Ceded Reinsurance Contracts definition

Ceded Reinsurance Contracts has the meaning given to such term in Section 3.16(a).

Ceded Reinsurance Contracts means all of the contracts, policies, certificates, binders, slips, riders, covers, treaties or other evidence of Ceded Reinsurance.

Ceded Reinsurance Contracts has the meaning set forth in the Reinsurance Agreement, provided, however, for purposes of this Agreement, Ceded Reinsurance Contracts shall also include any ceded reinsurance contracts to the extent covering the Net Retained Liabilities Policies or the Conversion Policies.

Examples of Ceded Reinsurance Contracts in a sentence

• For greater clarity, if this letter agreement is terminated with respect to only one pool, the references throughout this letter agreement to "Ceded Reinsurance Contracts" shall be deemed to refer only to the VUL 1997 Pool or the Dimension Series Pool, whichever continues to include one or more nonconsenting reinsurers.

• As of the date hereof, VFL has received the consent of some, but not all, of such third party reinsurers to the cession by VFL to PHL, under the Coinsurance Agreement, of VFL's 25% net retention of risk under the Ceded Reinsurance Contracts.

• VFL has previously ceded 75% of the life benefits risk under the variable life Policies to certain third party reinsurers, pursuant to the reinsurance contracts listed in Schedule 1 hereto and separately identified as the "VUL 1997 Pool" and the “Dimension Series Pool" (collectively, the "Ceded Reinsurance Contracts").

• Notwithstanding the foregoing, the Company shall reasonably cooperate with Administrator, at Administrator’s expense, in the administration of the Ceded Reinsurance Contracts to the extent that the Company’s participation is required thereunder or is reasonably requested by the counterparty to any Ceded Reinsurance Contract.

• In addition to the retention described in paragraph 2, VFL's 25% net retention of risk shall also include any portion of risks, expenses and other benefits (e.g. in the case of the Ceded Reinsurance Contract identified as "VUL-102" in Schedule 1, the first $200,000) that is not subject to reinsurance under the Ceded Reinsurance Contracts.

More Definitions of Ceded Reinsurance Contracts

Ceded Reinsurance Contracts means (a) all reinsurance or coinsurance treaties and agreements in force as of the date of this Agreement to which the Company is a ceding party and that relate to the LBL Contracts, (b) any such treaty or agreement that is terminated or expired but under which the Company may continue to receive benefits with respect to the LBL Contracts, and (c) any other new or replacement reinsurance or coinsurance treaties or agreements covering the LBL Contracts that are entered into by the Reinsurer on behalf of the Company as Administrator under the Administrative Services Agreement, including with respect to subclauses (a), (b) and (c) above, the Vermont Captive Reinsurance Agreement and those treaties and agreements set forth on Schedule A.

Ceded Reinsurance Contracts means all of the contracts, binders, certificates, treaties or other evidence of Ceded Reinsurance.

Ceded Reinsurance Contracts means (a) all reinsurance or coinsurance treaties and agreements in force as of the date of this Agreement to which the Company is a ceding party and that relate to the LBL Contracts, (b) any such treaty or

Ceded Reinsurance Contracts has the meaning set forth in the Reinsurance Agreement.

Ceded Reinsurance Contracts means each reinsurance agreement to which the Ceding Company is a party and under which the Ceding Company has ceded liabilities with respect to the Reinsured Contracts, as such reinsurance agreements may be in force and effect from time to time and at any time, in each case that are (i) in force or are being treated as being in force as of the date hereof or (ii) terminated but under which there remains any outstanding liability or obligation from the reinsurer. Any Ceded Reinsurance Contract that is novated to the Reinsurer shall cease to be a Ceded Reinsurance Contract upon the effectiveness of such novation.

Ceded Reinsurance Contracts has the meaning set forth in Section 4.21(a).

Ceded Reinsurance Contracts has the meaning given to such term in Section 3.16(a). “Ceding Commission” has the meaning given to such term in Section 2.07(a)(i). “Ceding Company” has the meaning given to such term in the Recitals. “Closing” has the meaning given to such term in Section 2.06. “Closing Date” has the meaning given to such term in Section 2.06. “Closing Required Asset Value” means the Adjusted Required Asset Value as of the Accounting Date calculated after taking into account all Capital Gain or Loss Adjustments and all Reallocated Asset Value Adjustments required pursuant to Section 5.11 or Section 3.19(b) from the Reference Date through the Closing.