Underlying Reinsurance Agreements definition

Underlying Reinsurance Agreements means the reinsurance agreements listed in Schedule 1.1(C) under which the Underlying Companies have ceded any liabilities or obligations under Covered Insurance Policies to the Ceding Company.
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Underlying Reinsurance Agreements means the contracts, binders, certificates or other legally binding or enforceable evidence of assumed reinsurance, in each case, in effect as of the date hereof and set forth on Schedule 1.01(h).
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Underlying Reinsurance Agreements has the meaning set forth in the Reinsurance Agreement.
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Examples of Underlying Reinsurance Agreements in a sentence

  • Following the Effective Time, if requested by the Reinsurer and subject to obtaining all applicable approvals from any Person, the Ceding Company shall cooperate with the Reinsurer and use its commercially reasonable efforts to novate any Covered Insurance Policies or the Underlying Reinsurance Agreements, other than any Covered Insurance Policies with amounts invested in Separate Accounts, from the Ceding Company to the Reinsurer or a designated Affiliate of the Reinsurer.

  • The acceptance of risks under this Agreement will create no right or legal relation between the Reinsurer and any third party or person having an interest of any kind in the Policies or the Underlying Reinsurance Agreements retroceded under this Agreement, including without limitation any Affiliate.

  • The Ceding Company shall, and shall cause its Affiliates to, at all times, enforce any and all of its or their rights under the Ceded Reinsurance Agreements, the Underlying Reinsurance Agreements and the Related Agreements, as set forth in this paragraph, to the extent reasonably practicable and in compliance with Applicable Law and the terms of the applicable Ceded Reinsurance Agreement, Underlying Reinsurance Agreement or the Related Agreements and the terms of the applicable Reinsured Policies.

  • The Reinsurer shall indemnify, reimburse and hold harmless the Company for its Quota Share of losses under the Underlying Reinsurance Agreements (subject to the terms, conditions, exclusions and limits of such Underlying Reinsurance Agreements), subject at all times to an aggregate maximum exposure equal to the Collateral Amount (defined below), which shall be at all times, and from time to time, the Reinsurer’s aggregate limit under this Reinsurance Agreement.

  • This Reinsurance Agreement (including any amendments hereto) and the Underlying Reinsurance Agreements (including any amendments thereto) constitute the entire agreement among the parties with respect to the subject matter hereof and supersedes all other prior agreements and understandings, both written and verbal, among the parties or any of them with respect to the subject matter hereof.

  • In the event of the termination of this Reinsurance Agreement, the Reinsurer shall remain liable as of the date of termination with respect to its Reinsurer Obligations for each of the Underlying Reinsurance Agreements of the Company in force prior to the termination of this Reinsurance Agreement until the natural expiration date and final disposition of all of the Company’s obligations and liabilities under such Underlying Reinsurance Agreements.

  • The Ceding Company shall, to the extent it has rights to do so, convey to the Underlying Companies under the Underlying Reinsurance Agreements the recommendations of the Reinsurer with respect to Non-Guaranteed Elements as if such recommendations were the Ceding Company's own.

  • Each of this Reinsurance Agreement and the Underlying Reinsurance Agreements constitutes a valid and binding obligation of the Company, enforceable against it in accordance with its terms, subject to bankruptcy, insolvency, fraudulent transfer, reorganization, moratorium and similar laws of general applicability relating to or affecting creditors’ rights and to general equity principles.

  • During the TERM of the AGREEMENT, MAOF shall pay a Cost Recovery Reimbursement Fee (“CRRF”) to RAP for costs related to utility, solid waste disposal (trash), and staff impacts incurred by RAP, which are associated with MAOF’s use of the PROPERTY and not paid directly to respective service.

  • Upon request of the Reinsurer, at the Reinsurer’s expense, the Company shall (a) supply the Reinsurer with copies of the whole or any part of such books and records relating to this Reinsurance Agreement or the subject matter hereof and (b) exercise its rights under the Underlying Reinsurance Agreements to review the books and records or seek additional information with respect to the Underlying Reinsurance Agreements.


More Definitions of Underlying Reinsurance Agreements

Underlying Reinsurance Agreements means the reinsurance agreements listed in Schedule [ ] under which the Underlying Companies have ceded any liabilities or obligations to the Ceding Company, including any such reinsurance agreement entered into or renewed by the Reinsurer after the Effective Time on behalf of the Ceding Company as administrator under the Administrative Services Agreement. 4 In the USLICONY Coinsurance Agreement, clause (a) of the “Triggering Event” definition will be revised to replace “150%” with “225%” and clause (b) will be deleted.
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Underlying Reinsurance Agreements means the contracts, binders, certificates or other legally binding or enforceable evidence of assumed reinsurance, in each case, in effect as of the date hereof and set forth on Schedule1.01(h).
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Related to Underlying Reinsurance Agreements

  • Reinsurance Agreements means any agreement, contract, treaty, certificate or other arrangement by which any Insurance Subsidiary agrees to transfer or cede to another insurer all or part of the liability assumed or assets held by it under one or more insurance, annuity, reinsurance or retrocession policies, agreements, contracts, treaties, certificates or similar arrangements. Reinsurance Agreements shall include, but not be limited to, any agreement, contract, treaty, certificate or other arrangement that is treated as such by the applicable Department.

