Reinsured Contracts definition

Reinsured Contracts means the structured settlements immediate annuity contracts issued by the Company and recorded in the Company’s valuation system on or prior to December 3, 2003 or reinsured by the Company under reinsurance agreements in effect prior to January 1, 2004, and, in each case, written on the policy forms described in Schedule A.

Reinsured Contracts has the meaning set forth in the Indemnity Reinsurance Agreement.

Reinsured Contracts means the contracts described in Exhibit A which is attached hereto and made a part hereof. Notwithstanding anything contrary in this Agreement, Reinsured Contracts: (a) shall, with respect to any group contracts, be deemed to include only certificates issued in New York; (b) shall not include any contract for which any applicable Initial Coinsurance Reinsurance Premium described in Section 5.05, Initial Modco Reinsurance Premium described in Section 5.06, or any adjustment thereto as described in Sections 5.02, 5.03 or 5.08, are not actually transferred to Reinsurer, and (c) shall not include any retained asset account established prior to the Effective Date to pay death benefits under such contract.

Examples of Reinsured Contracts in a sentence

• The territorial limits of this Agreement shall be identical with those of the Reinsured Contracts.

• The Reinsurer and the Cedent and their employees and authorized representatives, respectively, may audit, inspect and examine, during regular business hours, at the home office of the other party, provided that reasonable advance notice has been given, any and all books, records, statements, correspondence, reports, and their related documents or other documents that relate to Reinsured Contracts.

• Each party represents that all negotiations relative to this Agreement and the transactions contemplated hereby, including any subsequent Assumption Reinsurance Agreement with respect to the Reinsured Contracts, have been carried out by the Cedent and the Reinsurer directly and without the intervention of any person in such manner as to give rise to any valid claim by any other person for a finder's fee, brokerage commission or similar payment.

• Within thirty (30) days after the end of each calendar month, the Cedent shall notify the Reinsurer of the ceded contractual death benefit claims paid in respect of Reinsured Contracts in that month, based on the net amount at risk definition, set forth in Article IV, and the Reinsurer shall indemnify the Cedent as provided in Article VI for the ceded benefit claim liabilities.

• The Cedent shall simultaneously provide to the Reinsurer and any subsequent retrocessionaires, a copy of any notice of any proposed change in the investment options supporting Reinsured Contracts, and/or any other accepted changes to the Reinsured Contracts related to a Cedent's annuity product design and/or death benefit design, fees, charges, distributions systems and/or methods or additions of any riders to any Reinsured Contract forms.

More Definitions of Reinsured Contracts

Reinsured Contracts means the Business Reinsured Contracts and the Other Reinsured Contracts.

Reinsured Contracts means collectively the Existing Reinsured Contracts and the New Reinsured Contracts.

Reinsured Contracts means all contracts, binders, polices or other agreements of insurance and assumed reinsurance and all Derivative Contracts (whether or not accounted for as contracts of insurance) issued by the Company prior to the Inception Date or issued on behalf of the Company on or after the Inception Date pursuant to the authority of the administrator under the Administrative Services Agreement.

Reinsured Contracts means all policies, contracts, certificates, binders and cover notes of insurance or reinsurance issued by any Reinsured or CNA Insurer, or by any GRM Direct & Assumed, Syndicate, Pool or Association, covering or pertaining to the Business Covered.

Reinsured Contracts has the meaning set forth in the Reinsurance Agreement, provided, however, for purposes of this Agreement, Reinsured Contracts shall also include the Net Retained Liabilities Policies and the Conversion Policies.

Reinsured Contracts means all policies of insurance issued by the Reinsured or any of the CGU Insurers covering or pertaining to Business Covered.

Reinsured Contracts means (a) those variable annuity contracts of the types described on Schedule C and listed in the seriatim file set forth in Schedule D and are not in payout status as of the Effective Time, and (b) Discovered Contracts that have been reinsured pursuant to Section 2.7, in each case of (a) and (b), including all binders, slips, certificates, applications therefor, supplements, endorsements, settlement options and riders thereto issued or entered into in connection with such contracts.