Reinsurance Receivables definition

Reinsurance Receivables means, as of any date of determination, the sum of (x) the amounts recoverable from reinsurers in respect of the Covered Insurance Policies, as of such date, as would be reflected in line 16.1, column 3 in the “Assets” section of the NAIC statement blank used to prepare the Ceding Company’s balance sheet in its most recent Statutory Financial Statement or if the line number is changed pursuant to relevant guidance from the NAIC, the successor line number to such line number, plus (ii) the funds held by or deposited with reinsured companies in respect of the Covered Insurance Policies, as of such date, as would be reflected in line 16.2, column 3 in the “Assets” section of the NAIC statement blank used to prepare the Ceding Company’s balance sheet in its most recent Statutory Financial Statement or if the line number is changed pursuant to relevant guidance from the NAIC, the successor line number to such line number, plus (iii) other amounts receivable under reinsurance contracts from reinsurers in respect of the Covered Insurance Policies, as of such date, as would be reflected in line 16.3, column 3 in the “Assets” section of the NAIC statement blank used to prepare the Ceding Company’s balance sheet in its most recent Statutory Financial Statement or if the line number is changed pursuant to relevant guidance from the NAIC, the successor line number to such line number, in each case determined in accordance with SAP or Applicable Law of the Ceding Company Domiciliary State and, in each case, excluding the portion of such amounts in respect of any Covered Insurance Policy that, under the terms of any Existing Reinsurance Agreement covering such Covered Insurance Policy, (i) the Ceding Company is required to retain unreinsured and for its own account any portion of the Liabilities in respect of such Covered Insurance Policy or (ii) in the opinion of either the Ceding Company or the Reinsurer requires consent from any party to such agreement in order to effect reinsurance under this Agreement and as to which a waiver of such requirement or other consent has not been obtained.
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Reinsurance Receivables has the meaning set forth in the Reinsurance Agreement.
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Reinsurance Receivables means, as of any date of determination, the sum of (x) the amounts recoverable from reinsurers under the Ceded Reinsurance Agreements or the ALIC Outward Reinsurance Contracts, as of such date, as would be reflected in line 16.1, column 3 in the “Assets” section of the NAIC statement blank used to prepare the statutory balance sheet of the Company or the Reinsurer, as applicable, as of December 31, 2012 or if the line number is changed pursuant to relevant guidance from the NAIC, the successor line number to such line number, plus (y) the funds held by or deposited with reinsured
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Examples of Reinsurance Receivables in a sentence

  • SNIG and SNIC hereby agree not to transfer, assign, or grant any security or other interest in, any of the Reinsurance Receivables for the benefit of any person other than the Collateral Agent under the Loan Documents.

  • Premium and Reinsurance Receivables and Payables—The carrying amounts reported in the balance sheet for these instruments approximate their fair values.

  • Centre Re is obligated to pay reinsurance proceeds to SNIC, which are reinsurance receivables to SNIC from Centre Re, in an amount which SNIC and Centre Re agree totals, as of the date hereof, one hundred twelve million, seven hundred seventy-seven thousand, two hundred twenty-six dollars ($112,777,226) (hereinafter, "Reinsurance Receivables").

  • On or prior to the Closing Date, SNIC shall have transferred to the Borrower all of the Reinsurance Receivables in a manner and pursuant to documentation satisfactory in form and substance to the Bank.

  • The Borrower will not, and will not permit SNIC to, create, incur, assume or suffer to exist any Lien upon or with respect to the Collateral or any Reinsurance Receivables.


More Definitions of Reinsurance Receivables

Reinsurance Receivables means all amounts owing by Centre Re under the Reinsurance Agreement.
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