Examples of Reinsurance Pooling Agreement in a sentence
It is understood and agreed that the Company has entered into the CNA Reinsurance Pooling Agreement whereby it assumes 100% (one hundred percent) of the liability of the other participants in the CNA Reinsurance Pooling Agreement.
For all purposes of this present Contract, other member companies of the CNA Reinsurance Pooling Agreement are: National Fire Insurance Company of Hartford, American Casualty Company of Reading Pennsylvania, Transportation Insurance Company, Transcontinental Insurance Company, Valley Forge Insurance Company, CNA Casualty of California, CNA Lloyd's of Texas and Columbia Casualty Company.
On Closing, after reinsurance of Policy Liabilities to reinsurers under the Ceded Reinsurance Agreements and the Coinsurance Agreement, no Policy Liabilities will be ceded under the Reinsurance Pooling Agreement effective December 31, 1985 by and between VFL and CAC.
Notwithstanding any of the foregoing, the parties hereto understand and agree that this Amended and Restated Reinsurance Pooling Agreement shall not apply to catastrophe losses and loss expenses for residential and commercial property to the extent such losses and loss expenses are covered by the State Auto P&C Catastrophe Assumption Agreement.
Employers Mutual Casualty Company and seven Affiliated Companies entered into a rewritten Reinsurance Pooling Agreement effective January 1, 1987 (the " Reinsurance Pooling Agreement").
The Companies acknowledge the accuracy of the Background Information and hereby agree that effective on January 1, 2017, the Reinsurance Pooling Agreement is replaced in its entirety by this Amended and Restated Pooling Agreement.
All premiums attributable to the State Auto P&C Catastrophe Assumption Agreement are to be paid to State Auto P&C outside of the Amended and Restated Reinsurance Pooling Agreement.
This is partially due to the Company’s plan to reduce its reliance on “traditional” property and casualty insurance business by reducing its percentage participation in the Reinsurance Pooling Agreement, which has resulted in certain fixed expenses having a greater impact on the expense ratio.
Saltzman RIDER #1 This Rider forms a part of, and is incorporated in, the Reinsurance Pooling Agreement ("Agreement") between Penn-America Insurance Company ("PAIC") and its wholly owned subsidiary, Penn-Star Insurance Company ("PSIC").
Xxxxxx President, Treasurer & CEO AMENDMENT #I TO INTEREST AND LIABILITIES EXHIBIT #VI TO EMC INSURANCE COMPANIES REINSURANCE POOLING AGREEMENT In consideration of the covenants and agreements as reflected an Addendum #I to the Reinsurance Pooling Agreement to which this Exhibit is attached, EMC and the Affiliated Company which is signatory to this Exhibit each do hereby ratify Addendum #I as a part of the Reinsurance Pooling Agreement effective from January 1, 1997.