Retrocession Premium definition

Retrocession Premium means $2.675 billion minus the Reconciliation Amount.

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Retrocession Premium means an amount, expressed in JPY, equal to the product of the Quota Share Percentage multiplied by the Reinsurance Premium Revised Statement has the meaning given to that expression in Clause 11.2 Sanctions has the meaning given to that expression in Clause 18.3(a)

Retrocession Premium means $445,000,000. "Retrocession Premium Interest Amount" means the amount resulting from applying the credited interest rate, compounded monthly, of2.64% per annum from January I, 2019 through the Closing Date to the Retrocession Premium. "Retrocessionaire" has the meaning set forth in the Preamble. 5

Examples of Retrocession Premium in a sentence

The monthly GMDB Retrocession Premium payable to the Retrocessionaire is subject to minimum and maximum asset-based retrocession premium rate limits that vary by defined premium class based on variable annuity product, underlying GMDB design and issue age.
The total GMDB/EPB Retrocession Premium for the business retroceded hereunder is the sum of the GMDB Retrocession Premium and the EPB Retrocession Premium, each of which is defined separately in this article.
The total Retrocession Premium for the business retroceded hereunder is the sum of the GMDB/EPB Retrocession Premium and the GMIB Retrocession Premium, each of which is defined separately in this article.
The carry-forward for each Agreement shall be (a) the current period Retrocession Premium minus (b) all retrocession benefit claims paid thereto for the current period minus (c) a two-and-one-half (2.5) basis point annual expense allowance applied against the average aggregate Account Value for the current period minus (d) the change in Reserves from the prior period to the current period plus (e) the prior period’s loss carry-forward.
The Retrocession Premium rates and structure described above are subject to change in accordance with the criteria described in Article XV.
The Retrocessionaire may terminate this Agreement in the event that Retrocession Premium payments are more than sixty (60) days past due after the due date, as described in Paragraph C of this Article, by giving sixty-(60) day written notice of termination to the Retrocedent.
No later than five (5) Business Days prior to the anticipated Closing Date, Maiden Insurance shall deliver to Enstar a statement (the “Closing Statement”) setting forth Maiden Insurance’s good faith estimate of the Retrocession Premium (the “Estimated Retrocession Premium”), the Initial Funds Withheld Account Balance (the “Estimated Initial Funds Withheld Account Balance”), the Estimated Net Retrocession Premium and the Estimated Initial Trust Funding Amount.
Reinsurance Premium Maiden Insurance will pay to Retrocessionaire the Retrocession Premium for deposit into the Trust Account, as adjusted for paid claims and recoveries from July 1, 2018 through the Effective Time.
Technology shall pay the Retrocessionaire by wire transfer of immediately available funds an amount equal to the Retrocession Premium.
If Enstar does not deliver a Notice of Disagreement within such thirty (30) day period, then the Retrocession Premium, the Initial Funds Withheld Account Balance and the Net Retrocession Premium shall be deemed to equal the amounts provided in the Final Closing Statement and such amounts shall be final, binding and conclusive on the Parties.

More Definitions of Retrocession Premium

Retrocession Premium means $445,000.000. "Retrocessionaire" has the meaning set fo1ih in the Preamble. "Subject Reserves" means the aggregate amount of gross reserves of AII allocable to the Covered Losses ceded by AEL, All and Technology under the Existing Quota Share Agreement, less Third Party Reinsurance Recoverables allocable to such Covered Losses, plus Commuted Reserves, in each case, calculated in accordance with GAAP, in excess of the Retention and up to the Aggregate Limit. For the avoidance of doubt, pursuant to Post Termination Endorsemeot No. J, All shall be responsible, and Maiden Re shall not indemnify 6 \ PH . IX3029.'000IS3 . fl 1926 v29

Retrocession Premium shall have the meaning set forth in Section 3.1.

Retrocession Premium means the sum of the Initial Retrocession Premium and the Stub Period Retrocession Premium Adjustment.

Retrocession Premium means $500,000,000, plus a credited interest rate, compounded monthly, of 2.64% per annum from January 1, 2019 through the Closing Date.