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

• Such filings will include, without limitation, filings related to the establishment by the Assuming Company of the Assuming Company Separate Accounts to mirror the existing Ceding Company Separate Accounts for the Novation Subject Contracts that constitute Variable Annuity Reinsured Contracts, new registration statements, prospectus supplements and/or disclosures relating to the Novation.

• With respect to any Novated Contracts, as of the applicable Effective Time of such Novated Contracts, the Novated Contracts shall cease to be Reinsured Contracts under the Indemnity Reinsurance Agreement.

• Prior to the first Effective Time as to any Novation Subject Contract that constitutes a NI Modco Accounts Reinsured Contract, the Assuming Company shall establish and maintain one or more non-insulated separate accounts to mirror the Ceding Company’s NI Modco Account for such Novation Subject Contracts, and shall allocate to such separate accounts all assets and liabilities with respect to NI ModCo Accounts Reinsured Contracts that become Novated Contracts in accordance with applicable Law.

• From and after the Effective Time, the Ceding Company shall retain and own all assets contained in the Separate Accounts and shall hold the Separate Account Reserves with respect to the Reinsured Contracts that are funded, in whole or in part, by one or more of the Separate Accounts and such Separate Account Reserves shall be reported by the Ceding Company on its Separate Account balance sheets, consistent with the Ceding Company Domiciliary State SAP.

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

More Definitions of 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 collectively the Existing Reinsured Contracts and the New Reinsured Contracts.

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

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 retail universal life, universal life with supplemental guarantees and variable universal life insurance policies and retail fixed deferred and fixed and variable immediate annuity contracts, in each case that are further described on Schedule G, including all binders, slips, individual certificates, applications therefor, supplementary contracts, payout annuities, endorsements, settlement options and any Covered Riders thereto issued or entered into in connection with such contracts, issued, by the Ceding Company, that are described with their applicable plans, coverages and policy specifications in the seriatim file comprising Schedule H issued on the policy forms and, where applicable, the Covered Riders, set forth on Schedule G; (c) life insurance policies and annuity contracts issued after the Effective Time that are reinsured pursuant to Section 2.12(b) or Section 2.12(c); provided, however, that “Reinsured Contracts” shall not include any riders other than the Covered Riders. For the avoidance of doubt, Reinsured Contracts shall include new certificates issued after the Effective Time to eligible participants under any group annuity contract constituting FA Specified Contracts (as defined in the Master Transaction Agreement). For the avoidance of doubt, Reinsured Contracts shall not include any Excluded Riders.

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.

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.