Indemnity Reinsurance Agreements Sample Clauses

Indemnity Reinsurance Agreements. Section 8.16
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Indemnity Reinsurance Agreements. At the Closing, the parties shall execute and deliver the Indemnity Reinsurance Agreements by and between each of FBIC and FFLIC, on the one hand, and each of PLICO, Empire and PLAIC, on the other hand (the “Indemnity Reinsurance Agreements”) in substantially the forms collectively attached hereto as Exhibit D.
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Indemnity Reinsurance Agreements. At the Closing, Seller and Purchaser shall execute and deliver to each other the Purchaser Indemnity Reinsurance Agreement in substantially the form of Exhibit A hereto, and Seller and LLANY shall execute and deliver to each other the LLANY Indemnity Reinsurance Agreement, the terms of which the parties will negotiate prior to Closing. Promptly following the date hereof, Seller and LLANY shall negotiate in good faith the terms of the LLANY Indemnity Reinsurance Agreement, which agreement shall be identical in all material respects to the Purchaser Indemnity Reinsurance Agreement, except for such modifications, if any, as may be deemed necessary by the parties in order for the agreement to receive approval of the New York Insurance Department. Each of the Indemnity Reinsurance Agreements shall be effective as of the Effective Date.
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Indemnity Reinsurance Agreements. 4 "Insurance Contracts"............................................... 4 "Insurance Liabilities"............................................. 4 "Knowledge"......................................................... 4 "Lien".............................................................. 4 "Losses"............................................................ 5 "Material Business Contracts"....................................... 5 "Minnesota SAP"..................................................... 5 "NAIC".............................................................. 5 "National Marketing Agreement"...................................... 5 "Neutral Auditors".................................................. 5 -i-
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Indemnity Reinsurance Agreements. At the Closing, Seller and Purchaser shall execute and deliver to each other the Purchaser Indemnity Reinsurance Agreement, CLIC and Purchaser shall execute and deliver to each other the CLIC Indemnity Reinsurance Agreement, and Seller and LLANY shall execute and deliver to each other the LLANY Indemnity Reinsurance Agreement. Each of the Indemnity Reinsurance Agreements shall be effective as of the Effective Date.
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Indemnity Reinsurance Agreements. 65 5.12. Administrative Services Agreement. . . . . . . . . . . . . . 65 5.13. Transition Services Agreement. . . . . . . . . . . . . . . . 66 5.14. Xxxx of Sale . . . . . . . . . . . . . . . . . . . . . . . . 66 5.15. Trust Agreements . . . . . . . . . . . . . . . . . . . . . . 66 5.16(a). General Assignment Agreement. . . . . . . . . . . . . . . 66 5.16(b). Custodian Agreement . . . . . . . . . . . . . . . . . . . 66 5.17. Coinsurance and Assumption Agreement . . . . . . . . . . . . 66 5.18. Products . . . . . . . . . . . . . . . . . . . . . . . . . . 67 5.19. Employees; Severance Payments. . . . . . . . . . . . . . . . 68 5.20.
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Indemnity Reinsurance Agreements. At the Closing, Seller and Purchaser shall execute and deliver to each other the Purchaser Indemnity Reinsurance Agreement in substantially the form of Exhibit B-1 hereto, and Seller and Newco shall execute and deliver to each other the Newco Indemnity Reinsurance Agreement in substantially the form of Exhibit B-2 hereto, each of which shall be effective as of the Effective Date.
Sample 1
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Related to Indemnity Reinsurance Agreements

  • Reinsurance Agreements In consideration of the premium stated herein, the Underwriter does hereby agree with the Named Insured to reinsure the Named Insured's insurance policies which provide coverage to the Assured, to the extent hereinafter set forth:

  • Insurance Agreement The Trustee is authorized and directed to execute and deliver the Insurance Agreement and to perform the obligations of the Trustee thereunder.

  • Insurance Matters The Loan Trustee shall have received an insurance report of an independent insurance broker and the related certificates of insurance, each in form and substance reasonably satisfactory to the Loan Trustee, as to the compliance with the terms of Section 7.06 of the Indenture relating to insurance with respect to the Aircraft.

  • 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.

  • Tax Indemnity Agreement The Tax Indemnity Agreement (Federal Express Corporation Trust No. N681FE), dated as of June 15, 1998, between the Lessee and the Owner Participant.

  • Indemnity Agreement The Indemnity Agreement Regarding Hazardous Materials made by the Borrower and Guarantors, in favor of the Agent and the Lenders, as the same may be modified, amended or ratified, pursuant to which each of the Borrower and the Guarantors agrees to indemnify the Agent and the Lenders with respect to Hazardous Substances and Environmental Laws.

  • Insurance Contracts To the extent that any Welfare Plan is funded through the purchase of an insurance contract or is subject to any stop loss contract, the Parties shall cooperate and use their commercially reasonable efforts to replicate such insurance contracts for SpinCo or Parent as applicable (except to the extent that changes are required under applicable Law or filings by the respective insurers) and to maintain any pricing discounts or other preferential terms for both Parent and SpinCo for a reasonable term. Neither Party shall be liable for failure to obtain such insurance contracts, pricing discounts, or other preferential terms for the other Party. Each Party shall be responsible for any additional premiums, charges, or administrative fees that such Party may incur pursuant to this Section 7.06.

  • 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.

  • Indemnity for Performance Agreements The Vendor agrees to indemnify and hold harmless and defend TIPS, TIPS Member(s), officers and employees from and against all claims and suits for damages, injuries to persons (including death), property damages, losses, and expenses including court costs and attorney’s fees, arising out of, or resulting from, Vendor’s work under this Agreement, including all such causes of action based upon common, constitutional, or statutory law, or based in whole or in part, upon allegations of negligent or intentional acts on the part of the Vendor, its officers, employees, agents, subcontractors, licensees, or invitees, unless such claims are based in whole upon the negligent acts or omissions of the TIPS, TIPS Member(s), officers, employees, or agents. If based in part upon the negligent acts or omissions of the TIPS, TIPS Member(s), officers, employees, or agents, Vendor shall be responsible for their proportional share of the claim. State of Texas Franchise Tax By signature hereon, the bidder hereby certifies that he/she is not currently delinquent in the payment of any franchise taxes owed the State of Texas under Chapter 171, Tax Code.

  • 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.

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