Transferred Policies definition

Transferred Policies has the meaning specified in Section 4.16.

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Transferred Policies means the policies and the Transferred Group Pension Policy Elements underwritten by the Transferor which are non-profit and non-profit unit-linked annuity policies and benefits, all of which are listed in the Data, but for the avoidance of doubt excluding the Excluded Policies and, prior to each Subsequent Transfer Date, the Residual Policies;

Transferred Policies means (i) each insurance policy held by a DivestCo NewCo or DivestCo Transferred Entity on the Separation Effective Time; and (ii) the Specified OPI Media Insurance Policy;

Examples of Transferred Policies in a sentence

Manulife USA shall pay all such claims, demands, actions, causes of action, proceedings, losses and costs whatsoever in respect of the Transferred Policies whether asserted against Manulife USA or asserted against Manulife America.
In accordance with this Agreement the applicable Transferor shall transition the administration of the Transferred Policies and related programs noted on Schedule D to the Transferee indicated on Schedule D (or such other entity designated by the applicable Transferee) and the Transferee shall pay the costs and fees of the Transferor during such transition as provided in Article IV and Schedule A.
With respect to the Transferred Policies, each Transferee agrees that it will reimburse the applicable Transferor under this Agreement for any additional premiums or other amounts owing to any Third Party as a result of any audit or similar procedure by a Third Party, to the extent that such additional premiums or amounts owing relate to Transferee or any of its subsidiaries during the period Transferee or such subsidiaries were covered by the relevant insurance policy.
With respect to the Transferred Policies, each Transferee agrees that if it obtains or maintains any insurance coverage after the date of the Distribution for matters occurring prior to that time (e.g., a claims made directors and officers insurance policy) it will also obtain or maintain such coverage for the applicable Transferor, and its subsidiaries, subject to the Transferor’s payment of the fees and costs in connection therewith as provided in this Agreement.
Section 4.16(b) of the Seller Disclosure Letter contains a correct and complete list, as of the date hereof, of all insurance policies owned by Seller and its Subsidiaries (other than the Transferred Entities) relating to the Business (the “Seller Policies” and together with the Transferred Policies, the “Insurance Policies”).

More Definitions of Transferred Policies

Transferred Policies means Phoenix Policies under which any liability remains unsatisfied or outstanding at the Transfer Date but excluding the Residual Policies and the Excluded Policies.

Transferred Policies shall have the meaning set forth in Section 2.3 hereof.

Transferred Policies shall have the meaning set forth in Section 7.02(b).

Transferred Policies means the policies underwritten by the Transferor to the extent listed in the Schedule of Policies, but for the avoidance of doubt excluding the Excluded Policies and, prior to each Subsequent Transfer Date, the Residual Policies;

Transferred Policies means (i) all the life insurance policies and annuity contracts issued or acquired by Manulife America on or before the Transfer Date, (ii) all life insurance policies and annuity contracts which have become claims by reason of maturity or death prior to the Transfer Date and which have not been settled before that date.

Transferred Policies shall have the meaning set forth in Section 3D(iii).

Transferred Policies means every Policy written or assumed by RLL under which any liability remains unsatisfied or outstanding at the Transfer Date, but excluding the Residual Policies and the Excluded Policies;