Reinsurance Transactions definition

Reinsurance Transactions means the transactions contemplated by the Closing Date Reinsurance Agreements.
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Reinsurance Transactions means the reinsurance by each of SW Life and SLT of all of their existing deferred annuity blocks of business as set forth in that certain Reinsurance Agreement between SW Life and RGA Reinsurance Company to be dated as of or about the Effective Date.
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Reinsurance Transactions means any of the risk transfer transactions, upon terms and conditions acceptable to the Bank, to be concluded by TCIP (as hereinafter defined) from time to time pursuant to the provisions of paragraph 3(e) of Schedule 6 to this Agreement with one or more reinsurance companies, capital market investors or other third parties, satisfactory to the Bank, for the efficient transfer by TCIP to such third party(-ies) of part of the catastrophic insurance risk carried by TCIP under Earthquake Insurance Policies. Without limiting the generality of the foregoing, such risk transfer transactions may include reinsurance contracts or treaties, as well as capital market transactions (including the issuance of insurance-linked securities) and the financing of insurance losses by means of the issuance of securities at conditions agreed in advance upon the occurrence of a previously defined event (so-called contingent capital transactions).
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Examples of Reinsurance Transactions in a sentence

  • As none of the applicable percentage ratios for the amounts of premiums and commissions of the Outward Reinsurance Transactions exceeds the 5% threshold under Rule 14A.76 of the Listing Rules, the Outward Reinsurance Transactions are only subject to the reporting, annual review and announcement requirements and are exempt from the independent shareholders’ approval requirement under Chapter 14A of the Listing Rules.

  • None of the applicable percentage ratios for the amounts of premiums and commissions of the Inward Reinsurance Transactions exceeds the 0.1% threshold under Rule 14A.76 of the Listing Rules, therefore the Inward Reinsurance Transactions are exempt from the reporting, annual review, announcement and independent shareholders’ approval requirements.

  • Financial Statement Treatment of Reinsurance Transactions Involving Life or Health Insurance (Doc.

  • The Treatment of Reinsurance Transactions in Life and Health Insurance Company Financial Statements (Doc.

  • The Reinsurance Transactions consist of both treaty and facultative business and the range of risks covered includes all lines of general reinsurance risks and certain classes of long term reinsurance risks on both a proportional and non-proportional basis.

  • Ceded reinsurance premiums = all premiums (less return premiums) transferred to another insurance company for reinsurance purchased.The NAIC defines "Net written premiums" as the sum of direct written premiums plus assumed reinsurance premiums, less ceded reinsurance premiums.B. Tax-avoidance Reinsurance Transactions If a direct underwriter has direct written premiums exceeding $350,000, then it is not exempt.

  • ANNUAL CAPSThe annual caps for the Outward Reinsurance Transactions for the year ending 31 December 2018 are estimated as follows: RMB millionPremiums ceded by the Company to PICC HK700Commissions paid to the Company by PICC HK315 The Company determined the above annual cap for ceded premiums primarily based on the reinsurance business scale of the Company in 2018 and the historical data of past years.

  • It is an intensive manual written for inter-group reconciliation and conflict resolution.

  • As the highest applicable percentage ratios for the annual caps of premiums and commissions of the Reinsurance Transactions under the Reinsurance Framework Agreement exceed 0.1% but are less than 5%, the Reinsurance Transactions are only subject to the reporting, annual review and announcement requirements and are exempt from the independent shareholders’ approval requirement under Chapter 14A of the Listing Rules.

  • ANNUAL CAPSThe annual caps for the Reinsurance Transactions for the year ending 31 December 2019 are estimated as follows: RMB millionPremiums ceded by the Company to PICC Re 5,000Commissions paid to the Company by PICC Re 2,250 The Company determined the above annual cap for ceded premiums primarily based on the reinsurance business scale of the Company in 2019 and the historical data of previous years.


