Quota Share Reinsurance Agreement definition

Quota Share Reinsurance Agreement means the 100% Quota Share Reinsurance Agreement, to be entered into pursuant to Section 5.12 and which shall be substantially in the form set forth in Exhibit B-3.
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Quota Share Reinsurance Agreement means the Quota Share Reinsurance Agreement between the Company and MGA substantially in the form of Exhibit 3.
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Quota Share Reinsurance Agreement means that quota share reinsurance agreement(s), as may be amended from time to time, by and between Republic Underwriters Insurance Company and Quota Share Reinsurer reinsuring the Authorized Business.
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Examples of Quota Share Reinsurance Agreement in a sentence

  • Concurrent with the merger, ICIL entered into a Quota Share Reinsurance Agreement with Liberty Mutual Insurance Company (LMIC), covering the business written by LICA.

  • Effective January 1, 2010, ICIL terminated the Quota Share Reinsurance Agreement with LMIC and became a participant in the Liberty Mutual inter-company Reinsurance Agreement, with a 0.00% participation in the Pool.

  • More favourable conditions were reached with the Quota Share Reinsurance Agreement, in regard with the risk undertaken, premium rates, insured risks, etc., in comparison to the previous years.

  • On the same date, a 100% Quota Share Reinsurance Agreement was entered into whereby LIC reinsured all risks on the same policies back to the relevant open years of account of the syndicates that wrote the transferring policies and/or inherited liabilities on transferring policies through Reinsurance to Close of earlier years of account.

  • The reinsurance was conducted in compliance with the concluded Quota Share Reinsurance Agreement (compulsory) with the reinsures Atradius RE, and Nationale Borg.

  • Effective January 1, 2010, ICIL terminated the Quota Share Reinsurance Agreement with LMIC and became a participant in the Liberty Mutual inter-company Pool, with a 0.00% participation in the Pool.

  • On the same date, the Members of the Syndicate entered into a 100% Quota Share Reinsurance Agreement whereby Lloyd’s Brussels reinsured all risks on the same policies back to the relevant open years of account of the Syndicate which wrote the transferring policies and/or inherited liabilities on transferring policies through Reinsurance to Close of earlier years of account.

  • This Agreement (including all exhibits hereto), together with the Stock Purchase Agreement and the LPT and Quota Share Reinsurance Agreement, constitutes the entire agreement regarding the Administrative Services and supersedes all prior agreements and understandings regarding the Administrative Services, whether written or oral, among the parties with respect to the matters contemplated hereby.

  • At the Closing, Administrator and the Company shall have entered into an Administrative Services Agreement substantially in the form attached hereto as Exhibit A, to be effective at the Closing Effective Time (the “Administrative Services Agreement”), whereby Administrator shall, among other things, administer all policies reinsured by Reinsurer under the LPT and Quota Share Reinsurance Agreement, in accordance with the terms and conditions set forth therein.

  • At the Closing, Seller shall deliver to Buyer a guaranty substantially in the form attached hereto as Exhibit G (the “Guaranty”), whereby QBE Insurance Group Limited shall guaranty the obligations of Seller, and Seller’s Affiliates as applicable, under this Agreement, the Administrative Services Agreement and the LPT and Quota Share Reinsurance Agreement.


More Definitions of Quota Share Reinsurance Agreement

Quota Share Reinsurance Agreement means the Quota Share Reinsurance Agreement attached hereto as Exhibit B.
Sample 1
Quota Share Reinsurance Agreement means the Quota Share Reinsurance Agreement between the SPS and Syndicate 4444 dated as of the SPS Closing Date and having the terms mutually acceptable to Parent and Investor in their reasonable discretion.
Sample 1
Quota Share Reinsurance Agreement means the unearned premium and prospective quota share reinsurance agreement dated as of the date hereof, by and between HSIC, AHIC, HIC, HNIC and Reinsurer.
Sample 1
Quota Share Reinsurance Agreement as used herein shall mean that certain Amended and Restated Quota Share Treaty Reinsurance Contract issued to Reinsured by Reinsurer originally effective as of December 1, 2007 and amended and restated on May 28, 2010 and as amended by Amendment Number 1, dated as of [·] [·], [·] (the “Amendment”).
Sample 1
Quota Share Reinsurance Agreement means the Quota Share Reinsurance Agreement between Donegal Mutual and Southern Mutual in substantially the form of Appendix E.
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Quota Share Reinsurance Agreement shall have the meaning set forth in the recitals.
Sample 1

Related to Quota Share Reinsurance Agreement

  • Reinsurance Agreement means any agreement, contract, treaty or other arrangement whereby one or more insurers, as reinsurers, assume liabilities under insurance policies or agreements issued by another insurance or reinsurance company or companies.

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

  • 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.

  • 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.

  • Data Sharing Agreement A formal agreement that documents what data is being shared and how the data can be used between the Parties. ‘‘Data Sharing Code of Practice” the code of practice issued by the Information Commissioner in respect to the sharing of personal data.

  • Ceding Commission shall have the meaning specified in Section 5.2.

  • quota means the number calculated in accordance with rule STV46,

  • Insurance Contracts means the insurance or annuity policies and contracts, together with all binders, slips, certificates, endorsements and riders thereto, issued or entered into by any Insurance Company prior to the Closing.

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

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

  • Charter Agreement means an agreement made in accordance with Section 53G-5-303 that authorizes the operation of a charter school.

  • Insurance transaction means any transaction involving insurance primarily for personal, family, or household needs rather than business or professional needs that entails:

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

  • Insurance Assignment means the valid and effective first legal assignment of the Insurances (together with the notice thereof), to be executed by the Borrower in respect of the Vessel in favour of the Trustee and the Commercial Loan Trustee, such assignment and notice to be in the form and on the terms and conditions required by the Agent, the Hermes Agent and the Commercial Loan Agent and agreed on the signing of the Original Loan Agreement and as specified in paragraph 47 of Schedule 4;

  • Tax Indemnity Agreement means the Tax Indemnity Agreement, dated as of even date with the Participation Agreement, between Lessee and Owner Participant.

  • Sharing Agreement means a local marketing, joint sales, shared services or similar Contract.

  • Reinsurance intermediary means a reinsurance intermediary-broker or a reinsurance intermediary-manager.

  • 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.

  • Severance Agreement means the Key Executive Severance Agreement, dated as of the date hereof, between the parties, as it may be amended from time to time, that provides for certain benefits related to termination of the Executive’s employment that are unrelated to a Change of Control.

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

  • Insurance Schedule means Schedule 3 attached hereto.

  • PJM Reliability Assurance Agreement means that certain Reliability Assurance Agreement Among Load Serving Entities in the PJM Region, on file with FERC as PJM Interconnection L.L.C. Rate Schedule FERC No. 44, and as amended from time to time thereafter. Schedule of Work:

  • Existing Management Agreement means that certain management agreement between the Seller and the Existing Manager for the operation and management of the Hotel.