OTHER REINSURANCE AGREEMENTS Sample Clauses

OTHER REINSURANCE AGREEMENTS. (a) Except for this Agreement, Other Reinsurance Agreements shall inure to the sole and exclusive benefit and cost of Reinsurer. For the avoidance of doubt, the collectability of any such reinsurance or other amounts associated with the Other Reinsurance Agreements shall be at the risk and for the account of Reinsurer. Ceding Company shall reasonably cooperate with Reinsurer as may be necessary to enable Reinsurer to pursue any management and collection efforts related to the Other Reinsurance Agreements, provided, however, that such cooperation shall not require Ceding Company to incur material costs and expenses not reimbursed by Reinsurer or expose Ceding Company to additional risk or exposure in respect of the transactions contemplated by this Agreement.
Sample 1
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OTHER REINSURANCE AGREEMENTS. Acadian hereby represents to Security National Life that there is not presently in force any other reinsurance or coinsurance agreement between Acadian and any other company, except for those reinsurance agreements listed and described on Schedule F attached hereto, nor has Acadian ceded any business to any company through any means whatsoever, except as set forth on Schedule F.
Sample 1
OTHER REINSURANCE AGREEMENTS. Star and Affiliated Companies agree that all reinsurance to be ceded to excess of loss and quota share reinsurers, excluding the parties hereto shall be ceded by and in the name of Star. Star assumes all premium responsibilities associated with any and all unaffiliated reinsurance agreements in effect on January 1, 2005 with Ameritrust, Savers and/or Williamsburg named separately or collectively inclusive of Star. In return for the payment of such premiums Ameritrust, Williamsburg and Savers agree to assign all reinsurance recoverables under said unaffiliated reinsurance agreements to Star. ARTICLE VII ACCOUNTING Accounts, including reports for premiums and losses, and payment of losses shall be made no less frequently than on a quarterly basis, unless there is no activity during the period. The report of premiums and losses shall set forth the ceding Company's total loss and loss expense reserves on the policy obligations subject to this agreement. A ceding company may make a request at any time for immediate payment of a recovery and the funds will be made available without delay.
Sample 1
OTHER REINSURANCE AGREEMENTS. Star and Affiliated Companies agree that all reinsurance to be ceded to excess of loss and quota share reinsurers, excluding the parties hereto shall be ceded by and in the name of Star.
Sample 1
OTHER REINSURANCE AGREEMENTS. Star and Affiliated Companies agree that all reinsurance to be ceded to excess of loss and quota share reinsurers, excluding the parties hereto shall be ceded by and in the name of Star. Star assumes all premium responsibilities associated with any and all unaffiliated reinsurance agreements in effect on January 1, 2005 with Ameritrust, Savers and/or Williamsburg named separately or collectively inclusive of Star. In return for the payment of such premiums Ameritrust, Williamsburg and Savers agree to assign all reinsurance recoverables under said unaffiliated reinsurance agreements to Star.
Sample 1

Related to OTHER 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:

  • 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.

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

  • 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.

  • 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.

  • Letter Agreements The Company shall not take any action or omit to take any action which would cause a breach of any of the Letter Agreements executed and will not allow any amendments to, or waivers of, such Letter Agreements without the prior written consent of the Representative.

  • 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.

  • Lease Agreements 13.1 The Customer shall provide FPL a copy of the lease agreement, as applicable, for any and all leased interconnection equipment.

  • Legal Agreements This Agreement constitutes and, upon due execution by the Borrower, the other Loan Documents will constitute the legal, valid and binding obligations of the Borrower, enforceable against the Borrower in accordance with their respective terms.

  • Tax Agreements The Company is not a party to or bound by any tax sharing agreement, tax indemnity obligation or similar agreement with respect to Taxes, including any advance pricing agreement, closing agreement or other agreement relating to Taxes with any taxing authority.

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