Reinsurance Trust definition

Reinsurance Trust means the trust agreement substantially in the form attached as Exhibit F.
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Reinsurance Trust shall have the meaning specified in Section 9.02(b).
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Reinsurance Trust means the trust created under the Reinsurance Trust Agreement. 25511681.41 7
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Examples of Reinsurance Trust in a sentence

  • On or prior to the date hereof, each Subscribing Reinsurer has entered into, or shall enter into, a Master Reinsurance Trust Agreement (the "Trust Agreement") in the form attached as Exhibit C to such Subscribing Reinsurer's Interests and Liabilities Agreement.

  • This Contract, the Policy, the Assumption of Liability Endorsement, the Reinsurance Trust Agreement, and any other agreements referenced herein, constitute the entire agreement between the parties with respect to the business reinsured hereunder.

  • The Tail Loss Trust Agreement shall be in a form similar to the Reinsurance Trust Agreement with such changes as necessary to be consistent with the terms of this Article and as mutually agreed between the Parties, and shall be subject only to changes that may be requested by the Tail Loss Trustee.

  • The Trust Funding Obligation of each Subscribing Reinsurer under the Trust Account Creation and Funding Provisions Article relating to the Reinsurance Trust Account shall be replaced by the Tail Loss Trust Funding Obligation under this Tail Loss Article on the second (2nd) anniversary of the Termination Date (as defined in the Policy).

  • For the avoidance of doubt, the Tail Loss Trust shall be in addition to and maintained apart from the Reinsurance Trust Account, which is subject to the Reinsurance Trust Agreement.

  • All health insurers must participate in the Reinsurance Trust Fund, which shares a proportion of the hospital claims of all persons aged 65 years and over and those memberships with more than 35 days of hospitalisation in any one year between all health insurers.The amount payable to or receivable from the Reinsurance Trust Fund is determined by the Private Health Insurance Administration Council after the end of each quarter.

  • Reinsurance Trust AssetsThe assets in the trust are maintained in a domestic trust account.

  • For the avoidance of doubt, no assets of the Trust Fund may be transferred out of such Trust Fund to pay a Reinsurance to Close premium unless such transaction is with the Underwriter and/or one or more of the Other Underwriters who have a Lloyd's United States Situs Credit for Reinsurance Trust that satisfies the requirements of the Domiciliary Commissioner.

  • As at 31 December 2021, fixed income securities with an estimated fair value of USD 456.5 million were pledged as part of the Company’s participation in a Multi-Beneficiary Reinsurance Trust during the normal course of business (2020: USD 336.9 million).

  • ScopeI have examined the reserves listed below for the underwriting years 1995 to [current year] of Syndicate KLM as at 31st December [current year], as reported in the [US Credit for Reinsurance Trust Fund]/ [US Surplus Lines Trust Fund] returns as at [insert date] relating to the business written under the Fund.

Related to Reinsurance Trust

  • Insurance Trustee means an entity authorized to carry on the business of a trust company under the laws of Alberta selected from time to time on resolution of the Board, whose duties include the receiving, holding and disbursing of proceeds of policies of insurance pursuant to these Bylaws and the Act. If no Insurance Trustee is appointed, then the Insurance Trustee shall be the Board;

  • Reinsurer has the meaning set forth in the preamble.

  • 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;

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

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

  • insurance agent means, subject to subsection (2), any person who for any compensation and through any medium does one or more of the following:

  • Income trust means a trust or an entity, including corporate and non-corporate entities, the securities of which entitle the holder to net cash flows generated by an underlying business or income-producing properties owned through the trust or by the entity;

  • 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.

  • Certificate Insurance Policy The Certificate Guaranty Insurance Policy No. AB1094BE, dated the Closing Date, including any endorsements thereto issued by the Certificate Insurer to the Trustee for the benefit of the Holders of the Insured Certificates, a form of which is attached as Exhibit L hereto.

  • Owner Trust means the trust created by this Agreement.

  • 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.

  • FHA Mortgage Insurance Contract means the contractual obligation of the FHA respecting the insurance of a Mortgage Loan.

  • Health-care-insurance receivable means an interest in or claim under a policy of insurance which is a right to payment of a monetary obligation for health-care goods or services provided.

  • the Macfarlane Trust means the charitable trust, established partly out of funds provided by the Secretary of State to the Haemophilia Society, for the relief of poverty or distress among those suffering from haemophilia;

  • Insurance Fund means the pest control insurance fund established pursuant to this compact.

  • life insurance business means the business of providing or undertaking to provide policy benefits under life policies;

  • Primary Mortgage Insurance Policy Any primary mortgage guaranty insurance policy issued in connection with a Mortgage Loan which provides compensation to a Mortgage Note holder in the event of default by the obligor under such Mortgage Note or the related Security Instrument, if any or any replacement policy therefor through the related Interest Accrual Period for such Class relating to a Distribution Date.

  • Reinsurers shall be understood to mean “Reinsurers”, “Underwriters” or whatever other term is used in the attached reinsurance document to designate the reinsurer or reinsurers.

  • Master Trust means Citibank Credit Card Master Trust I.

  • Insurance Account shall have the meaning set forth in Section 8.6 hereof.

  • PFPC Trust means PFPC Trust Company or a subsidiary or affiliate of PFPC Trust Company.

  • Mortgage Insurance means insurance protecting Lender against the nonpayment of, or default on, the Loan.

  • Insurance Company The Transferee is an insurance company whose primary and predominant business activity is the writing of insurance or the reinsuring of risks underwritten by insurance companies and which is subject to supervision by the insurance commissioner or a similar official or agency of a state, U.S. territory or the District of Columbia.

  • Bond Insurance Policy means the financial guaranty insurance policy issued by the Bond Insurer insuring the payment when due of the principal of and interest on the Bonds as provided therein.

  • Business trust means a trust created for the purpose of making a profit through the combination of capital contributed by the beneficiaries of the trust and through the administration or management of the capital by trustees or a person acting on behalf of the trustees, for the benefit of the beneficiaries;

  • Insurance Administration means, with respect to each Shared Policy, the accounting for premiums, retrospectively-rated premiums, defense costs, indemnity payments, deductibles and retentions, as appropriate, under the terms and conditions of each of the Shared Policies; and the reporting to excess insurance carriers of any losses or claims which may cause the per-occurrence, per claim or aggregate limits of any Shared Policy to be exceeded, and the distribution of Insurance Proceeds as contemplated by this Agreement.