Retrocession. The Reinsurer may reinsure or retrocede any risks or business assumed hereunder.
Retrocession. 0.05% per annum based on the average daily net assets of each Fund (as set forth in each Fund’s current Prospectus or SAI)
Retrocession. The Reinsurer may retrocede all or any portion of the risks ceded to it pursuant to this Agreement without the consent of the Ceding Company.
Retrocession. (a) At the direction of the Company, the Underwriting Manager shall arrange and purchase retrocessional cover for the benefit of the Company (“Ceded Retrocession Agreements”). Except as directed by the Company, the Underwriting Manager shall have no authority hereunder to purchase or otherwise bind retrocessional cover for the benefit of the Company or to terminate, waive or amend the terms of any Ceded Retrocession Agreements.
Retrocession. Except for reinsurance agreements under Collateral Facilities, the Reinsurer may not retrocede more than twenty five percent (25%) of the risks ceded pursuant to this Agreement without the prior written consent of the Ceding Company. For the avoidance of doubt, any such retrocession by the Reinsurer shall not modify or otherwise limit the Reinsurer’s obligations under this Agreement or the Trust Agreement.
Retrocession. A form of reinsurance agreement which enables the Reinsurer to cede all or part of the reinsurance it has assumed from another Reinsurer.
Retrocession. The Reinsurer retains the right to retrocede all or any portion of the risk on any Reinsured SPDA.
Retrocession. The Reinsurer may reinsure or retrocede any risks or business assumed hereunder. 196474US-08 ml 20070727 (ODB#I02020US-08) 25
Retrocession. Retrocession" means a transfer by a reinsurer to another reinsurer of those risks defined in subsection 2. [ 1991, c. 828, §20 (NEW) .]
Retrocession. Retrocede business on behalf of the reinsurer; except that, the reinsurance intermediary-manager may facultatively retrocede business pursuant to obligatory facultative agreements if the contract with the reinsurer contains reinsurance underwriting guidelines for any such retrocession. The guidelines must include a list of reinsurers with which automatic agreements are in effect, commission schedules and for each reinsurer, the coverages and amounts or percentages that may be reinsured; [ 1991, c. 828, §20 (NEW) .]
