Reinsurance Benefits definition

Reinsurance Benefits shall be calculated for each Accounting Period as the sum for each of the types of Business Reinsured, each multiplied by the applicable Quota Share for the type of Business Reinsured of [(1) – (2) + (3)], where: Xxxxxxx Resolution Life Insurance Company and TR Re, Ltd. Annuity Reinsurance Agreement
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Reinsurance Benefits shall have the meaning set forth in Section 8.01.
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Reinsurance Benefits shall have the meaning set forth in Section 8.01. “Reinsurance Consideration” shall have the meaning set forth in Section 6.01. “Reinsurance Expense Allowance” shall have the meaning set forth in Section 7.01. “Reinsurer” shall have the meaning set forth in Section 2.01. [REDACTED]
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Examples of Reinsurance Benefits in a sentence

  • If the Reinsurer chooses not to participate, it will discharge its liability by payment to the Ceding Company of the Reinsurer’s Quota Share of the Reinsurance Benefits in respect of the claim, and in such case the Reinsurer shall not be responsible any portion of the expense of the Contest or any Extra Contractual Obligations arising therefrom.

  • The Reinsurer shall pay its share of the expense of the Contest in addition to the Reinsurer’s Quota Share of the applicable Reinsurance Benefits, or it may choose not to participate.

  • If the Reinsurance Benefits for the Accounting Period is a negative amount, the Ceding Company shall owe the absolute value of such amount to the Reinsurer.

  • If the Reinsurance Benefits for the Accounting Period is a positive amount, the Reinsurer shall owe such amount to the Ceding Company.

  • Amounts due between the Parties for each Accounting Period in respect of Reinsurance Consideration, Reinsurance Expense Allowance, Reinsurance Benefits, the Modified Coinsurance Adjustment, the Funds Withheld Adjustment, [REDACTED] and any other amounts due between the Parties, including adjustments for previously estimated items and preliminary settlements, shall be determined on a net basis as reported by the Ceding Company on the Accounting Report.

  • Amounts due between the Parties for each Accounting Period in respect of Reinsurance Consideration, Reinsurance Expense Allowance, Reinsurance Benefits, the Modified Coinsurance Adjustment, the Funds Withheld Adjustment, the [REDACTED] , the [REDACTED] and any other amounts due between the Parties, including adjustments for previously estimated items and preliminary settlements, shall be determined on a net basis as reported by the Ceding Company on the Accounting Report.

  • The Reinsurer is not liable for any Reinsurance Benefits related to Claims occurring subsequent to the termination date and prior to reinstatement.

  • Reinsurance coverage shall continue after Reinsurance Benefits are paid with respect to continuing coverage included in Schedule A.

  • The Net Settlement shall be determined for each Accounting Period as the Total Base Reinsurance Premiums less the Reinsurance Benefits paid during the Accounting Period.

  • The Reinsurer will pay the amount of the Reinsurance Benefits due and owing to Ceding Company as provided in Section 5.


More Definitions of Reinsurance Benefits

Reinsurance Benefits is as defined in Article VI, Section 1.
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Reinsurance Benefits as defined herein. The COMPANY shall pay the REINSURER the "Net Amount Due" if such is positive, and the REINSURER shall pay the ceding company the "Net Amount Due" if such is negative.
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Reinsurance Benefits shall equal the reinsured portion of the annuity income benefits (including commuted value benefits), and death benefits on the reinsured portions of the contracts, corresponding to the benefits paid by the Company. In the event that annuitization is made at rates more favorable to the annuitant than those guaranteed in the contract reinsured, such annuitization may be considered by the giacagre.93a page #4 REINSURER to be a surrender, in which case the REINSURER shall pay the full withdrawal value without reduction for any surrender charge.
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Reinsurance Benefits. Means collectively the MRT Benefits and the Coinsured Benefits.
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Related to Reinsurance Benefits

  • Severance Benefits means the payment of severance compensation as provided in Section 3.3 herein.

  • Health Benefits means health maintenance organization, insured or self-funded medical, dental, vision, prescription drug and behavioral health benefits.

  • Medical Benefits means the monthly fair market value of benefits provided to the Employee and the Employee’s dependents under the major medical, dental and vision benefit plans sponsored and maintained by the Company, at the level of coverage in effect for such persons immediately prior to the Employee’s termination of employment date. The “monthly fair market value” of such benefits shall be equal to the monthly cost as if such persons elected COBRA continuation coverage at such time at their own expense.

  • Covered benefits or “benefits” means those health care services to which a covered person is entitled under the terms of a health benefit plan.

  • Severance Benefit means the payment of severance compensation as provided in Article III.

  • Gap medical benefits means the benefits (if any) payable in respect of medical expenses that are less than, greater than or equal to the schedule fee, provided always that the medical expenses relate to a professional service that:

  • Social Security Benefits means any social insurance, pension insurance benefits, medical insurance benefits, work-related injury insurance benefits, maternity insurance benefits, unemployment insurance benefits and public housing reserve fund benefits or similar benefits, in each case as required by any applicable Law or contractual arrangements.

