Underlying Reinsurance Agreement definition

Underlying Reinsurance Agreement shall have the meaning set forth in Section 3.28(c).
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Underlying Reinsurance Agreement means each of the following agreements:
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Underlying Reinsurance Agreement means each of (a) that certain AmTrust Intercompany Reinsurance Agreement, effective June 1, 2006, by and among Technology Insurance Company, Inc. ("Technology"), Rochdale Insurance Company ("Rochdale"), Wesco Insurance Company ("Wesco") and the Company, (b) that certain 70% Whole Account Quota Share Reinsurance Agreement, effective as of July 1, 2006, by and between IGI Insurance Company Limited ("IGI") and the Company, (c) that certain Quota Share Reinsurance Agreement, effective as of May 1, 2007, by and between AmTrust International Underwriters, Ltd. ("AIU") and the Company, and (d) any other reinsurance agreement entered into from time to time after the date hereof by and between an Affiliate, as ceding company, including without limitation AIIC, and the Company, as reinsurer.
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Examples of Underlying Reinsurance Agreement in a sentence

  • Each Ceded Reinsurance Agreement and each Underlying Reinsurance Agreement is in full force and effect in accordance with its terms and is a valid and binding obligation of PLA, PRL or UA, as applicable, and, to the Knowledge of each Ceding Company, each other party to such Ceded Reinsurance Agreement or Underlying Reinsurance Agreement.

  • Each Ceding Company has made available to Buyer true, correct and complete copies of each Underlying Reinsurance Agreement that is in force on the date of this Agreement, and all material amendments and assignments thereto.

  • To the Knowledge of each Ceding Company, no party to any Ceded Reinsurance Agreement or Underlying Reinsurance Agreement is the subject of a rehabilitation, liquidation, conservatorship, receivership, bankruptcy or similar proceeding.

  • Since December 31, 2017, no Ceding Company has received any written or, to the Knowledge of the applicable Ceding Company, oral notice to the effect that the financial condition of the other party to any Ceded Reinsurance Agreement or Underlying Reinsurance Agreement is impaired or that a material default thereunder may reasonably be anticipated, whether or not such default may be cured by the operation of any offset clause in such agreement.

  • No Ceding Company has received (i) any written, or to the Knowledge of the applicable Ceding Company, oral, or (ii) given, any notice of early termination or recapture under any Ceded Reinsurance Agreement or Underlying Reinsurance Agreement.

  • All amounts owed under any Ceded Reinsurance Agreement or Underlying Reinsurance Agreement have been timely paid in accordance with their terms.

  • Kitanov (SOM 166407).A very rare species known from Mt Bistra, Gorna Radika Gorge, and Lukovo Pole.

  • Any amounts payable to the Ceding Company under a Ceded Reinsurance Agreement or Underlying Reinsurance Agreement that would be Reinsured Liabilities and are not actually received by the Ceding Company as a direct result of a Carolina Circumstance shall be deemed received for all purposes hereunder, except in the event of a recapture of an Underlying Reinsurance Agreement, which shall be governed by Section 2.11(b).

  • The Ceding Companies have made available to Buyer true, correct and complete copies of all policy forms, riders, endorsements and supplements on which the Reinsured Policies with at least $20,000,000 of Ceded Reserves (other than any Reinsured Policies ceded to a Ceding Company pursuant to an Underlying Reinsurance Agreement) were written, other than state by state variations thereof.

  • Each Ceded Reinsurance Agreement and each Underlying Reinsurance Agreement is enforceable in accordance with its terms against PLA, PRL or UA, as applicable, and, to the Knowledge of each Ceding Company, each other party to such Ceded Reinsurance Agreement or Underlying Reinsurance Agreement, subject in each case to the Enforceability Exceptions.


More Definitions of Underlying Reinsurance Agreement

Underlying Reinsurance Agreement means a Coinsurance Agreement set out in redacted form in Annexure A to this Agreement entered into between the Retrocedant and the Ceding Company on [***] whereby certain [***] business written by the Ceding Company was reinsured by the Retrocedant.
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Underlying Reinsurance Agreement means that certain Reinsurance Agreement, effective as of December 31, 2009, between the Beneficiary, as reinsurer thereunder, and the Underlying Ceding Company, as ceding insurer thereunder.
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Underlying Reinsurance Agreement means that certain Annuity Reinsurance Agreement, dated as of the date hereof, by and between the Direct Insurer, as ceding company, and the Company, as reinsurer, a copy of which is attached hereto at Exhibit 2.
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Underlying Reinsurance Agreement means each written contract, agreement, instrument or other legally binding and enforceable commitment or under which any of the Ceding Companies or the applicable counterparties have continuing rights or obligations and whereby Reinsured Policies are assumed by PLA, PRL or UA, as applicable. Each Ceding Company has made available to Buyer true, correct and complete copies of each Underlying Reinsurance Agreement that is in force on the date of this Agreement, and all material amendments and assignments thereto.
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Underlying Reinsurance Agreement has the meaning specified in Section 5.17(b).
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Related to Underlying Reinsurance Agreement

  • 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;

  • Lease Agreement means the bargain, with respect to the lease, of the lessor and the lessee in fact as found in their language or by implication from other circumstances including course of dealing or usage of trade or course of performance as provided in this article. Unless the context clearly indicates otherwise, the term includes a sublease agreement.

  • CMPPA Agreement means the CMPPA Agreement between the SSA and CHHS.

  • Data Use Agreement means the agreement incorporated into the Contract to facilitate creation, receipt, maintenance, use, disclosure or access to Confidential Information.