forth in the All Lines Quota Share Contract.

  • This Agreement and that certain Strategic Alliance Agreement, Insurance Services Agreement, Multiple Peril Crop Insurance Quota Share Contract - effective July 1, 1997 Multiple Peril Crop Insurance Quota Share Agreement - effective July 1, 1997, and the Crop Hail Quota Share Reinsurance Contract - effective January 1, 1998, between the parties, represent the entire agreement and understanding among the parties.

  • This Agreement and that certain Strategic Alliance Agreement, the Ancillary Agreements, Crop Hail Insurance Services and Indemnity Agreement, MPCI Insurance Services and Indemnity Agreement, Multiple Peril Crop Insurance Quota Share Contract - effective July 1, 1997, Crop Hail Quota Share Reinsurance Contract - effective January 1, 1998, and the Crop Hail Quota Share Agreement - effective January 1, 1998, between the parties, represent the entire agreement and understanding among the parties.

  • The Company agrees that any profit commissions which may become due, as set forth in the All Lines Quota Share Contract, shall be the property of the General Agent provided the General Agent is not in default of the Managing General Agency Agreement.

  • This Agreement, the Strategic Alliance Agreement, the Crop Hail Insurance Services and Indemnity Agreement, the Ancillary Agreements, the Reinsurance Contract, the Multiple Peril Crop Insurance Quota Share Agreement, the Crop Hail Quota Share Contract, and the Crop Hail Quota Share Agreement, between the parties hereto, represent the entire agreement and understanding among the parties signatory to this Agreement.

  • This Agreement also replaces the Quota Share Contract of Reinsurance dated December 31, 1985.

  • This Agreement, the Strategic Alliance Agreement, the MPCI Insurance Services and Indemnity Agreement, the Ancillary Agreements, the Reinsurance Contract, the Crop Hail Quota Share Agreement, the Multiple Peril Crop Insurance Quota Share Contract, and the Multiple Peril Crop Insurance Quota Share Agreement between the parties hereto, represent the entire agreement and understanding among the parties signatory to this Agreement.

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.

  • Tax Deed means a tax deed prepared under section 379 and includes the title conferred by the registration of the tax deed.

  • Charter contract or "contract" means a fixed-term, renewable contract

  • Shareholder Rights Plan means the amended and restated shareholder rights plan agreement dated as of November 10, 2015 between Parent and American Stock Transfer and Trust Company, LLC, as rights agent, as amended and restated as of April 18, 2016, as further amended, restated, succeeded or replaced from time to time, and any similar plan adopted from time to time;

  • 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;

  • 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 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.

  • 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.

  • Charter Agreement means an agreement made in accordance with Section 53G-5-303 that authorizes the operation of a charter school.

  • 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.

  • 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.

  • 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;

  • 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 Share Capital means the relevant share capital of the Company (as that expression is defined in Section 1047 of the 2014 Act);

  • ASA Shares has the meaning set forth in 2.4(a).

  • 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.

  • Share Extract means: (i) an extract of its share registration books issued by a Registrar Company indicating an investor's ownership of a security; and (ii) a form prepared by CMBI or its agent in those cases where a Registrar Company in unwilling to issue a Share Extract. Section 3. Section 6(a) of the Agreement is amended by adding the following at the end thereof: "With respect to Russia, payment for Russian Securities shall not be made prior to the issuance of the Share Extract relating to such Russian Security. Delivery of Russian Securities may be made in accordance with the customary or established securities trading or securities processing practices and procedures in Russia. Delivery of Russian Securities may also be made in any manner specifically required by Instructions acceptable to the Bank. Customer shall promptly supply such transaction and settlement information as may be requested by Bank or CMBI in connection with particular transactions." Section 4. Section 8 of the Agreement is amended by adding a new paragraph to the end thereof as follows: "It is understood and agreed that Bank need only use its reasonable efforts with respect to performing the functions described in this '8 with respect to Russian Securities." Section 5. Section 12(a)(i) of the Agreement is amended with respect to Russian custody by deleting the phrase "reasonable care" wherever it appears and substituting, in lieu thereof, the phrase "Reasonable Care." Section 6. Section 12(a)(i) of the Agreement is further amended with respect to Russian custody by inserting the following at the end of the first sentence thereof: "provided that, with respect to Russian Securities, Bank's responsibilities shall be limited to safekeeping of relevant Share Extracts." Section 7. Section 12(a)(i) of the Agreement is further amended with respect to Russian custody by inserting the following after the second sentence thereof: "In connection with the foregoing, neither Bank nor CMBI shall assume responsibility for, and neither shall be liable for, any action or inaction of any Registrar Company and no Registrar Company shall be, or shall be deemed to be, Bank, CMBI, a Subcustodian, a securities depository or the employee, agent or personnel of any of the foregoing. To the extent that CMBI employs agents to perform any of the functions to be performed by Bank or CMBI with respect to Russian Securities, neither Bank nor CMBI shall be responsible for any act, omission, default or for the solvency of any such agent unless the appointment of such agent was made with Negligence or in bad faith, or for any loss due to the negligent act of such agent except to the extent that such agent performs in a negligent manner which is the cause of the loss to the Customer and the Bank or CMBI failed to exercise reasonable care in monitoring such agent's performance where Customer has requested and Bank has agreed to accept such monitoring responsibility and except that where Bank or CMBI uses (i) an affiliated nominee or (ii) an agent to perform the share registration or share confirmation functions described in paragraphs (a)-(e) on pps. 5-6 of the No-Action Letter, and, to the extent applicable to CMBI, the share registration functions described on pps. 2-3 of the No-Action Letter, Bank and CMBI shall be liable to Customer as if CMBI were responsible for performing such services itself." Section 8. Section 12(a)(ii) is amended with respect to Russian custody by deleting the word "negligently" and substituting, in lieu thereof, the word "Negligently." Section 9. Section 12(a)(iii) is amended with respect to Russian custody by deleting the word "negligence" and substituting, in lieu thereof, the word "Negligence." Section 10. Add a new Section 16 to the Agreement as follows:

  • Share Consideration has the meaning given to it in Section 2.2;

  • Life-of-the-unit, firm power contractual arrangement means a unit participation power sales agreement under which a utility or industrial customer reserves, or is entitled to receive, a specified amount or percentage of nameplate capacity and associated energy from any specified unit and pays its proportional amount of such unit's total costs, pursuant to a contract:

  • Charter Assignment means a specific assignment of any Extended Employment Contract required to be executed hereunder by either Owner in favour of the Bank (including any notices and/or acknowledgements and/or undertakings associated therewith) in such form as the Bank may require in its sole discretion;

  • The Subscribing Reinsurer s share in the attached Contract shall be separate and apart from the shares of the other reinsurers, and shall not be joint with the shares of the other reinsurers, it being understood that the Subscribing Reinsurer shall in no event participate in the interests and liabilities of the other reinsurers.

  • Shipbuilding Contract means the shipbuilding contract dated 30 March 2011 and made between the Builder and the Borrower for the construction by the Builder of the Ship and its purchase by the Borrower as supplemented and amended from time to time;

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

  • Consortium Plan Consortium Plan means the description of the Action and the related agreed budget as first defined in the Grant Agreement and which may be updated by the General Assembly.

  • Share Cap has the meaning specified in clause (e) of the definition of Alternative Payment Mechanism.