Third Party Reinsurance Contracts definition

Third Party Reinsurance Contracts is defined in Section 2.23.

Third Party Reinsurance Contracts means reinsurance contracts issued by Third Party Reinsurers.

Third Party Reinsurance Contracts. Section 3.13.1

Examples of Third Party Reinsurance Contracts in a sentence

• None of the Insurance Subsidiaries has been prohibited under the applicable SAP or applicable insurance Laws from taking financial statement credit for the reinsurance provided by the Third Party Reinsurance Contracts and any reinsurance recoverables more than thirty days past due have been previously disclosed to Buyer.

• The Closing of the transactions contemplated by this Agreement will not give rise to any termination or recapture rights under the Third Party Reinsurance Contracts.

• Notwithstanding, and without limitation of, any other provision of this Agreement, the Cedant shall retain the ultimate authority to make all final decisions with respect to the administration of the Reinsured Policies and the Current Third Party Reinsurance Contracts.

• Notwithstanding, and without limitation of, any other provision of this Agreement, the Cedant shall retain the ultimate authority to make all final decisions with respect to the administration of the Reinsured Policies and the [*] Third Party Reinsurance Contracts.

• The Closing of the transactions contemplated by this Agreement will not give rise to any termination or recapture rights under the Third Party Reinsurance Contracts to which any Company is a party.

More Definitions of Third Party Reinsurance Contracts

Third Party Reinsurance Contracts means the reinsurance contracts, agreements, treaties or arrangements whereby the Cedant has ceded to unaffiliated reinsurers risks arising under or relating to the Reinsured Policies, [*] as set forth on Schedule 1.1(d) hereto; [*].

Third Party Reinsurance Contracts shall have the meaning set forth in the Acquisition Agreement.

Third Party Reinsurance Contracts shall have the meaning set forth in Section 4.14.

Third Party Reinsurance Contracts means the reinsurance contracts, agreements, and/or treaties, including all riders and endorsements, reinsuring liabilities that arepart of the Workers’ Compensation Book or under which ROA may have the right to recover any portion of the losses comprising the Workers’ Compensation Book. This shall include the contracts with General Reinsurance Corporation and its subsidiaries and affiliates (“Gen Re” - such contracts the “Gen Re Reinsurance”) and those with North American Reinsurance Corporation, its subsidiaries and affiliates (“NA Re” - such contracts the “North American Re Reinsurance”) and such other reinsurance contracts listed on Schedule 2.29, which is attached hereto and hereby incorporated by reference as if fully set forth herein. For the avoidance of doubt, the cession of reinsured liabilities to Purchaser under this Agreement is not intended to alter the terms of any Third-Party Reinsurance Contract. However, Seller may enter into one or more agreements to (1) assign to Purchaser, (2) substitute Purchaser for the Company and thus novate, or (3) commute such Third-Party Reinsurance Contracts before the Closing Date.

Third Party Reinsurance Contracts has the meaning set forth in Section 3.13.

Third Party Reinsurance Contracts means those reinsurance treaties, facultative agreements, binding facilities, counter guarantees and other indemnity agreements (to the extent related to the Subject Contracts) by which one insurer (or reinsurer) agrees to indemnify another insurer in respect of all or some portion of loss and loss expense incurred by the other insurer because of the issuance by that insurer of bonds, policies or contracts of insurance classified as surety, fidelity, burglary or fiduciary liability or assumed reinsurance relating to bonds, policies or contracts of insurance classified as surety, fidelity, burglary or fiduciary liability.

Third Party Reinsurance Contracts means all Contracts pursuant to which any Company cedes or retrocedes risks assumed under an insurance policy issued by such Company, including all coinsurance arrangements, retrocessional treaties and other forms of surplus relief agreements, however denominated.