Reinsurance Contract definition

Reinsurance Contract means a contract whereby an insurer reinsures the risk insured by him, or part of that risk, with another insurer or reinsurer;

Reinsurance Contract means a contract entered into by a special purpose financial captive insurance company and a ceding insurer by which the special purpose financial captive insurance company agrees to provide reinsurance to the ceding insurer for risks associated with the ceding insurer's insurance or reinsurance business.

Reinsurance Contract has the meaning set forth in Section 3.19(f).

Examples of Reinsurance Contract in a sentence

• In the event Retrocedant or Retrocessionaire is held liable to pay any punitive, exemplary, compensatory or consequential damages because of alleged or actual bad faith or negligence related to the handling of any claim under any Reinsurance Contract or otherwise in respect of such Reinsurance Contract, the parties shall be liable for such damages in proportion to their responsibility for the conduct giving rise to the damages.

• Except as otherwise specifically provided for in Article XIV of this Agreement, nothing in this Agreement is intended or shall be construed to give any Person, other than the parties hereto, their successors and permitted assigns, any legal or equitable right, remedy or claim under or in respect of this Agreement or any provision contained herein, and Retrocessionaire shall not be directly liable hereunder to any reinsured under any Reinsurance Contract.

• This Agreement shall be continuous as to the Reinsurance Contract.

• Retrocedant has agreed to retrocede to Retrocessionaire, and Retrocessionaire has agreed to assume by indemnity reinsurance, as of the Effective Time, a one hundred percent (100%) quota share of the liabilities arising pursuant to the Reinsurance Contract (as defined hereunder), subject to the terms set forth herein.

• In addition, each party shall have the right to take copies (including electronic copies) of any information held by the other party that reasonably relates to this Agreement or the Reinsurance Contract.

More Definitions of Reinsurance Contract

Reinsurance Contract means an insurance contract under which one insurer, called the reinsurer, indemnifies, or otherwise compensates, another insurer, called the cedant, against losses on one or more contracts of insurance entered into by the cedant;

Reinsurance Contract means a contract between an affiliated

Reinsurance Contract means a short-term reinsurance contract or a long-term reinsurance contract, as the case may be, irrespective of the form in which the rights and obligations of the parties thereto are expressed or created, which constitutes any class of insurance business;

Reinsurance Contract means a contract between an LPS and a ceding insurer pursuant to which the LPS agrees to provide reinsurance to the ceding insurer for risks.

Reinsurance Contract means any contractual arrangement whereby some element of risk contained in the rules of the medical scheme is transferred to a reinsurer in return for some consideration;

Reinsurance Contract means a contract between an affiliated reinsurance company and a ceding insurer pursuant to which the affiliated reinsurance company agrees to provide reinsurance to the ceding insurer.

Reinsurance Contract means a reinsurance contract between TMK, as reinsurer, and a Ceding Company pursuant to which TMK, as reinsurer, assumes certain liabilities of the Ceding Company with respect to one or more Insurance Contracts.