Reinsurance Claims definition

Reinsurance Claims means contract benefits paid or accrued to contractholders under the Reinsured Contracts including but not limited to Death Claims, Withdrawals and Surrenders, and Fixed and Variable Annuitization Claims.
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Reinsurance Claims means policy benefits paid or accrued to policyholders under the Reinsured Policies.
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Examples of Reinsurance Claims in a sentence

  • Disputed and/or Overdue Reinsurance Claims / Business Practices:The Commissioner may consider the applicant’s business practices in dealing with its ceding insurers, including compliance with contractual terms and obligations.

  • E [Reinsurance Claims]∫ ∫ ∫= ∞ max[0, x − 2.5] f (x)dx = ∞ xe−xdx − ∞ 2.5e−xdx =3.5 e−2.5 − 2.5e−2.5 = 0.082 billion0 2.5 2.5 Reinsurance Premium = 200% of Expected Reinsurance Claims= 200% 0.082 = 0.164 billionLiability after reinsurance = E [X−Reinsurance Claims] = E[X] –E [Reinsurance Claims] =1 − 0.082 = 0.918 (i) VaR(95%) without reinsurance is 2.996 billion (from part a).

  • Mohan is a Chartered Accountant with over 30 years experience in General Insurance handling Internal Audit, Investments, Accounts, Implementation of I.T. Systems, Marketing, Re-insurance, Claims handling and Underwriting.

  • Additionally, there is a reported balance of Reinsurance Claims that totals $8,796,021 and is associated with filed POC's.

  • Weekly chores will be posted on thebulletin board at the house entrance and include: cleaning the kitchen (mopping the floor, cleaning counters and sinks with bleach), cleaning a bathroom (tub, toilet, sink, floor, restocking extra toilet paper as needed), cleaning the common room (dusting, vacuuming) Weekly chores MUST be completed by Sunday at 8:00pm.

  • The relevant payment obligations of each of PLAE and PLL under Clauses 3 (Reinsurance Premiums), 4 (Reinsurance Claims), 5 (Expenses Cashflow) and 6 (Recoveries) shall be deemed satisfied and discharged by the payment by the relevant party of any such net amount.

  • Demonstrate knowledge of factors in the economic environment that impact participants in the financial services sector Client files/ evidence of the following: Commentary on the market and current cycle Reinsurance Claims experience or legislation impacting the client or insurance sector which may impact costs or capacity New providers or existing ones Overseas factors Changes in things like EQC limits, fire service levies, Wellington capacity etc.

  • These programmes are designed on almost same parameters such as Product Design, Insurer participation, Trigger, Mandatory purchase, Conditions, Exclusions, Deductible, Rates, Funding, Reinsurance, Claims and so on.

  • The Company received an Assessment on Value Added Tax (VAT) on Reinsurance Claims on 26th April 2013 from the IRD in respect of the Year of Assessment 2010/2011 for which the Company filed responses in consultation with Company’s Tax Consultant to IRD and upon the receipt of determination from IRD, the Company made an appeal to the Tax Appeals Commission (TAC) of Sri Lanka.

  • Management System B.1 General RemarksMIAS has to a large extent outsourced the operation, including Risk Management, Compliance, Actuarial, Underwriting, Reinsurance, Claims handling, Legal, Tax, Accounting, Investment, Reporting, IT, etc.Underwriting, Reinsurance, Claims handling, Legal, Tax, Accounting, Investment, Reporting and IT are outsourced to the parent company.Support functions for the Risk Management, Actuarial and Compliance key functions are outsourced to external parties.

Related to Reinsurance Claims

  • 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;

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

  • 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.

  • 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.

  • 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 carrier means every insurance carrier duly

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

  • Reinsurer has the meaning set forth in the preamble.

  • Insurance Contracts means the insurance or annuity policies and contracts, together with all binders, slips, certificates, endorsements and riders thereto, issued or entered into by any Insurance Company prior to the Closing.

  • Loss Adjustment Expenses means all costs and expenses incurred by the Company in the investigation, adjustment and settlement of claims. Loss adjustment expenses include third-party costs as well as the Company’s internal expenses, including salaries and expenses of loss management personnel and certain administrative costs.

  • 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.

  • 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:

  • Unemployment Insurance means the contribution required of Vendor, as an employer, in respect of, and measured by, the wages of its employees (or subcontractors) as required by any applicable federal, state or local unemployment insurance law or regulation.

  • Reinsured Liabilities means the General Account Liabilities and the Separate Account Liabilities.

  • 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 Benefits means the net operating loss carryovers, capital loss carryovers, general business credit carryovers, alternative minimum tax credit carryovers and foreign tax credit carryovers, as well as any loss or deduction attributable to a “net unrealized built-in loss” within the meaning of Section 382 of the Code and the Treasury Regulations promulgated thereunder, of the Company or any of its Subsidiaries.

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

  • Reinsurance intermediary means a reinsurance intermediary-broker or a reinsurance intermediary-manager.

  • 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.

  • Credit unemployment insurance means insurance:

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

  • R&W Insurance Policy means the representations and warranties insurance policy issued to Buyer in connection with the transactions contemplated hereby.

  • Claims Made Policies has the meaning set forth in Section 5.01(b).

  • Reimbursement insurance policy means a policy of insurance

  • Insurance Companies means the companies with whom the Insurance Policies are held.

  • Settlement Costs means all costs incurred by Plaintiff, the Settlement Class Members, and their attorneys, including but not limited to Plaintiff’s attorneys’ fees, costs of suit, Plaintiff’s expert or consultant fees, any incentive payments paid to the Class Representative, notice costs, costs of claims administration, and all other costs of administering the Settlement Agreement.