Ceded definition

Ceded means reinsurance ceded on business so reported as direct or assumed.
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Ceded. The transfer of an insurance policy risk from a reinsurance/insurance company to a reinsurance company. The company transferring the risk is referred to as the “cedent” or the “reinsured.” The company accepting the transferred risk is referred to as the “assuming company”, “reinsurer”, or “retrocessionaire.”
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Ceded means the making available of a Timeshare Week to the Manager and "Ceded" shall be construed accordingly;
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Examples of Ceded in a sentence

  • Waiver Ceded Amount This field contains the policy waiver amount ceded.

  • This summary provides the Cession Count, Ceded Amount and Net Amount at Risk at the beginning of the reporting period, a summary of the transactions occurring during the report period as well as what is in force as of the ending of the report period.

  • Base Ceded Amount This field contains the policy base amount ceded.

  • Ceded Amount This field contains the policy amount ceded to a specific reinsurer.

  • An Extra Contractual Obligation will be deemed to have occurred on the same date as the occurrence or claim covered under the Ceded Contract and will constitute part of the original loss.

  • The Retrocessionaire shall in every case to which this Agreement applies and to the extent of the Ceded Percentage absolutely and unconditionally follow the underwriting fortunes of the Company in respect of the Ceded Contracts, and the Retrocessionaire shall be bound, without limitation, by all payments and settlements entered into by the Company in good faith, subject always to the terms, conditions and limitations of this Agreement.

  • The Retrocessionaire shall also be liable for the Ceded Percentage of Extra Contractual Obligations as set forth in Article 14.

  • For the avoidance of doubt, premiums retained by the cedents on the Ceded Contracts as funds withheld shall not be payable by the Company to the Retrocessionaire until actually received by the Company.

  • In consideration of the acceptance by the Retrocessionaire of the applicable Ceded Percentage of the Company’s liability for the Ceded Contracts, the Retrocessionaire shall be ceded the applicable Ceded Percentage of Earned Gross Premiums by the Company.

  • The Retrocessionaire shall indemnify the Company for the Ceded Percentage of any Extra Contractual Obligations.


More Definitions of Ceded

Ceded net written premium" for the month;
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Related to Ceded

  • 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, certificate or other arrangement whereby any Regulated Insurance Company agrees to transfer, cede or retrocede to another insurer or reinsurer all or part of the liability assumed or assets held by such Regulated Insurance Company under a policy or policies of insurance issued by such Regulated Insurance Company or under a reinsurance agreement assumed by such Regulated Insurance Company.

  • 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.

  • Reinsured Policies has the meaning assigned to it in the Reinsurance Agreement.

  • Coinsurance means that you pay a percent of the total cost of the drug each time you fill a prescription.