Reinsured Liabilities definition

Reinsured Liabilities means the General Account Liabilities, the Risk Control Separate Account Liabilities, the Declared Rate Separate Account liabilities and the Variable Separate Account Liabilities.

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Reinsured Liabilities has the meaning set forth in the Reinsurance Agreement.

Reinsured Liabilities means, collectively, the General Account Liabilities and the Separate Account Liabilities.

Examples of Reinsured Liabilities in a sentence

• Except as expressly consented to in writing by the Reinsurer, any settlement amount, judgment amount or expenses incurred by the Ceding Company above the limits set forth in the preceding sentence shall not be considered Reinsured Liabilities and shall not be reimbursed by the Reinsurer.

• In the event a Policy Option is issued by the Ceding Company in accordance with the immediately preceding sentence and a Policyholder elects such Policy Option, Liabilities of the Ceding Company arising out of or resulting from such Policy Option shall constitute Reinsured Liabilities and be reinsured under this Agreement.

• Upon the terms and subject to the conditions and other provisions of this Agreement, as of the Effective Time, the Ceding Company hereby cedes to the Reinsurer, and the Reinsurer hereby agrees to indemnify the Ceding Company for, the Quota Share of the Reinsured Liabilities payable by the Ceding Company after the Effective Time (the “Reinsured Risks”).

More Definitions of Reinsured Liabilities

Reinsured Liabilities means all liabilities and obligations of any nature arising out of or relating to the Reinsured Contracts, including without limitation (i) any loss or allocated loss expense or unearned premium obligation, (ii) Extra Contractual Liabilities and any related attorney fees and other expenses, and (iii) any liabilities and obligations arising out of or relating to a right to purchase additional coverage and obligations arising under legal or regulatory requirements, but excluding Excluded Liabilities.

Reinsured Liabilities means, collectively, the General Account Liabilities and the Separate Account Liabilities; provided, that in no event shall “Reinsured Liabilities” include any Excluded Liabilities.

Reinsured Liabilities has the meaning set forth in Section 2.1.

Reinsured Liabilities shall have the meaning specified in the Reinsurance Agreement.

Reinsured Liabilities has the meaning set forth in Section 3.2(a)(i).

Reinsured Liabilities means the Liabilities reinsured pursuant to this Agreement.

Reinsured Liabilities means (x) all liabilities and obligations (including death claims and other contractual benefits, such as policyholder dividends, cash surrender and withdrawal payments (net of surrender charges and fees), maturities, disability payments and income payments, endowments and interest owed under Applicable Law or the terms of the policy on policy claims) of the Ceding Company under the express terms and conditions of the Covered Insurance Policies (whether paid to a beneficiary or escheated), plus (y) all obligations of the Ceding Company for loss adjustment expenses in respect of the Covered Insurance Policies, including legal fees, court costs, pre-and post-judgment interest, and including costs and expense incurred in connection with interpleader and declaratory judgment actions and responding to subpoenas, as well as charges and expenses contractually incurred through the use of the Ceding Company’s Affiliated claims services or technical services companies providing such contest, compromise or litigation service on the Covered Insurance Policies (but excluding any part of the general office expenses and overhead of the Ceding Company), in each case, net of any such liabilities paid by the Ceding Company that are recoverable by the Ceding Company under the Existing Reinsurance Agreements, plus (z) all Reinsurer Extra-Contractual Obligations, minus