Transferring Policy definition

Transferring Policy means any Policy [or reinsurance policy],1 including any endorsements or amendments thereto, underwritten by the Transferor under which any liability or contingent liability remains unsatisfied or outstanding at the Effective Date, excluding the Excluded Policies;
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Transferring Policy means any Policy (that is not an Excluded Policy; for the avoidance of doubt, there are expected to be no excluded policies), including any endorsements or amendments thereto, ever underwritten by the Transferor and forming part of the Transferring Business under which any liability or contingent liability remains unsatisfied or outstanding at the Scheme Date;
Sample 1

Examples of Transferring Policy in a sentence

  • To the extent that smoothing results in a payment of income under a Transferring Policy which is less than or more than the payment that would have been made in the absence of smoothing, the difference is to be credited or debited to the Transferring Policies Smoothing Account.

  • If on the Effective Date there are any pending court, tribunal or arbitration proceedings (excluding any proceedings (disciplinary or otherwise), investigation or enquiry by any Regulatory Authority or dispute referred to any ombudsman) by or against the Transferor in respect of any Transferring Policy, the same shall be continued by or against the Transferee with effect from the Effective Date.

  • MembersPersons who are Members of Equitable Life by virtue of a Transferring Policy and who are either currently resident in Jersey or Guernsey or who purchased the relevant policy through Equitable Life’s branch in Guernsey (irrespective of where they are resident), will have received a supplemental enclosure entitled “Channel Islands Enclosure” detailing how they are affected by the Transfer.

  • If the guaranteed income in respect of a Transferring Policy exceeds the non-guaranteed income, the liability to pay the excess will not be funded from Asset Shares.

  • The Asset Share will be established by Prudential on the Scheme Effective Date and will effectively represent the reserves required for the non-guaranteed income in respect of a Transferring Policy over the lifetime of the Transferring Policy.

  • Under federal statutory law, the minister of Natural Resources may issue licences for factories and magazines under paragraph 7(1)(a) of the Explosives Act, R.S.C., 1985, c.

  • All references in a Transferring Policy to the relevant Transferor or its Group Undertakings shall, where the context requires, be read and construed with effect on and from the Effective Date as references to the Transferee and its Group Undertakings.

  • If NCMTACurrent is less than NCMTANew then a payment shall be made from the Transferee DCPSF to the Transferee WPSF in an amount equal to the absolute value of the amount given by: (1) NCMTANew; MINUS (2) NCMTACurrent, and the Aggregate Asset Share shall be reduced by the amount of the payment and the Individual Asset Share of each Transferring Policy shall be reduced proportionately.

  • Thus, in the limited circumstances where a Transferring Policy has been written indirectly in the UK (i.e. signed-off for administrative purposes from London, but underwritten through a Hungarian, Slovakian or Czech branch), the writing of that policy would also have taken into account any specific local requirements.

  • Rights and options under a Transferring Policy* which, were it not for the Transfer*, would give rise to the issue of a new policy by ALI*, will instead be satisfied by the issue of a new policy by ALPI*.

Related to Transferring Policy

  • DWP Offshoring Policy means the Authority’s policy and procedures as advised to the Contractor by the Authority from time to time.

  • Transferring Party has the meaning given such term in Section 5.2(b).

  • transfer scheme means a property transfer scheme under section 300 of the Health and Social Care Act 2012 (transfer schemes) that transfers the rights and liabilities of a Primary Care Trust under arrangements for the provision of pharmaceutical services to other persons.

  • Trading Policy means the Company’s policy permitting certain individuals to sell Company shares only during certain “window” periods and/or otherwise restricts the ability of certain individuals to transfer or encumber Company shares, as in effect from time to time.

  • Insider Trading Policy means the written policy of the Company pertaining to the purchase, sale, transfer or other disposition of the Company’s equity securities by Directors, Officers, Employees or other service providers who may possess material, nonpublic information regarding the Company or its securities.

  • Transferring Member has the meaning set forth in Section 9.4.

  • Code of Conduct means an agreement or set of rules not imposed by law, regulation or administrative provision of a Member State which defines the behaviour of traders who undertake to be bound by the code in relation to one or more particular commercial practices or business sectors;

  • Transferring Employee means an employee at the airport who timely transfers to the regional authority by the transfer date.

  • Transferring Employees means employees of the Incumbent Contractor who are wholly or mainly assigned to work in the provision of the Service and who are subject of a Relevant Transfer to the Contractor by virtue of the application of the TUPE Regulations.

  • Proposed Transfer means any assignment, sale, offer to sell, pledge, mortgage, hypothecation, encumbrance, disposition of or any other like transfer or encumbering of any Transfer Stock (or any interest therein) proposed by any of the Key Holders or Investors.

  • Proposed Transfer Notice means written notice from a Key Holder setting forth the terms and conditions of a Proposed Key Holder Transfer.

  • Restriction Notice has the meaning set forth in Section 8.04(f) hereof.

  • Transfer Notice means the notice of a proposed transfer of Shares described in Section 8.

  • Supplier Code of Conduct means the code of that name published by the Government Commercial Function originally dated September 2017, as may be amended, restated, updated, re-issued or re-named from time to time;

  • Repurchase Rules and Regulations shall have the meaning specified in Section 6.14 of the Indenture.

  • prospective sale means a sale which is intended to be made in the future, upon the occurrence of a stated event, whether or not the occurrence of the event is certain;

  • Drug-free workplace means a site for the performance of work done in connection with a specific contract at which the employees of the Contractor are prohibited from engaging in the unlawful manufacture, distribution, dispensing, possession, or use of a controlled substance.

  • Principals or Key Personnel means and refers to those principals and key personnel of the Contractor, and its or their agents, as described in C.G.S. §§ 4-250(5) and 4-252(c)(1)(B) and (C).

  • Transfer Form means a standardized form prescribed by the Management Company to be duly filed by the investor to transfer Units and will be stated in this Offering Document.

  • Transferring Supplier Employees means those employees of the Supplier and/or the Supplier’s Sub-Contractors to whom the Employment Regulations will apply on the Service Transfer Date.

  • Proposed Transferee has the meaning set forth in Section 2.4(a).

  • Type II transfer means that phrase as defined by Section 3 of the Executive Organization Act of 1965, 1965 PA 380, MCL 16.103.

  • Transfer Shares has the meaning ascribed to such term in Section 6.2(a)

  • Business Condition means the financial condition, business, assets, liabilities and operations of a Person.

  • Type III transfer means that term as defined under Section 3(c) of the Executive Organization Act of 1965, 1965 PA 380, MCL 16.103.

  • Rectification Plan means the rectification plan pursuant to the Rectification Plan Process;