Ceded Reinsurance Recoveries definition

Ceded Reinsurance Recoveries means all amounts received by or on behalf of the Ceding Company on or after the Effective Time under the Ceded Reinsurance Contracts to the extent related to the Reinsured Contracts, including all recoveries, returns, amounts in respect of profit sharing, allowances and all other sums to which the Ceding Company is entitled under the Ceded Reinsurance Contracts.
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Ceded Reinsurance Recoveries means all amounts paid to the Ceding Company, or the as Administrator on behalf of the Ceding Company, under the Ceded Reinsurance Contracts to the extent related to amount paid or payable by the Reinsurer for Reinsured Risks.
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Ceded Reinsurance Recoveries means all amounts paid to the Ceding Company, or the Reinsurer, as Administrator, or to any Replacement Administrator, or any of their respective Affiliates, in each case under the Ceded Reinsurance Agreements to the extent related to amounts paid by the Reinsurer in respect of Reinsured Risks.
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Examples of Ceded Reinsurance Recoveries in a sentence

  • Following the consummation of the recapture, no additional Premiums or other amounts payable under such Reinsured Contracts shall be payable to the Reinsurer hereunder, nor, for the avoidance of doubt, shall the Reinsurer have any further right to receive any other Additional Reinsurance Consideration other than Ceded Reinsurance Recoveries paid or payable with respect to Reinsurer Extra-Contractual Obligations retained by the Reinsurer in accordance with Article VIII.

  • The parties agree and acknowledge that the collectability of reinsurance under the Ceded Reinsurance Contracts shall be at the risk and for the account of the Reinsurer, and that the Reinsurer shall pay all Reinsured Liabilities pursuant to the Administrative Services Agreement without regard to whether or not any Ceded Reinsurance Recoveries are actually collected.

  • Except as otherwise set forth herein or in the Administrative Services Agreement, settlement with respect to amounts owed hereunder by the Reinsurer to the Ceding Company and by the Ceding Company to the Reinsurer shall be performed through the direct payment by the Reinsurer (or its Affiliates) of Reinsured Liabilities and direct receipt by the Reinsurer (or its Affiliates) of Ceded Reinsurance Recoveries on an ongoing basis pursuant to the Administrative Services Agreement.

  • Gordon Gillespie, ‘Sunningdale and the 1974 Ulster Workers’ Council Strike’, History Ireland, Vol.15, No.3, (2007), pp.42-47; Hansard HC Deb Vol.352, 3 June 1974, pp.8-112.

  • PAYMENTS; CEDED REINSURANCE RECOVERIES; ADMINISTRATION 11 Section 3.1. Payments by the Parties 11 Section 3.2. Ceded Reinsurance Recoveries 11 Section 3.3. Delayed Payments 12 Section 3.4. Defenses 12 Section 3.5. Offset 13 Section 3.6. Policy Administration 13 Section 3.7. Bank Accounts 13 Section 3.8. Reports from the Reinsurer 14 Section 3.9. Termination of Administrative Services Agreement 15 Section 3.10.

  • Process for Conducting the Self-StudyThis program review closely follows the ongoing process of data collection and assessment for re-accreditation, occurring since the inception of both the MSW and BA programs in Tacoma.

  • The parties acknowledge and agree that the Reinsurer shall be responsible for and has hereby assumed the financial risk of any uncollected or uncollectible Additional Consideration, other than the First Unum Reinsurance Recoveries and the Specified Ceded Reinsurance Recoveries.

  • Ceded Reinsurance Recoveries shall be payable to the Reinsurer without regard to any amounts paid or payable by any reinsurer under the applicable Ceded Reinsurance Agreement arising out of or related to Extra- Contractual Obligations, it being understood that any payment for Extra-Contractual Obligations by a reinsurer under a Ceded Reinsurance Agreement shall not affect any benefit that would otherwise have been due to the Reinsurer in respect thereof.


More Definitions of Ceded Reinsurance Recoveries

Ceded Reinsurance Recoveries has the meaning set forth in the Reinsurance Agreement.
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Related to Ceded Reinsurance Recoveries

  • 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 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.

  • Reinsurance Agreement means any agreement, contract, treaty or other arrangement whereby one or more insurers, as reinsurers, assume liabilities under insurance policies or agreements issued by another insurance or reinsurance company or companies.

  • Health-care-insurance receivable means an interest in or claim under a policy of insurance which is a right to payment of a monetary obligation for health-care goods or services provided.

  • Insurance producer means a person required to be licensed under the laws of this state to sell, solicit or negotiate insurance, including annuities.

  • group insurance means insurance, other than creditor’s group insurance and family insurance, whereby the lives of a number of persons are insured severally under a single contract between an insurer and an employer or other person; (“assurance collective”)

  • Insurance Contracts means the insurance or annuity policies and contracts, together with all binders, slips, certificates, endorsements and riders thereto, issued or entered into by any Insurance Company prior to the Closing.

  • Group long-term care insurance means a long-term care insurance policy which is delivered or issued for delivery in this State and issued to:

  • Long-term care insurance means group insurance that is authorized by the retirement system for retirants, retirement allowance beneficiaries, and health insurance dependents, as that term is defined in section 91, to cover the costs of services provided to retirants, retirement allowance beneficiaries, and health insurance dependents, from nursing homes, assisted living facilities, home health care providers, adult day care providers, and other similar service providers.

  • Insurance Contract means a contract (other than an Annuity Contract) under which the issuer agrees to pay an amount upon the occurrence of a specified contingency involving mortality, morbidity, accident, liability, or property risk.

  • Hazard Insurance Policy means, with respect to each Contract, the policy of fire and extended coverage insurance (and federal flood insurance, if the Manufactured Home is secured by an FHA/VA Contract and such Manufactured Home is located in a federally designated special flood area) required to be maintained for the related Manufactured Home, as provided in Section 5.09, and which, as provided in said Section 5.09, may be a blanket mortgage impairment policy maintained by the Servicer in accordance with the terms and conditions of said Section 5.09.

  • Loss Adjustment Expense means costs and expenses incurred by the Company in connection with the investigation, appraisal, adjustment, settlement, litigation, defense or appeal of a specific claim or loss, or alleged loss, including but not limited to:

  • Insurance Costs means the sums described in paragraph 1.1 of Part 5 of the Schedule;

  • Insurance adjuster means a person who directs or conducts the investigation, negotiation, or settlement of a claim under an insurance policy other than life insurance or an annuity, on behalf of an insurer, policyholder, or a claimant under an insurance policy.

  • R&W Insurance Policy means the representations and warranties insurance policy issued to Buyer in connection with the transactions contemplated hereby.

  • Insurance Policies has the meaning set forth in Section 3.16.

  • Loss Adjustment Expenses means all costs and expenses incurred by the Company in the investigation, adjustment and settlement of claims. Loss adjustment expenses include third-party costs as well as the Company’s internal expenses, including salaries and expenses of loss management personnel and certain administrative costs.