Scope of Reinsurance. MLLIC agrees to assume from and indemnify FLIC and FLIC agrees to cede to and reinsure with MLLIC, on an indemnity reinsurance basis, one hundred percent (100%) of FLIC's liability which remains under the Policies after reinsurance under the third Party Reinsurance Agreements, in accordance with the terms and conditions of this Agreement. If, and to the extent, MLLIC may be precluded by the law of any jurisdiction from indemnity reinsuring the Policies owned by residents of that jurisdiction, such Policies will be indemnity reinsured in accordance with the provisions of this Agreement as soon as practicable after the preclusion is removed as to such jurisdiction.
Scope of Reinsurance. This Reinsurance Agreement applies to all Reinsured Liabilities based upon, relating to or arising from the insurance contracts, plans and policies (including all related binders, slips, certificates, applications therefor, supplements, endorsements, riders and agreements) issued or assumed prior to the Effective Date in connection with the Ceding Company’s accident and health, specified disease and other health insurance coverages, but excluding the Excluded Health Business, and that were in effect at any time prior to, on or after the Effective Date including, but without limitation, the insurance contracts, plans and policies, and the related binders, slips, certificates, applications therefor, supplements, endorsements, riders and agreements, and other items set forth on Schedule 2.1 (such insurance contracts, whether or not set forth on Schedule 2.1, the “Insurance Policies”). The Parties intend that, taken together but excluding the Excluded Health Business, the Insurance Policies constitute all of the accident and health, specified disease and other health insurance coverages and risks, direct written or reinsured, that were issued or assumed prior to the Effective Date but were in effect at any time prior to, on or after the Effective Date and expressly agree that, as distinct from the Company’s life insurance, annuity and other business lines, this reinsurance will result in the transfer to Reinsurer of all risks and obligations associated with the Ceding Company’s entire portfolio of accident and health, specified disease and other health insurance coverages, except for the Excluded Health Business which shall remain a liability and obligation of Ceding Company, as of the Effective Date. The Parties agree to reasonably cooperate to make appropriate adjustments to the terms of this Agreement, including, without limitation, the balances settled hereunder, in the event that the scope of reinsurance set forth in this Section 2.1 is determined at any time to be inconsistent with the foregoing intentions and agreements of the Parties. Notwithstanding the foregoing and for the avoidance of doubt, the term “Insurance Policies” excludes insurance policies reinsured under the CLIC - WNIC Modified Coinsurance Agreement.
Scope of Reinsurance. This Agreement applies to all Reinsured Liabilities based upon, relating to or arising from the insurance contracts, plans and policies (including all related binders, slips, certificates, applications therefor, supplements, endorsements, riders and agreements) issued or assumed in connection with the Ceding Company’s specified disease, Medicare Supplement and other health insurance coverages of any kind that were in effect at any time prior to, on or after the Effective Date and transferred to and assumed by Ceding Company under the SHIP Assignment Agreement, including, but without limitation, the insurance contracts, plans and policies, and the related binders, slips, certificates, applications therefor, supplements, endorsements, riders and agreements, and other items set forth on Schedule 2.1 (such insurance contracts, whether or not set forth on Schedule 2.1, the “SHIP Health Insurance Policies”). The Parties agree to reasonably cooperate to make appropriate adjustments to the terms of this Agreement, including, without limitation, the balances settled hereunder, in the event that the scope of reinsurance set forth in this Section 2.1 is determined at any time to be inconsistent with the foregoing intentions and agreements of the Parties.
Scope of Reinsurance. 2 A. Coinsurance of General Account Statutory Reserve Liabilities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2 1. Coinsurance . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2 2.
Scope of Reinsurance. This Reinsurance Agreement applies to all of the insurance contracts, plans and policies, including assumed reinsurance, that constitute Ceding Company’s closed block of long-term care business that were in effect as of or prior to the Effective Time and set forth on Schedule 2.1 (the “Insurance Policies”).
Scope of Reinsurance. As of the effective date of this Agreement, one hundred percent of the Business issued by AHL and as defined in Exhibit A shall be exclusively and automatically reinsured with CUL, including waiver of premium benefits and benefits arising from any conditional receipt issued by AHI. hereunder. All reinsurance ceded shall automatically be subject to the terms and conditions set forth herein.
Scope of Reinsurance. This New York Reinsurance Agreement applies to all of the insurance contracts, plans and policies that constitute New York Ceding Company’s closed block of long-term care business that were in effect as of or prior to the Effective Time and set forth on Schedule 2.1 (the “New York Insurance Policies”).
Scope of Reinsurance. Indemnity By this Treaty, the Reinsured agrees to cede and the Reinsurer agrees to assume by way of quota share reinsurance on the terms and conditions set out below 85% (or such reduced percentage as may apply pursuant to the operation of paragraph(s) (2)(ii) and/or (as the case may be) (3)(ii) of Article 11 (Additional Funds at Lloyd’s) below) (the “Relevant Percentage”) of all rights and obligations of the Reinsured in respect of its participation as a member of the Syndicate for the 2010 underwriting year of account including (i) all business allocated by the Managing Agent to the pure 2010 underwriting year of account (ii) all business signed by the Managing Agent into the 2010 underwriting year of account and (iii) all business accepted by the Managing Agent for the 2010 underwriting year of account of the Syndicate by way of reinsurance to close (or if an account is closed into the 2010 underwriting year of account other than by reinsurance, all business accepted on such closure) in respect of any earlier year of account of the Syndicate and/or of any year of account of any other syndicate at Lloyd’s (the “Business”). Accordingly the Reinsurer shall, subject to the Limits of Indemnity referred to in Article 10, indemnify the Reinsured for the Reinsurer’s Relevant Percentage share of all liabilities, obligations and outgoings of the Reinsured as a member of the Syndicate for the 2010 year of account (other than amounts taken into account in the reduction of premium under Article 6) including any amounts payable for reinsurance to close an underwriting year of account or, if the account is closed other than by reinsurance, all provisions made on closure in the Syndicate accounts for all liabilities attributable to that and prior closed underwriting years of account.
Scope of Reinsurance. 4 ARTICLE
Scope of Reinsurance. The Ceding Company and the Reinsurer mutually agree to reinsure on the terms and conditions stated herein. This Agreement is an indemnity reinsurance agreement solely between the Ceding Company and the Reinsurer, and performance of the obligations of each party under this Agreement will be rendered solely to the other party. In no instance will anyone other than the Ceding Company or the Reinsurer have any rights under this Agreement, and the Ceding Company will be and remain the only party hereunder that is liable to any insured, policyowner or beneficiary under any policy reinsured hereunder. For purposes of this Agreement, the following definitions shall apply:
