Reinsurance Structure Sample Clauses
The Reinsurance Structure clause defines how risk is shared between the primary insurer and one or more reinsurers. It outlines the specific arrangements, such as quota share, excess of loss, or facultative reinsurance, and details the proportions or layers of coverage that each party is responsible for. By clearly specifying the structure, this clause ensures that all parties understand their respective obligations and exposures, thereby facilitating effective risk management and reducing the potential for disputes.
Reinsurance Structure. Coinsurance
Reinsurance Structure. Please provide existing reinsurance pool structures (for the Company’s share of the business):
Reinsurance Structure. Munich Re, U.S. (Life)’s share will be 35% of the excess over the Ceding Company’s Treaty Retention specified in Exhibit B. This amount will not exceed Munich Re, U.S. (Life)’s share of the maximum Automatic Binding Limits specified in Exhibit B.1. The Ceding Company will obtain Munich Re, U.S. (Life)’s prior written consent in the event that Munich Re, U.S. (Life)’s share, as stated above, is altered for any reason including but not limited to the Ceding Company’s reallocation of the amount ceded among its reinsurance pool members. Treaty #4345 Munich American Reassurance Company P a g e | 1
A. Retention