  • Reinsurance Agreement means any agreement, contract, treaty, certificate or other arrangement whereby any Regulated Insurance Company agrees to transfer, cede or retrocede to another insurer or reinsurer all or part of the liability assumed or assets held by such Regulated Insurance Company under a policy or policies of insurance issued by such Regulated Insurance Company or under a reinsurance agreement assumed by such Regulated Insurance Company.

  • Insurance Agreement means the insurance and indemnity agreement identified in the Adoption Annex.

  • 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;

  • Retrocession Agreement means any agreement, contract, treaty or other arrangement whereby one or more insurers or reinsurers, as retrocessionaires, assume liabilities of reinsurers under a Reinsurance Agreement or other retrocessionaires under another Retrocession Agreement.

  • Insurance Contracts means all contracts and policies of insurance and re-insurance maintained or required to be maintained by or on behalf of any Grantor under the Loan Documents.

  • Insurance Contract means a contract (other than an Annuity Contract) under which the issuer agrees to pay an amount upon the occurrence of a specified contingency involving mortality, morbidity, accident, liability, or property risk.

  • FHA Mortgage Insurance Contract means the contractual obligation of the FHA respecting the insurance of a Mortgage Loan.

  • variable insurance contract means a contract of life insurance under which the interest of the purchaser is valued for purposes of conversion or surrender by reference to the value of a proportionate interest in a specified portfolio of assets.

  • Reinsurer has the meaning set forth in the preamble.

  • Ceding Company has the meaning set forth in the preamble.

  • reinsurance undertaking means reinsurance undertaking as defined in point (4) of Article 13 of Directive 2009/138/EC;

  • Cash Value Insurance Contract means an Insurance Contract (other than an indemnity reinsurance contract between two insurance companies) that has a Cash Value greater than $50,000.

  • Medicare supplement policy means a group or individual policy of [accident and sickness] insurance or a subscriber contract [of hospital and medical service associations or health maintenance organizations], other than a policy issued pursuant to a contract under Section 1876 of the federal Social Security Act (42 U.S.C. Section 1395 et. seq.) or an issued policy under a demonstration project specified in 42 U.S.C. § 1395ss(g)(1), which is advertised, marketed or designed primarily as a supplement to reimbursements under Medicare for the hospital, medical or surgical expenses of persons eligible for Medicare. “Medicare supplement policy” does not include Medicare Advantage plans established under Medicare Part C, Outpatient Prescription Drug plans established under Medicare Part D, or any Health Care Prepayment Plan (HCPP) that provides benefits pursuant to an agreement under §1833(a)(1)(A) of the Social Security Act.

  • Lease Agreements shall have the meaning set forth in Section 3.14.

  • Underlying Agreement means an agreement that is an underlying agreement for the purposes of paragraph 48 or Schedule 6 to the Act.

  • Underlying insurance means the DESIGNATED UNDERLYING POLICY and all insurances affording professional liability insurance coverage to any INSURED hereunder which are considered to be primary to this insurance, including without limitation, any such mandatory insurance coverage afforded any INSURED by any law society or other program, and any such non-mandatory insurances purchased as coverage or primary to (beneath) this POLICY coverage, but in no case shall include any insurance specifically acquired and stated to be in excess of this POLICY. Signed on behalf of Lawyers’ Professional Indemnity CompanyDaniel E. PinningtonDaniel E. PinningtonPresident and Chief Executive Officer Endorsement No . 1pollutIon exClusIonThis POLICY, subject to all its terms and conditions not in conflict with this endorsement, and further to Part III Exclusion (g), shall include the following:This insurance does not apply to:(a) damage arising out of the actual, alleged or threatened discharge, seepage, dispersal, release or escape of pollutants:

  • Insurance Schedule means Schedule 3 attached hereto.

  • Reinsured Policies has the meaning assigned to it in the Reinsurance Agreement.

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

  • Endorsement contract means an agreement under which a student athlete is employed or receives consideration to use on behalf of the other party any value that the student athlete may have because of publicity, reputation, following, or fame obtained because of athletic ability or performance.

  • Insurance Assignment each collateral assignment of insurance pursuant to which an Obligor assigns to Agent, for the benefit of Secured Parties, such Obligor’s rights under key-man life, business interruption or other insurance policies as Agent deems appropriate, as security for the Obligations.

  • Labor peace agreement means an agreement between an entity and a

  • R&W Insurance Policy has the meaning set forth in Section 6.15.

  • Insurance Policy With respect to any Mortgage Loan included in the Trust Fund, any insurance policy, including all riders and endorsements thereto in effect, including any replacement policy or policies for any Insurance Policies.

  • Certificate Insurance Policy The Financial Guaranty Insurance Policy No. CA01172A, and all endorsements thereto dated the Closing Date, issued by the Certificate Insurer for the benefit of the Class AF-3 Certificateholders.