Cedant definition

Cedant means the Contract Holder who cedes its rights to the benefits of the Contract either as an Outright Cession or as a Security Cession.
Cedant has the meaning set forth in the preamble of this Agreement.
Cedant means an insurance company whose policies are reinsured by Sentry, the Transferring Insurer, as a participant in the ECRA Pool.

Examples of Cedant in a sentence

  • The balance only, if any, shall be payable by the Cedant to the Reinsurer at the expiry of all liability under this Agreement.

  • In the event of the insolvency of the Reinsurer, all amounts due but not paid to the Reinsurer by the Cedant on such date under this Agreement, regardless of the date on which they became due, and all amounts which become due to the Reinsurer by the Cedant after that date under this Agreement may be retained by the Cedant and set off against the amounts due by the Reinsurer under this Agreement, whether they were due before the insolvency or became due after.

  • From and after the Effective Time, the Reinsurer shall indemnify the Cedant, in accordance with the settlement procedures set forth in Article VI, for all Reinsured Liabilities actually paid by the Cedant.

  • This Agreement is an agreement for reinsurance solely between the Cedant and the Reinsurer and nothing in this Agreement is intended or shall be construed to give any Person, other than the parties, any legal or equitable right, remedy or claim under or in respect of this Agreement or any provision contained herein.

  • Violations (active) may also result from actions on the part of the Cedant.


More Definitions of Cedant

Cedant shall have the meaning ascribed to such term in the preamble hereof.
Cedant means Old Reliance Insurance Company, an Arizona stock life insurance corporation.
Cedant shall have the meaning set forth in the Preamble.
Cedant means a ceding insurer under a Policy that is part of the Subject Business.
Cedant means Xxxxxxx National Life Insurance Company, a Michigan life insurance company.
Cedant means an insurer that has ceded insurance risks to the Company under an Assumed Reinsurance Agreement. Choice of Law Ruling
Cedant means a ceding insurer under a Policy that is part of the Guaranteed Portfolio.