Reinsurance Claim definition

Reinsurance Claim has the definition set forth in Article 9, Section 1.
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Reinsurance Claim means, with respect to any particular bond or warrant insurance policy, any Claim that has been or could be asserted (directly or indirectly) by any Person that has acted or is acting as a “reinsurer” or in any similar capacity with respect to such insurance policy.
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Reinsurance Claim has the meaning given in clause 13.7;
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Examples of Reinsurance Claim in a sentence

  • The Notice of Reinsurance Claim will include the insured's name and date of birth, the policy number, the policy issue date, the Specified Amount, the risk amount reinsured with the Reinsurer, and the cause and date of death.

  • Upon receiving a notice of claim, Ceding Company shall provide the Reinsurer with a Notice of Reinsurance Claim.

  • In order to streamline the amount of information sent to all REINSURERS, a copy of the underwriting file and claims investigation information will be provided by CEDING COMPANY only to the Reinsurance Claim Administrator (assigned in paragraph 14(d).

  • The Notice of Reinsurance Claim will include the insured's name and date of birth, the policy number, the policy issue date, the Specified Amount, the risk amount reinsured with the Reinsurer, the date of death and the cause of death, if known.

  • As of the date of her affidavit, Rosemarie Robles was "employed as a Second Vice President in the Ceded Reinsurance Claim Operations department of [t]he Travelers Companies, Inc." Id., ¶ 3.

  • Upon receiving a notice of claim on a policy reinsured under this Agreement, Ceding Company shall provide the Reinsurer with a Notice of Reinsurance Claim.

  • Gross Reinsurance Premium = Reinsurance Premium + Reinsurance Premium for CALI (Received) + Reinsurance Claim (Recovered)*2.

  • Upon receiving a notice of claim on a policy, Ceding Company will provide the Reinsurer with a Notice of Reinsurance Claim.

  • If the Reinsurer chooses to participate in such contest, it will pay its share of the expenses of such contests, in addition to any Reinsurance Claim amount adjudged payable as a result of such contest or otherwise settled thereupon.

  • Issuer Reinsurance Claim Submission Notice Requirements4CitationRequirement23 DE Reg.

Related to Reinsurance Claim

  • 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;

  • Post-Service Claim means a claim for payment for medical care that already has been provided.

  • Insurance carrier means every insurance carrier duly

  • Reinsurer has the meaning set forth in the preamble.

  • Reinsured Policies has the meaning assigned to it in the Reinsurance Agreement.

  • Preference Claim As defined in Section 4.02 hereof.

  • Settlement Claim means a claim for settlement benefits made under the terms of this Settlement Agreement.

  • 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.

  • Reinsurers shall be understood to mean “Reinsurers”, “Underwriters” or whatever other term is used in the attached reinsurance document to designate the reinsurer or reinsurers.

  • Reassured shall be understood to mean “Company”, “Reinsured”, “Reassured” or whatever other term is used in the attached reinsurance document to designate the reinsured company or companies.

  • Pre-Service Claim means a claim for a medical care benefit with respect to which the plan conditions receipt of the benefit, in whole or in part, on approval of the benefit in advance of receipt of care.

  • Indemnifiable Loss means, with respect to any Person, any action, claim, cost, damage, deficiency, diminution in value, disbursement, expense, liability, loss, obligation, penalty, settlement, suit, or tax of any kind or nature, together with all interest, penalties, legal, accounting and other professional fees and expenses reasonably incurred in the investigation, collection, prosecution and defense of claims and amounts paid in settlement, that may be imposed on or otherwise incurred or suffered by such Person, whether directly or indirectly.

  • Indemnity Claim has the meaning set forth in Section 8.3.

  • Convenience Claim means a Claim that would otherwise be an Other Unsecured Claim that is

  • Transaction Litigation has the meaning set forth in Section 5.2(d).

  • Data Loss Event means any event that results, or may result, in unauthorised access to Personal Data held by the Contractor under this Agreement, and/or actual or potential loss and/or destruction of Personal Data in breach of this Agreement, including any Personal Data Breach.

  • Insured Claim means any Claim arising from an incident or occurrence alleged to have occurred prior to the Effective Date that is covered under an insurance policy applicable to the Debtors or their businesses.

  • 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.

  • Tax Contest means an audit, review, examination, or any other administrative or judicial proceeding with the purpose or effect of redetermining Taxes (including any administrative or judicial review of any claim for refund).

  • Shared Policies has the meaning set forth in Section 8.1(b).

  • 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.

  • Tax Refund means a refund of Taxes previously paid and any overpayment interest within the meaning of Section 6611 of the Code or any similar provision under applicable Tax Law (whether paid by way of a refund or credited against any liability for related Taxes).

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

  • Third Party Claim has the meaning set forth in Section 9.5(a).

  • Loss Adjustment Expense means costs and expenses incurred by the Company in connection with the investigation, appraisal, adjustment, settlement, litigation, defense or appeal of a specific claim or loss, or alleged loss, including but not limited to: