Amount of Reinsurance Sample Clauses

Amount of Reinsurance. In-force Beg. of Period Paid For Revivals Other Increases Total Increases Deaths Recaptures Expiries Surrenders Lapses Conversions Other Decreases Total Decreases In-Force End of Period Year-to-Date
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Amount of Reinsurance. In-force Beg. of Year Paid For Revivals Other Increases Total Increases Deaths Recaptures Expiries Surrenders Lapses Conversions Other Decreases Total Decreases In-Force End of Year EXHIBIT F - 3 Ceding Company: The Guardian Insurance and Annuity Company, Inc. Reinsurer: The Guardian Life Insurance Company of America Quarterly Reserve Report for Reserve Credit Taken Reserves as of , 19
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Amount of Reinsurance. (a) Subject to the satisfaction of each of the Closing Conditions, Ceding Company hereby cedes to Reinsurer, on a coinsurance basis, and Reinsurer hereby accepts and agrees to reinsure, as of the Effective Date, the Ceded Percentage of the Reinsured Liabilities arising prior to, on or after the Effective Date. Reinsurer shall remain liable as Reinsurer for all Reinsured Liabilities reinsured under this Reinsurance Agreement until the earlier of (i) such time as Ceding Company no longer has any Reinsured Liabilities, or (ii) the date this Reinsurance Agreement is terminated in accordance with the provisions of Article VIII hereof. The liability of Reinsurer under this Reinsurance Agreement shall (x) follow and be identical to the liability of Ceding Company in respect of the Reinsured Liabilities, and (y) remain in full force and effect without regard to the collectability of reinsurance under any of the Inuring Reinsurance Agreements. For purposes of the foregoing, the term “
Sample 1
Amount of Reinsurance. (a) Subject to the satisfaction of each of the Closing Conditions, Ceding Company hereby cedes to Reinsurer, on a modified coinsurance basis, and Reinsurer hereby accepts and agrees to reinsure, as of the Effective Date, the Ceded Percentage of the Reinsured Liabilities arising prior to, on or after the Effective Date. Reinsurer shall remain liable as Reinsurer for all Reinsured Liabilities reinsured under this Agreement until the earlier of (i) such time as Ceding Company no longer has liability under the SHIP Health Insurance Policies or (ii) the date this Agreement is terminated in accordance with the provisions of Article VIII hereof. The liability of Reinsurer under this Agreement shall (x) follow and be identical to the liability of Ceding Company in respect of the Reinsured Liabilities, and (y) remain in full force and effect without regard to the collectability of reinsurance under any Other Reinsurance Agreements. For purposes of the foregoing, the term “
Sample 1
Amount of Reinsurance. (a) Ceding Company hereby cedes to Reinsurer, on a coinsurance basis, and Reinsurer hereby accepts and agrees to reinsure, as of the Effective Time and net of inuring reinsurance, the Ceded Percentage of the Insurance Liabilities. Reinsurer shall remain liable as Reinsurer on all liability reinsured under this Reinsurance Agreement until the earlier of (i) such time as Ceding Company no longer has liability under the Insurance Policies or (ii) the date this Reinsurance Agreement is terminated. Except as set forth in Section 3.2, the liability of Reinsurer under this Reinsurance Agreement shall follow and be identical to the liability of Ceding Company in respect of the Insurance Liabilities. Notwithstanding anything herein to the contrary, Reinsurer’s liability for Extra Contractual Liabilities, whether known or unknown, directly or indirectly arising out of or relating to any actual or alleged action or inaction of SHIP or its subcontractors or delegees prior to the Effective Time shall be limited to Fifty Thousand Dollars ($50,000) per occurrence and subject to an aggregate limit of Two Million Dollars ($2,000,000) for the term of this Reinsurance Agreement.
Sample 1
Amount of Reinsurance. (a) New York Ceding Company hereby cedes to Reinsurer, on a coinsurance basis, and Reinsurer hereby accepts and agrees to reinsure, as of the Effective Time, the Ceded Percentage of the New York Insurance Liabilities. Reinsurer shall remain liable as Reinsurer on all liability reinsured under this New York Reinsurance Agreement until the earlier of (i) such time as New York Ceding Company no longer has liability under the New York Insurance Policies or (ii) the date this New York Reinsurance Agreement is terminated. Except as set forth in Section 3.2, the liability of Reinsurer under this New York Reinsurance Agreement shall follow and be identical to the liability of New York Ceding Company in respect of the New York Insurance Liabilities. Notwithstanding anything herein to the contrary, Reinsurer’s liability for New York Extra Contractual Liabilities, whether known or unknown, directly or indirectly arising out of or relating to any actual or alleged action or inaction of SHIP or its subcontractors or delegees prior to the Effective Time shall be limited to Fifty Thousand Dollars ($50,000) per occurrence and subject to an aggregate limit of Five Hundred Thousand Dollars ($500,000) for the term of this New York Reinsurance Agreement.
Sample 1
Amount of Reinsurance. The quota share amount of reinsurance under this Agreement shall be 100%. SCHEDULE III
Sample 1
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Related to Amount of Reinsurance

  • Payment of Reinsurance Premiums For automatic and facultative reinsurance, following the close of each calendar month, the Ceding Company will send the Reinsurer a statement and a listing of new business, changes and terminations. If a net reinsurance premium balance is payable to the Reinsurer, the Ceding Company will forward this balance within (60) sixty days after the close of each month. If a net reinsurance premium balance is payable to the Ceding Company, the balance due will be subtracted from the reinsurance premium payable by Ceding Company for the current month. The Reinsurer shall pay any remaining balance due the Ceding Company sixty days after the Ceding Company submits the statement.

  • Plan of Reinsurance A. Reinsurance of Life risks shall be on the risk premium basis. The risk amount on the policy reinsured shall be calculated monthly and shall be equal to the death benefit less the cash value. At the time of issue, the Ceding Company shall cede to the North American Re the portion of the initial risk amount in excess of its retention thereafter, the Ceding Company and the North American Re shall keep the same proportionate shares of the risk amount developed each month.

  • BASIS OF REINSURANCE Reinsurance under this Agreement will be on the Yearly Renewable Term basis on the portion of each policy that is reinsured as described in Schedule A.

  • Reinsurance The Contractor shall purchase reinsurance from a commercial reinsurer and shall establish reinsurance agreements meeting the requirements listed below. The Contractor shall submit new policies, renewals or amendments to OMPP for review and approval at least one hundred and twenty (120) calendar days before becoming effective.  Agreements and Coverage  The attachment point shall be equal to or less than $200,000 and shall apply to all services, unless otherwise approved by OMPP. The Contractor electing to establish commercial reinsurance agreements with an attachment point greater than $200,000 must provide a justification in its proposal or submit justification to OMPP in writing at least one hundred and twenty (120) calendar days prior to the policy renewal date or date of the proposed change. The Contractor must receive approval from OMPP before changing the attachment point.  The Contractor’s co-insurance responsibilities above the attachment point shall be no greater than twenty percent (20%).  Reinsurance agreements shall transfer risk from the Contractor to the reinsurer.  The reinsurer's payment to the Contractor shall depend on and vary directly with the amount and timing of claims settled under the reinsured contract. Contractual features that delay timely reimbursement are not acceptable.  The Contractor shall maintain a plan acceptable to the IDOI commissioner for continuation of benefits in the event of receivership. The Contractor must finance the greater of $1,000,000 or total projected costs as calculated by the form set forth in 760 IAC 1-70-8.  The Contractor shall obtain continuation of coverage insurance (insolvency insurance) to continue plan benefits for members until the end of the period for which premiums have been paid. This coverage shall extend to members in acute care hospitals or nursing facility settings when the Contractor’s insolvency occurs during the member’s inpatient stay. The Contractor shall continue to reimburse for its member’s care under those circumstances (i.e., inpatient stays) until the member is discharged from the acute care setting or nursing facility.  Requirements for Reinsurance Companies  The Contractor shall submit documentation that the reinsurer follows the National Association of Insurance Commissioners' (NAIC) Reinsurance Accounting Standards.  The Contractor shall be required to obtain reinsurance from insurance organizations that have Standard and Poor's claims- paying ability ratings of "AA" or higher and a Xxxxx’x bond rating of “A1” or higher, unless otherwise approved by OMPP.  Subcontractors  Subcontractors’ reinsurance coverage requirements must be clearly defined in the reinsurance agreement.  Subcontractors should be encouraged to obtain their own stop-loss coverage with the above-mentioned terms.  If subcontractors do not obtain reinsurance on their own, the Contractor is required to forward appropriate recoveries from stop- loss coverage to applicable subcontractors.

  • Credit for Reinsurance Retrocessionaire shall take all actions reasonably necessary, if any, to permit Retrocedant to obtain full financial statement credit in all applicable U.S. jurisdictions for all liabilities assumed by the Retrocessionaire pursuant to this Agreement, including but not limited to loss and loss adjustment expense reserves, unearned premium reserves, reserves for incurred but not reported losses, allocated loss adjustment expenses and ceding commissions, and to provide the security required for such purpose, in a form reasonably acceptable to Retrocedant. Any reserves required by the foregoing in no event shall be less than the amounts required under the law of the jurisdiction having regulatory authority with respect to the establishment of reserves relating to the relevant Reinsurance Contracts. For purposes of this Article XIX, such "actions reasonably necessary" may include, without limitation, the furnishing of a letter of credit or the establishment of a custodial or trust account, as permitted under applicable law, to secure the payment of the amounts due the Retrocedant under this Agreement.

  • Automatic Reinsurance For automatic reinsurance, the Reinsurer's liability will commence at the same time as the Ceding Company's liability, including liability under any conditional receipt or temporary insurance provision.

  • Other Reinsurance The Company shall be permitted to carry other reinsurance, recoveries under which shall inure solely to the benefit of the Company and be entirely disregarded in applying all of the provisions of this Contract.

  • FACULTATIVE REINSURANCE For Facultative reinsurance, the Reinsurer’s liability will commence at the same time as the Ceding Company’s liability, provided that the Reinsurer has made a binding Facultative offer and that offer was accepted, during the lifetime of the insured, in accordance with the terms of this Agreement.

  • Reinsurer’s Liability The Reinsurer’s liability with respect to the Reinsured Risks will terminate on the earliest of: (i) the date the Company’s liability with respect to the Reinsured Risks is terminated and all amounts due the Company from the Reinsurer with respect to such Reinsured Risks are paid to the Company by or on behalf of the Reinsurer; and (ii) the date this Agreement is terminated upon the written agreement of the parties.

  • Reinsurance Premiums A. Computation Reinsurance Premiums under this Agreement shall be calculated as described in Exhibit I.

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