Ceding Company has the meaning set forth in the preamble.
Ceding Company shall have the meaning specified in the Preamble hereto.
Ceding Company shall have the meaning set forth in Section 2.01. [REDACTED]
Examples of Ceding Company in a sentence
Upon the terms and subject to the conditions and other provisions of this Agreement (including the exception process set forth in Section 2.7 hereof), as of the applicable Effective Times for the Novations, the Ceding Company shall cede, assign, transfer and sell to the Assuming Company, by way of assumption reinsurance, all rights and benefits under the Novated Contracts, and the Assuming Company shall accept thereunder and assume, by way of assumption reinsurance, all such rights and benefits.
The Ceding Company will manage and respond to all inquiries and comments from state insurance departments with respect thereto.
The Ceding Company shall, at its own cost and expense, mail the Policyholder Notice to each relevant Policyholder and establish and maintain a toll-free telephone number to respond to inquiries from Policyholders and Producers related to the Novation.
The Ceding Company shall cause the Investment Agreements to cease to apply to any Separate Account Assets transferred to the Assuming Company as of the applicable Effective Time.
Prior to any such filing or response, the Ceding Company shall afford the Assuming Company the opportunity to review such filing or response, as applicable, and shall incorporate any reasonable input received from the Assuming Company.
More Definitions of Ceding Company
Ceding Company s share and REINSURER's share of Specified Amount after an increase will be the same as their respective shares before the increase, except CEDING COMPANY will not retain an amount more than the per policy Retention Limit shown in Schedule A. If an increase in Specified Amount occurs on a date other than the policy anniversary, a pro-rata reinsurance premium will be paid to REINSURER. The reinsurance premium rates will be based on the original issue age, duration since issuance of the original policy and the most recent underwriting classification.
Ceding Company. The Guardian Insurance and Annuity Company, Inc. Reinsurer: The Guardian Life Insurance Company of America Policy Exhibit for ____________, 19__ ---------------------------------Current Period--------------------------------- Number Amount of Policies of Reinsurance ----------- -------------- In-force Beg. of Period Paid For Revivals Other Increases Total Increases Deaths Recaptures Expiries Lapses Other Decreases Total Decreases In-Force End of Period ----------------------------------Year-to-Date---------------------------------- Number Amount of Policies of Reinsurance ----------- -------------- In-force Beg. of Year Paid For Revivals Other Increases Total Increases Deaths Recaptures Expiries Lapses Other Decreases Total Decreases In-Force End of Year EXHIBIT E - 4
Ceding Company shall have the meaning set forth in the preamble.
Ceding Company. Xxxx Xxxxxxx Life Insurance Company (U.S.A.) 000 Xxxxxxxx Xxxxxx Xxxxxx, XX 00000 Attention: Corporate Secretary
Ceding Company. The Guardian Insurance and Annuity Company, Inc. Reinsurer: The Guardian Life Insurance Company of America Summary Monthly Report For ________________, 19__ First Year Life Premiums _________________ Scheduled ____________ Unscheduled ____________ General Account ____________ First Year Disability Premiums +________________ Renewal Life Premiums +________________ Scheduled ____________ Unscheduled ____________ General Account ____________ Renewal Disability Premiums +________________ First Year Allowances -________________ Renewal Allowances -________________ Cash Value Payments -________________ Death Claims Payments -________________ Interest on Death Claims -________________ Claim Expense Reimbursements -________________ Disability Claim Payments -________________ Mean Reserve Adjustment ________________ Reserve interest +____________ Reserve increase -____________ Total Amount due The Guardian or (ceding company) ________________ EXHIBIT F - 3
Ceding Company. A ceding insurer is an insurer that underwrites and issues an original, principal policy to an insured and contractually transfers (cedes) a portion of the risk to the Reinsurer. A ceding Reinsurer is a Reinsurer which transfers (cedes) a portion of the underlying reinsurance to a retrocessionaire. CONDITIONAL RECEIPT - A provision included in some life insurance policies providing coverage from the date of the application to the date at which the policy is either issued or declined. EXCESS REINSURANCE - A form of reinsurance under which recoveries are available when a given loss exceeds the Ceding Company's retention (excess of loss reinsurance) defined in this Agreement. EXPERIENCE REFUND OR PROFIT COMMISSION - A provision found in some reinsurance agreements which provides for profit sharing. Parties agree to a formula for calculating profit, an allowance for the Reinsurer's expenses, and the Ceding Company's share of such profit after expenses. EXTRA CONTRACTUAL OBLIGATIONS (ECO) - A generic term that, when used in a reinsurance agreement, refers to damages awarded by a court against an insurer which are outside the provisions of the insurance policy, due to the insurer's bad faith, fraud or gross negligence in the handling of a claim. FACULTATIVE - Reinsurance under which the Ceding Company has the option (faculty) of submitting and the Reinsurer has the option of accepting or declining individual risks. This Agreement merely reflects how individual facultative reinsurance will be handled. FLAT EXTRA PREMIUM - A method for rating substandard risks used when the extra risk is considered to be constant. The underwriter assesses a specific extra premium for each [REDACTED] of insurance. Flat extra ratings usually apply to applicants in hazardous occupations or avocations, aviation, or with certain physical impairments of a temporary nature. INDEXING - The adjustment of the Ceding Company's retention and the reinsurance limit by a measure of inflation such as the consumer price index. JUMBO LIMIT - The limit placed on an amount of coverage that may be inforce, or applied for in all companies, on an individual life for automatic reinsurance purposes. If such insurance exceeds the limit, the Ceding Company must submit the risk to the Reinsurer for facultative review. MINIMUM REINSURANCE AMOUNT - The smallest cession that the Reinsurer will accept automatically. The minimum size is set to avoid the expenses associated with small cessions. ORIGINAL POLICY(S) ...