  • Termination Benefits means the benefits described in Section 4.1(b).

  • Disability benefits means any cash payments which are payable to a covered individual for all or part of a period of disability pursuant to P.L.1948, c.110 (C.43:21-25 et al.).

  • Employment benefits means all benefits provided or made

  • Separation Benefits has the meaning accorded such term in Section 3.04.

  • Retirement Benefits means benefits paid by reference to reaching, or the expectation of reaching, retirement or, where they are supplementary to those benefits and provided on an ancillary basis, in the form of payments on death, disability, or cessation of employment or in the form of support payments or services in case of sickness, indigence or death. In order to facilitate financial security in retirement, these benefits may take the form of payments for life, payments made for a temporary period, a lump sum, or any combination thereof;

  • Relevant Benefits means any pension, annuity, lump sum, gratuity or other like benefit given or to be given on retirement or death, or in anticipation of retirement.

  • Extended benefits means benefits, including benefits payable to federal civilian employees and to ex-servicemen under 5 U.S.C. Chapter 85, payable to an individual under the provisions of this section for weeks of unemployment in his eligibility period.

  • Accrued Benefits shall include the following amounts, payable as described herein: (i) all base salary for the time period ending with the Termination Date; (ii) reimbursement for any and all monies advanced in connection with the Executive’s employment for reasonable and necessary expenses incurred by the Executive on behalf of the Employer for the time period ending with the Termination Date; (iii) any and all other cash earned through the Termination Date and deferred at the election of the Executive or pursuant to any deferred compensation plan then in effect; (iv) notwithstanding any provision of any bonus or incentive compensation plan applicable to the Executive, but subject to any deferral election then in effect, a lump sum amount, in cash, equal to the sum of (A) any bonus or incentive compensation that has been allocated or awarded to the Executive for a fiscal year or other measuring period under the plan that ends prior to the Termination Date but has not yet been paid (pursuant to Section 5(f) or otherwise) and (B) a pro rata portion to the Termination Date of the aggregate value of all contingent bonus or incentive compensation awards to the Executive for all uncompleted periods under the plan calculated as to each such award as if the Goals with respect to such bonus or incentive compensation award had been attained at the target level (reduced, but not below zero, by amounts paid under all such contingent bonus or incentive compensation awards upon the Change in Control of the Company to the extent such amounts relate to the same period of time); and (v) all other payments and benefits to which the Executive (or in the event of the Executive’s death, the Executive’s surviving spouse or other beneficiary) may be entitled on the Termination Date as compensatory fringe benefits or under the terms of any benefit plan of the Employer, excluding severance payments under any Employer severance policy, practice or agreement in effect on the Termination Date. Payment of Accrued Benefits shall be made promptly in accordance with the Company’s prevailing practice with respect to clauses (i) and (ii) or, with respect to clauses (iii), (iv) and (v), pursuant to the terms of the benefit plan or practice establishing such benefits; provided that payments pursuant to clause (iv)(B) shall be paid on the first day of the seventh month following the month in which the Executive’s Separation from Service occurs, unless the Executive’s Separation from Service is due to death, in which event such payment shall be made within 90 days of the date of Executive’s death.

  • Severance Pay means any amount that is payable in cash and is identified by a Participating Company as severance pay, or any amount which is payable on account of periods beginning after the last date on which an employee (or former employee) is required to report for work for a Participating Company.

  • Welfare Benefits means the types of benefits described in Section 3(1) of ERISA (whether or not covered by ERISA).

  • Benefits as defined in Section 3.1(b).

  • Severance means the complete separation and dismemberment of the part from the body.

  • Change in Control Benefits means the following benefits:

  • Fringe benefits means the amount of:

  • Severance Payment means any amount paid by a board to or in behalf of a superintendent on early termination of the superinten- dent’s contract that exceeds the amount earned by the superinten- dent under the contract as of the date of termination, including any amount that exceeds the amount of earned standard salary and benefits that is paid as a condition of early termination of the con- tract. Payments to a former superintendent who remains employed by a district in another capacity or contracts with a district to pro- vide the district services may be severance payments in whole or in part if the payments are compensation for the early termination of a prior employment agreement. Severance payments include any payment for actual or threatened litigation involving or related to the employment contract. Education Code 11.201(c); 19 TAC 105.1021(a)(1)

  • Severance Payments shall have the meaning set forth in Section 6.1 hereof.

  • Change in Control Severance Benefits means the benefits payable pursuant to Section 3 of this Agreement.

  • Severance Compensation means the compensation set forth in (i), (ii), and (iv) above.

  • Vested Benefits means amounts which are vested or which Executive is otherwise entitled to receive under the terms of or in accordance with any plan, policy, practice or program of, or any contract or agreement with, the Company or any of its subsidiaries, at or subsequent to the date of his termination without regard to the performance by Executive of further services or the resolution of a contingency.