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.

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Cedant has the meaning set forth in the Preamble.

Cedant has the meaning set forth in the preamble of this Agreement.

Examples of Cedant in a sentence

• 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.

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

• It is further understood that the expense thus incurred by the Reinsurer shall be chargeable, subject to court approval, against the Cedant as part of the expenses of liquidation to the extent of a proportionate share of the benefit which may accrue to the Cedant solely as a result of the defense undertaken by the Reinsurer.

• The Cedant and the Reinsurer hereby agree to the following pursuant to Treasury Regulation Section 1.848-2(g)(8) of the Income Tax Regulations issued December, 1992, under Section 848 of the Code.

• The Cedant shall own and control all General Account Assets and Separate Accounts Assets in the Modco Accounts.

More Definitions of Cedant

Cedant means an insurance company whose policies are reinsured by Sentry, the Transferring Insurer, as a participant in the ECRA Pool.

Cedant means a ceding insurer under a Policy that is part of the Subject Business.

Cedant means an insurer that transfers risk to a reinsurer under a reinsurance contract or a reinsurer that transfers risk to another reinsurer under a retrocession contract;

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 means an Indian Insurer who underwrites direct insurance business and contractually transfers (cedes) a portion of the risk;

Cedant means the insurer indemnified under a reinsurance contract;