More Definitions of Reinsurance Transactions

Reinsurance Transactions means all transactions consummated by any Insurance Company after the Agreement Date with any Person other than another Insurance Company involving the reinsurance of any insurance policy then in force, other than reinsurance entered into in the ordinary course of business.
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Related to Reinsurance Transactions

  • Insurance transaction means any transaction involving insurance primarily for personal, family, or household needs rather than business or professional needs that entails:

  • Reinsurance Agreements means any agreement, contract, treaty, certificate or other arrangement by which any Insurance Subsidiary agrees to transfer or cede to another insurer all or part of the liability assumed or assets held by it under one or more insurance, annuity, reinsurance or retrocession policies, agreements, contracts, treaties, certificates or similar arrangements. Reinsurance Agreements shall include, but not be limited to, any agreement, contract, treaty, certificate or other arrangement that is treated as such by the applicable Department.

  • Reinsurance means the activity consisting in accepting risks ceded by an insurance undertaking or by another reinsurance undertaking or, in the case of the association of underwriters known as Lloyd's, the activity consisting in accepting risks, ceded by any member of Lloyd's, by an insurance or reinsurance undertaking other than the association of underwriters known as Lloyd's;

  • Reinsurance Agreement means any agreement, contract, treaty or other arrangement whereby one or more insurers, as reinsurers, assume liabilities under insurance policies or agreements issued by another insurance or reinsurance company or companies.

  • Public-finance transaction means a secured transaction in connection with which:

  • Reinsurance intermediary means a reinsurance intermediary-broker or a reinsurance intermediary-manager.

  • Insurance Contracts means the insurance or annuity policies and contracts, together with all binders, slips, certificates, endorsements and riders thereto, issued or entered into by any Insurance Company prior to the Closing.

  • Closing Transactions has the meaning set forth in Section 11.8(a)(i) of these Bylaws.

  • Closing Date Transactions means, collectively (a) the funding of the Loans on the Closing Date and the execution and delivery of Loan Documents to be entered into on the Closing Date, (b) the Debt Proceeds Transfer, and (c) the payment of Closing Date Transaction Expenses.

  • insurance business means one or more aspects of the business of selling, issuing or underwriting insurance or reinsurance.

  • Acquisition Transactions means the transactions contemplated by the Acquisition Agreement.

  • Separation Transactions has the meaning set forth in the Separation and Distribution Agreement.

  • Business Transaction means any initial merger, capital stock exchange, asset acquisition, stock purchase, reorganization or other similar business combination with one or more businesses involving the Company.

  • Restructuring Transactions means the transactions described in Article IV.B of the Plan.

  • Insurance Companies means the companies with whom the Insurance Policies are held.

  • Contemplated Transactions all of the transactions contemplated by this Agreement, including:

  • SPAC Transaction means a transaction or series of related transactions by merger, consolidation, share exchange or otherwise of the Company with a publicly traded “special purpose acquisition company” or its subsidiary (collectively, a “SPAC”), immediately following the consummation of which the common stock or share capital of the SPAC or its successor entity is listed on the Nasdaq Stock Market, the New York Stock Exchange or another exchange or marketplace approved by the Board of Directors, including a majority of the Preferred Directors.

  • Company Acquisition Transaction means any transaction or series of transactions involving:

  • M&A Transaction means (a) a transaction in which all or substantially all of the assets to which the subject matter of this Agreement relates are acquired by or assigned to party that is not an Affiliate, or (b) a sale of all or substantially all of the share capital of BioLine (or its Affiliates), (c) the merger of BioLine (or its Affiliates) with any other entity, or any other similar corporate action, except an internal reorganization of BioLine (or its Affiliates) for tax-related reasons otherwise.

  • Formation Transactions means the transactions contemplated by this Agreement and the other Formation Transaction Documentation.

  • Reorganization Transactions shall have the meaning set forth in the recitals.

  • Seller Agreements means those agreements between Seller and third parties, including Artists and/or PRO, wherein Seller is entitled to receive the Percentage Interest of all Assets.

  • Related Transactions Documents means the Loan Documents and all other agreements or instruments executed in connection with the Related Transactions.

  • Reinsured Policies has the meaning assigned to it in the Reinsurance Agreement.

  • Termination Transaction has the meaning set forth in Section 11.2.B hereof.