Third Party Reinsurers definition

Third Party Reinsurers means reinsurers unaffiliated with the Cedent other than the Reinsurer under this Quota Share Reinsurance Agreement.

Third Party Reinsurers means all reinsurers which are not affiliates of the Company and all of the special agent reinsurers set forth on Schedule 1.02. For purposes of this definition, the term "affiliates" has the meaning given in Section 107(a)(4) of the New York Insurance Law and includes, without limitation, Viking County Mutual Insurance Company and Commonwealth Lloyds Insurance Company.

Third Party Reinsurers means reinsurers unaffiliated with the Indemnitees other than the Indemnitor; and (iv) “Closing” means the closing of the transactions contemplated by the Stock Purchase Agreement, dated as of August 2, 2005 (the “Stock Purchase Agreement”), by and among the Indemnitor and the other parties thereto: Each of the Indemnitees agrees to provide prompt written notice to the Indemnitor upon becoming aware of a claim or demand for reimbursable Losses hereunder. In the event an Indemnified Person shall have a claim for indemnity against the Indemnitor under the terms of this Agreement, the parties shall, except as set forth in Section 16 hereof, follow the procedures set forth in Sections 13.6 through 13.9 of the Stock Purchase Agreement.

Examples of Third Party Reinsurers in a sentence

• The reinsurance provided by this Quota Share Reinsurance Agreement applies gross disregarding any reinsurance with Third Party Reinsurers.

• Such rights and liabilities of the Company relating to the Insurance Policies under any Third Party Reinsurance Agreement include amounts held by or which may become due from Third Party Reinsurers for losses or loss adjustment expenses on the Insurance Policies for which the Assuming Reinsurer assumed liability or for losses paid by the Company prior to the Effective Date.

• Folksam shall prepare and send, at its own expense, written notice of its appointment pursuant to Section 2.01 to all Cedants or Third Party Reinsurers and any person who, after the Closing Date, submits a claim under the Retained Business ("Claimants").

• Reinsurance Agreements and Future Reinsurance Opportunities o Third Party Reinsurers: Subject to the reinsurance guidelines provided by WIC, AUI will consider third party reinsurance so that WIC’s net risk profile remains within the limits described above.

• The Disability or Retirement of a Participant shall not constitute a termination of employment for purposes of the Plan and such Participant shall not forfeit any Restricted Shares held by him, provided that following Disability or Retirement such Participant does not engage in or assist any business that the Committee, in its sole discretion, determines to be in competition with business engaged in by the Company during the remainder of the applicable Restricted Period.

• The Company shall, if requested by an Assuming Reinsurer, provide reasonable assistance to the Assuming Reinsurer, at such Assuming Reinsurer's expense, in collection of all amounts due in respect of the Insurance Liabilities from Third Party Reinsurers which do not have or agree to an endorsement to Third Party Reinsurance Agreements and shall forward any funds collected to the Assuming Reinsurer.

• The Company and each applicable Assuming Reinsurer shall, at the expense of such Assuming Reinsurer, each use its best efforts to the extent mutually agreed to be necessary, to cause the Third Party Reinsurers of the Company, under the applicable Third Party Reinsurance Agreements to post replacement letters of credit to be issued directly in favor and for the benefit of the Assuming Reinsurer in the same or a greater amount, unless such Assuming Reinsurer shall consent to a reduced amount.

• Nothing in this Section 41 shall prevent THE REINSURER or THE COMPANY from using Confidential or Customer Information for its own internal analytical and business planning purposes in connection with this Agreement or from disclosing Confidential or Customer Information to Third Party Reinsurers.

• The term “July and Later Statements” shall mean billing statements received from cedents under the Treaties (or, in the case of the Third Party Reinsurance, sent by the Company to the Third Party Reinsurers) in July 2003 and later that either (A) report no renewal premium or (B) report renewal premium and the majority of policies for which renewal premium is reported are policies renewed during July, 2003 or later.

• Highlands and Westport shall, at the expense of Westport, each use its best efforts to the extent mutually agreed to be necessary, to cause the Third Party Reinsurers of Highlands under the applicable Third Party Reinsurance Agreements to post replacement letters of credit to be issued directly in favor and for the benefit of Westport in the same or a greater amount, unless Westport shall consent to a reduced amount.

More Definitions of Third Party Reinsurers

Third Party Reinsurers means the reinsurers under the Third Party Reinsurance Agreements.

Third Party Reinsurers means, as applicable, each third party reinsurer of FGIC, including Assured Guaranty Corp. and its Affiliates, American Overseas Reinsurance Company Limited (fka RAM Reinsurance Company Ltd.) and The TOA Reinsurance Company of America.

Third Party Reinsurers shall have the meaning provided in the Master Transaction Agreement.

Third Party Reinsurers means any company other than Reinsurer to which Company cedes all or a portion of its liabilities and obligations arising out of the Reinsured Losses.‌‌