Standard Reinsurance Agreement definition

Standard Reinsurance Agreement means the Standard Reinsurance Agreement issued by the FCIC on an annual basis with respect to federal reinsurance of MPCI insurance policies, as such agreement is in effect from time to time between the FCIC and Stonington.
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Standard Reinsurance Agreement. SRA" or "FCIC SRA" means the agreement that establishes the terms and conditions under which the FCIC will provide subsidy and reinsurance on eligible crop insurance contracts written pursuant to plans of insurance authorized by the Act and regulations promulgated thereunder and sold or reinsured by private insurance companies. The term includes any mandatory or optional amendments to the SRA.
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Standard Reinsurance Agreement. (Agreement) means the reinsurance agreement between the reinsured and FCIC.
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Examples of Standard Reinsurance Agreement in a sentence

  • However, such entities will not be allowed to receive funding to conduct activities that would otherwise be required under a Standard Reinsurance Agreement or any other agreement in effect between FCIC and the entity.

  • However, failure to correctly report the requested information may result in the rejection of this document by the AIP or RMA in accordance with the Standard Reinsurance Agreement between the AIP and FCIC, Federal regulations, or RMA-approved procedures and the denial of program eligibility or benefits derived therefrom.

  • However, such entities and their partners, affiliates, and collaborators for this Announcement will not receive funding to conduct activities that are already required under a Standard Reinsurance Agreement or any other agreement in effect between FCIC/RMA and the entity, or between FCIC/RMA and any of the partners, affiliates, or collaborators for awards under this Announcement.

  • No policyholder shall have re- course to any state guaranty fund or similar state administered program for crop or premium losses reinsured under such Standard Reinsurance Agreement.

  • Where an adjudicator considers that the applicant’s story is on the whole coherent and plausible, any element of doubt should not prejudice the applicant’s claim; that is, the applicant should be given the ‘benefit of the doubt’.” In other words, the credibility assessment purposefully and positively accommodates and allows for doubt and uncertainty.

  • This amount is a calculation of the Company's gain/loss based on entries made in the Plan of Operations, together with the Standard Reinsurance Agreement applicable to each respective Reinsurance Year.

  • This amount is a calculation of the Company's loss based on entries made in the Plan of Operations, together with the Standard Reinsurance Agreement applicable to each respective Reinsurance Year.

  • However, failure to correctly report the requested information may result in the rejection of this document by the AIP or RMA in accordance with the Standard Reinsurance Agreement between the AIP and FCIC, Federal regulations, or RMA- approved procedures and the denial of program eligibility or benefits derived therefrom.

  • The Standard Reinsurance Agreement will be consistent with the require- ments of the Federal Crop Insurance Act, as amended, and provisions of the regulations of the Corporation found at chapter IV of title 7 of the Code of Fed- eral Regulations.

  • However, such entities will not be allowed to receive funding to conduct activities that would otherwise be required under a Standard Reinsurance Agreement or any other agreement in effect between FCIC and the entity.Such entities will also not be allowed to receive funding to conduct activities that could be perceived by producers as promoting one company’s services or products over another’s.

Related to Standard Reinsurance Agreement

  • Reinsurance Agreement means any agreement, contract, treaty or other arrangement whereby one or more insurers, as reinsurers, assume liabilities under insurance policies or agreements issued by another insurance or reinsurance company or companies.

  • Reinsurance means the activity consisting in accepting risks ceded by an insurance undertaking or by another reinsurance undertaking or, in the case of the association of underwriters known as Lloyd's, the activity consisting in accepting risks, ceded by any member of Lloyd's, by an insurance or reinsurance undertaking other than the association of underwriters known as Lloyd's;