Ceding Company definition
Examples of Ceding Company in a sentence
Upon the occurrence of a Reinsurer Termination Event, the Reinsurer shall have the right (but not the obligation) to terminate this Agreement by providing written notice of its intent to terminate to the Ceding Company.
The Ceding Company is a corporation duly organized and validly existing under the Laws of the State of Michigan and it has the requisite corporate power and authority to enter into and perform its obligations under this Agreement.
Neither the Ceding Company nor the Reinsurer shall be required to take any action under this Agreement that would result in it being in violation of any OFAC Laws, including making any payments in violation of OFAC Laws.
The balance only, if any, shall be payable by the Ceding Company to the Reinsurer at the expiry of all liability under this Agreement.
The Ceding Company shall be responsible for the maintenance of the Hedging Program, including all Hedge Administration.