Reinsurance Coverage definition

Reinsurance Coverage means all contracts, agreements and treaties of reinsurance between the Ceding Company and any Third Party Reinsurer that are in force and effect as of the Coinsurance Effective Date and cover risks associated with the Policies or any portions thereof.
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Reinsurance Coverage is defined as any amount of paid and unpaid losses and loss adjustment expenses ceded by Everest Re to MUF reinsurers with respect to Direct Excess Business or Gibraltar-Sourced Business, whether such amounts were ceded prior to or during the term of this Agreement.
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Reinsurance Coverage. If CMRC fails to pay any Loss to the Reinsured as a result of CMRC's insolvency, then subject to the Reinsurer's Limit of Liability hereunder, the Reinsurer shall be liable to and will reimburse the Reinsured for one hundred percent (100%) of such Loss.
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Examples of Reinsurance Coverage in a sentence

  • You have the right to modify your retention limits shown in Exhibit A (Reinsurance Coverage), Part II at any time.

  • We will also accept automatically reinsurance of riders and supplementary benefits written with the covered life benefits, but only to the extent that the riders and supplementary benefits are specifically shown in Exhibit A (Reinsurance Coverage).

  • Riders and supplementary benefits shall be reinsured in accordance with the terms of the underlying policy and with the same type of Reinsurance Coverage (Exhibit B) used for the reinsurance of the base policy to which they are attached - unless stated otherwise.

  • We reserve the right to amend the Automatic Acceptance Limits shown in Exhibit A (Reinsurance Coverage) if you modify your retention limits.

  • We will accept automatically reinsurance of life benefits for your individually underwritten ordinary life policies on any permanent resident of the United States or Canada, in agreement with the provisions shown in Exhibit A (Reinsurance Coverage).

  • The amount of premiums to be paid by the Plan to Preferred Life for Reinsurance Coverage under this Reinsurance Agreement is set forth in Article II herein.

  • Premiums shall be due on the first day of the month for which Reinsurance Coverage is provided and are payable to Preferred Life at its office in New York, New York.

  • The monthly premium for the Reinsurance Coverage defined in paragraph C.

  • If the Company receives an application that does not meet the criteria for Automatic Reinsurance Coverage, the Company may submit the application to the Reinsurer for facultative consideration.

  • Upon notice of such change of coverage, Preferred Life may elect to exclude the modification of coverage from Reinsurance Coverage or charge additional premium therefore.


More Definitions of Reinsurance Coverage

Reinsurance Coverage is defined as any amount of paid and unpaid losses and loss adjustment expenses ceded by Everest Re to MUF reinsurers with respect to Direct Excess Business or Gibraltar-Sourced Business, whether such amounts were ceded prior to or during the term of this Agreement. D. "Uncollected Reinsurance" is defined as Reinsurance Coverage for paid loss and loss adjustment cessions relating to Direct Excess Business, with respect to each company on Schedule A hereto, that is unpaid by the reinsurer after one-hundred-and-eighty (180) days from the date that such paid loss and loss adjustment cessions were due to be paid by the reinsurer. E. "Settlement Concessions" is defined as the difference, with respect to each company on Schedule A hereto, between the Reinsurance Coverage for Direct Excess Business or Gibraltar-Sourced Business reinsured by MUF and ceded to such company and the amount received from such company. F. "Direct Excess Business" is defined as policies, contracts, and binders of insurance or reinsurance ("Policies") that were issued by Everest Re prior to January 1, 1986. G. "Gibraltar-Sourced Business" is defined as Policies that were issued by the Company prior to January 1, 1986. H. Although Everest Re rather than the Company has the direct ceding relationship with MUF, solely for purposes of this Agreement and only up to the amounts scheduled in Schedule A hereto, the Parties hereby deem any Uncollectible Reinsurance Recoverables to belong to the Company and not to Everest Re. ARTICLE II -
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Related to Reinsurance Coverage

  • Insurance Coverage Contractor shall, at Contractor’s sole expense, procure, maintain and keep in force for the duration of this Contract the following insurance conforming to the minimum requirements specified below. Unless specified herein or otherwise agreed to by the City, the required insurance shall be in effect prior to the commencement of work by Contractor and shall continue in force as appropriate until the latter of:

  • Insurance Cover means the aggregate of the maximum sums insured under the insurance taken out by the Contractor pursuant to Article 20, and includes all insurances required to be taken out by the Contractor under Clauses 20.1 and 20.9 but not actually taken, and when used in the context of any act or event, it shall mean the aggregate of the maximum sums insured and payable or deemed to be insured and payable in relation to such act or event;

  • Health insurance coverage means benefits consisting of medical care (provided directly, through

  • Individual health insurance coverage means health insurance coverage offered to individuals in the

  • Group health insurance coverage means in connection with a group health plan, health insurance