Reinsured Business definition

Reinsured Business means the Covered Insurance Policies, the Separate Accounts, the portion of the Shared Separate Account that relates to the Covered Insurance Policies, the portion of the Existing Reinsurance Agreements that relates to the Covered Insurance Policies and any Reinsured Liabilities, but expressly excluding any Excluded Liabilities. (jjj)

Reinsured Business means the business giving rise to the Reinsured Liabilities;

Reinsured Business has the meaning set forth in the Master Transaction Agreement.

Examples of Reinsured Business in a sentence

• As used herein, the term “Program of Internal Replacement” means any program that is initiated, maintained, sponsored or supported by the Ceding Company or any of its Affiliates to offer on a targeted basis to a class of contractholders, insureds or beneficiaries under Covered Insurance Policies to exchange any Covered Insurance Policy or any portion thereof for another policy or contract written by the Ceding Company or any of its Affiliates that is not included in the Reinsured Business.

• Such files and records shall belong to and remain the property of Company until one (1) year after all policies constituting the Reinsured Business shall have expired either by cancellation or otherwise, and all outstanding losses and Adjustment Expenses have been settled, at which time such files and records shall become the property of and owned by Reinsurer.

• The Company and, by accepting this Warrant, the Holder each hereby irrevocably waives personal service of process and consents to process being served in any such suit, action or proceeding by mailing a copy thereof via registered or certified mail or overnight delivery (with evidence of delivery) to it at the address in effect for notices to it under this Warrant and agrees that such service shall constitute good and sufficient service of process and notice thereof.

• Schedule 7 Supplemental Sales Commission 1 From 1st January, 2004, if in accordance with clause 5.3, the total Gross Written Premium for Existing Direct Business and Existing Reinsured Business exceeds the Incentive Threshold in a calendar year then GECC will receive a supplemental sales commission (the “Supplemental Sales Commission”).

• Upon expiration or cessation of all of Licensee's obligations under the Reinsurance Agreement, Licensee shall immediately cease and desist from any and all use of the Licensed Marks in connection with the Reinsured Business (except to the extent such Reinsured Business is otherwise a Business Service), including but not limited to any marketing, distribution, sales or promotional materials bearing the Licensed Marks.

More Definitions of Reinsured Business

Reinsured Business means the underwriting, administration and management of an Eligible ECI’s Eligible Policies with respect to Insured Risks.

Reinsured Business shall have the meaning set forth in Section 3.5(c). “Reinsurers” shall have the meaning set forth in the Recitals. “Reorganization” shall have the meaning set forth in Section 5.1(b). “Representatives” shall have the meaning set forth in Section 5.5.

Reinsured Business means the single premium annuity and non-single premium annuity business of the Ceding Companies comprised by the Specified Treaties;

Reinsured Business has the meaning set forth in the recitals of this Agreement.

Reinsured Business means the business of RLI, RLINY and VRIAC related to the Reinsured Contracts, including issuing, underwriting, selling, distributing, marketing, delivering, cancelling, reinsuring and administering the Reinsured Contracts.

Reinsured Business means the business of ELIC (including General Account Liabilities and Separate Account Liabilities (each as defined under the Reinsurance Agreement)) arising under the Reinsured Contracts.

Reinsured Business means the business of Sellers and the GWLA Subsidiaries of issuing, underwriting, selling, marketing, delivering, cancelling, assuming from Underlying Companies, ceding to Existing Reinsurers and administering the Covered Insurance Policies and activities necessary therefor, in each case as constituting part of (i) GWLA’s “Individual Markets segment” as conducted as of any relevant date of determination prior to the Closing Date or (ii) the U.S. branch business of CLAC or GWL that is administered by GWLA’s “Individual Markets segment” as conducted as of any relevant date of determination prior to the Closing Date ((i) and (ii) collectively, the “Individual Markets Segment”); provided, that Reinsured Business shall exclude the Excluded Businesses. Sellers covenant and agree that all Covered Insurance Policies are part of the Individual Markets Segment.