Reinsurance Receivable definition

Reinsurance Receivable means the aggregate of all amounts recoverable from reinsurers with respect to the Reinsured Policies, determined in accordance with SAP and appropriately includable as a net admitted asset on lines 12.1, 12.2, 12.3 and 12.4 of the Assets page of the 2000 NAIC Annual Statement Blank, on lines 12.1, 12.2, 12.3 and 12.4 of the Assets page of the 2001 NAIC Annual Statement Blank or on comparable line items in successor NAIC Annual Statement Blanks.
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Examples of Reinsurance Receivable in a sentence

  • The Closing Date Reinsurance Receivable Statement shall be true and correct as of the date on which it is delivered to the Buyer pursuant to Section 7.23.

  • Within five (5) days, but no later than two (2) days, prior to the Closing Date, the Seller shall deliver to the Buyer a statement, in a form reasonably acceptable to the Buyer, setting forth (i) a true and accurate list of all reinsurance receivables, excluding IBNR, from each individual reinsurer, as of the Closing Date, and (ii) the true and accurate amount of all IBNR with respect to reinsurance receivables, as of the Closing Date (the “Closing Date Reinsurance Receivable Statement”).

  • The Reinsurance Receivable Statement shall be true and correct as of the date on which it is delivered to the Buyer pursuant to Section 7.23.