Cedant Services definition

Cedant Services means (a) any actions Cedant is required by applicable Law to take without Reinsurer, Administrator, or a Subcontractor acting on its or their behalf, if any, but only to the extent such actions are related to the Reinsured Policies and would otherwise constitute an Administrative Service, (b) any actions that relate to Reinsured Policies but that do not exclusively relate to the Reinsured Policies and are performed on the entity level, such as certain accounting reports, Tax returns, guaranty fund reports, unclaimed property pre-filing search letters and filings, actuarial reports, and other reports and certifications, (c) the Designated Cedant Services, and (d) such other services as the parties may agree.
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Cedant Services has the meaning ascribed to such term in the Reinsurance Agreements and, for the avoidance of doubt, includes the Designated Cedant Services.
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Examples of Cedant Services in a sentence

  • For the avoidance of doubt, except as contemplated by the Expense Allowances payable under Section 4.01 with respect to the Designated Cedant Services, the performance of any administrative services by the Cedant relating to the Reinsured Policies shall be at the Cedant’s sole cost and expense.

  • From and after the effective time of the Novation, Reinsurer shall administer, or cause to be administered, the Reinsured Policies in accordance with the terms of the Administrative Services Agreement; provided, however, that Reinsurer shall not provide the Cedant Services or, subject to Section 7.03, administer the Third Party Reinsurance Contracts.

  • Subject to the consent of Reinsurer, such consent not to be unreasonably withheld, Cedant may subcontract or otherwise delegate to any Person for the performance of any of the Cedant Services; provided that no such subcontracting shall relieve Cedant from any of its obligations or liabilities hereunder, and Cedant shall remain responsible for all obligations or liabilities of such subcontractor with regards to the providing of such service or services as if provided by Cedant.

  • The intention of the parties hereto is that Administrator shall perform all Administrative Services in such a manner as to minimize the involvement of the Company and its Affiliates, in light of the intent of the parties and the stated purposes of the Somerset MTA, the Reinsurance Agreements, this Agreement, the Transition Services Agreement and the other Ancillary Agreements, subject to the Company’s obligation to provide the Cedant Services as set forth under the Reinsurance Agreements.

  • As an Administrative Service provided hereunder and in a manner consistent with the Servicing Standard, the Administrator shall keep the Company reasonably informed in writing (with email being acceptable) of probable or actual fraud incidents concerning the Administered Policies of which it becomes aware and cooperate with, and provide reasonable assistance to, the Company in connection with any investigation thereof and in connection with the Designated Cedant Services related thereto.