Assumed Reinsurance Contracts definition

Assumed Reinsurance Contracts means those contracts of assumed reinsurance of Personal Insurance Products listed on Schedule 1.01(b) hereto.
Assumed Reinsurance Contracts means the contacts of assumed reinsurance set forth on Schedule I pursuant to which the Ceding Company has assumed workers compensation risks.
Assumed Reinsurance Contracts shall have the meaning given in Section 3.16(a).

Examples of Assumed Reinsurance Contracts in a sentence

  • Accordingly, underwriting gain or loss with respect to the Assumed Reinsurance Contracts for the period from January 1, 2002 through such date will be retained by St. Paul.

  • A limited number of the Assumed Reinsurance Contracts do not contain loss cap ratios, which means that there is no contractual limit to the losses that we may be required to pay pursuant to such Assumed Reinsurance Contracts.

  • It will also provide for St. Xxxx to make the Cash Contribution and for St. Xxxx and us to enter into various agreements, including the Quota Share Retrocession Agreements by which we will reinsure the Assumed Reinsurance Contracts.

  • A limited number of the Assumed Reinsurance Contracts do not contain these limits, which means that there is no contractual limit to the losses that we may be required to pay pursuant to such Assumed Reinsurance Contracts.

  • Except as noted above, the pro forma combined underwriting results assume that all other retrocessional reinsurance with respect to the Assumed Reinsurance Contracts entered into in 2002 and prior years will remain available to Platinum.

  • COMPETITIVE STRENGTHS We believe that we will have the benefits of being both an established business and a new market entrant because of our management's reputation and St. Xxxx Re's experience and contacts in the reinsurance market, our unencumbered capital base and our expectation that the Assumed Reinsurance Contracts and our right to seek to renew St. Xxxx Re's other contracts will be a long-term source of business to us.

  • In addition, certain of the Assumed Reinsurance Contracts afford the reinsured party a right to cancel coverage upon transfer of the Transferred Business to us.

  • Sellers have delivered to Purchaser true and complete copies of such Material Assumed Reinsurance Contracts and all amendments thereto.

  • Subject to the completion of the Public Offering, the ESU Offering and the St. Xxxx Investment, St. Xxxx and its subsidiaries will transfer the liabilities, related assets and rights and risks under the Assumed Reinsurance Contracts to our insurance company subsidiaries through several 100% Quota Share Retrocession Agreements.

  • The Assumed Reinsurance Contracts identified on Schedule 3.16(a) are referred to herein as the "Material Assumed Reinsurance Contracts." Sellers have made available to Purchaser true and complete copies of the Material Assumed Reinsurance Contracts and all amendments thereto.


More Definitions of Assumed Reinsurance Contracts

Assumed Reinsurance Contracts has the meaning set forth in the Master Transaction Agreement.
Assumed Reinsurance Contracts means those Inward Reinsurance Agreements listed on Final Schedule 5.12(a)(i) hereto which have been assumed by Employers Insurance.

Related to Assumed Reinsurance Contracts

  • 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.

  • 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.

  • 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.

  • 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.

  • 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;

  • 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.

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

  • Insured Contract means any written:

  • Service Contracts means contracts or agreements, such as maintenance, supply, service or utility contracts.

  • Assumed Contracts has the meaning set forth in Section 2.1(d).

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

  • Assumed Servicing Liability means any Liabilities with respect to any Serviced Appointments (or Serviced Corporate Trust Contracts) that arise out of or relate to facts, circumstances, actions, omissions and/or events occurring from and after the Closing and prior to the applicable Succession Time for such Serviced Appointment; provided that Assumed Servicing Liability shall not include any Liabilities that arise out of or relate to facts, circumstances, actions, omissions and/or events with respect to any Retained Duties or any matters for which Seller or any of its Affiliates is responsible pursuant to Section 3.9.

  • 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.

  • insurance business means one or more aspects of the business of selling, issuing or underwriting insurance or reinsurance.

  • Insurance Consultant or "consultant" means a person who:

  • Service Contract means, with respect to a Financed Vehicle, the agreement, if any, financed under the related Receivable that provides for the repair of such Financed Vehicle.

  • Insurance Costs means the sums described in paragraph 1.1 of Part 5 of the Schedule;

  • Insurance Schedule means Schedule 3 attached hereto.

  • Assigned Contracts has the meaning set forth in Section 2.01(c).

  • Assumed Agreements shall have the meaning as set forth in Section 2.2.

  • Assumed Deposits means Deposits.

  • Executory Contracts means executory contracts and unexpired leases as such terms are used in 11 U.S.C. § 365, including all operating leases, capital leases, and contracts to which the Debtor is a party or beneficiary on the Confirmation Date.

  • Insurance Companies means the companies with whom the Insurance Policies are held.

  • Business Contracts has the meaning ascribed to it in Section 1.01(a)(v).

  • Assumed Leases has the meaning set forth in Section 2.6(b).

  • Assumed Contract means any Executory Contract or Unexpired Lease assumed by the Reorganized Debtors in accordance with Article V of the Plan.