Reinsurance Contract definition

Reinsurance Contract means a contract whereby an insurer reinsures the risk insured by him, or part of that risk, with another insurer or reinsurer;

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Reinsurance Contract means a contract between an affiliated

Reinsurance Contract means a contract entered into by a special purpose financial captive insurance company and a ceding insurer by which the special purpose financial captive insurance company agrees to provide reinsurance to the ceding insurer for risks associated with the ceding insurer's insurance or reinsurance business.

Examples of Reinsurance Contract in a sentence

At the request of the Company or the Insured, any Subscribing Reinsurer shall designate notional sub-accounts within the Trust Account corresponding to this Contract and each Additional Reinsurance Contract, and the allocation of Assets in the Trust Account to each such sub-account with a fair market value at least equal to the Trust Funding Obligations, as determined solely with respect to the Subscribing Reinsurance Contract to which such sub-account corresponds.
In the event Retrocedant or Retrocessionaire is held liable to pay any punitive, exemplary, compensatory or consequential damages because of alleged or actual bad faith or negligence related to the handling of any claim under any Reinsurance Contract or otherwise in respect of such Reinsurance Contract, the parties shall be liable for such damages in proportion to their responsibility for the conduct giving rise to the damages.
Except as otherwise specifically provided for in Article XIV of this Agreement, nothing in this Agreement is intended or shall be construed to give any Person, other than the parties hereto, their successors and permitted assigns, any legal or equitable right, remedy or claim under or in respect of this Agreement or any provision contained herein, and Retrocessionaire shall not be directly liable hereunder to any reinsured under any Reinsurance Contract.
The Insured as the Beneficiary (as defined in the Trust Agreement) of the Trust Account shall be permitted to freely withdraw any Asset to the extent that such amounts are due and owing under the terms of this Contract or any Additional Reinsurance Contract and are for the purposes as outlined under paragraph K of this Article and apply such Asset to satisfy any obligation of the Subscribing Reinsurer under any Subscribing Reinsurance Contract or Reinsured Policy, as applicable.
Notwithstanding the foregoing, each party shall provide to the other party any information in its possession regarding the Reinsurance Contract as reasonably required by the other party to make such filings and in a form as agreed to by the parties.

More Definitions of Reinsurance Contract

Reinsurance Contract has the meaning set forth in Section 3.19(f).

Reinsurance Contract means a contract between an LPS and a ceding insurer pursuant to which the LPS agrees to provide reinsurance to the ceding insurer for risks.

Reinsurance Contract means a short-term reinsurance contract or a long-term reinsurance contract, as the case may be, irrespective of the form in which the rights and obligations of the parties thereto are expressed or created, which constitutes any class of insurance business;

Reinsurance Contract means any contractual arrangement whereby some element of risk contained in the rules of the medical scheme is transferred to a reinsurer in return for some consideration;

Reinsurance Contract means any agreement by and between a Captive Insurance Subsidiary and a Fronting Insurance Company with respect to the agreement of such Captive Insurance Subsidiary to reinsure, on terms that do not provide for recourse to the Loan Parties in respect of the obligations of the Captive Insurance Subsidiary thereunder, the insurance obligations of such Fronting Insurance Company.

Reinsurance Contract means a contract between an affiliated reinsurance company and a ceding insurer pursuant to which the affiliated reinsurance company agrees to provide reinsurance to the ceding insurer.

Reinsurance Contract means an insurance contract under which one insurer, called the reinsurer, indemnifies, or otherwise compensates, another insurer, called the cedant, against losses on one or more contracts of insurance entered into by the cedant;