Reinsurance activities definition

Reinsurance activities means the activity consisting of accepting risks ceded by an insurer or by another reinsurer;
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Reinsurance activities means the activity consisting in accepting risks ceded by an insurance undertaking or by another reinsurance undertaking. In the case of the association of underwriters known as Lloyd’s, reinsurance activities also means the activity consisting in accepting risks ceded by a member of Lloyd’s, or by an insurance undertaking or a reinsurance undertaking neither of which are members of the association of underwriters known as Lloyd’s;
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Examples of Reinsurance activities in a sentence

  • Reinsurance activities and reinsurance undertaking(1) Reinsurance activities shall mean insurance activities, where the underwriting risks transferred to an insurance undertaking are accepted on the basis of a reinsurance contract with the objective to pay the insurance undertaking indemnities in an agreed amount in connection with the insured event specified in an insurance contract entered into between the insurance undertaking and a policyholder.

  • Reinsurance activities, comprising all types of reinsurance activities under the Insurance Act.

  • Reinsurance activities shall be conclusion and carrying out reinsurance contracts by the insurance companies registered for active reinsurance regarding the excess of risks above the maximum coverage of the insurance companies.

  • In their liquidity planning, cash inflows and outflows from Reinsurance activities are taken into account.

  • Re-insurance activities remain limited, accounting for 4.4 percent of total life insurance premium.

  • Reinsurance activities are exercised by the reinsurer licensed by the CBK and exercise only reinsurance activity.

  • ALASKA COLLABORATIVE ON HEALTH AND THE ENVIRONMENT (CHE-ALASKA)As part of the Alaska Conference on Health and the Environment (sponsored by ACAT), we established CHE- Alaska in 2006 as a regional partnership of the national Collaborative on Health and the Environment ( www.healthandenvironment.org/working_groups/alaska).

  • This action is not a “covered regulatory action” under Executive Order 13045 (62 FR 19885, April 23, 1997) because it is not an economically significant regulatory action as defined by Executive Order 12866.

  • Reinsurance activities of Provincial Group are to be considered negligible.

  • Reinsurance activities may include life reinsurance activity, non-life reinsurance activity or a combination of life and non-life reinsurance activities.

Related to Reinsurance activities

  • insurance business means one or more aspects of the business of selling, issuing or underwriting insurance or reinsurance.

  • 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 Act means the Insurance Act, 1938;

  • 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.

  • Insurance transaction means any transaction involving insurance primarily for personal, family, or household needs rather than business or professional needs that entails:

  • general insurance business means any class of insurance business other than long-term insurance business;

  • Major life activities means functions such as caring for one's self, performing manual tasks, walking, seeing, hearing, speaking, breathing, learning and working.

  • High Risk Activities means activities where the use or failure of the Services would reasonably be expected to result in death, serious personal injury, or severe environmental or property damage (such as the creation or operation of weaponry).

  • Credit unemployment insurance means insurance:

  • Economic activities shall in principle include activities of an industrial, commercial and professional character and activities of craftsmen;

  • Activities has the meaning specified in Section 7.02(b).

  • Reinsurance Agreement means any agreement, contract, treaty or other arrangement whereby one or more insurers, as reinsurers, assume liabilities under insurance policies or agreements issued by another insurance or reinsurance company or companies.

  • Insurance Fund means the pest control insurance fund established pursuant to this compact.

  • Insurance Policies has the meaning set forth in Section 3.16.