Ceding Company Domiciliary State definition

Ceding Company Domiciliary State means the State of New York, or, if the Ceding Company changes its state of domicile to another state within the United States, such other state.

Ceding Company Domiciliary State means the State of Maine, or, if the Ceding Company changes its state of domicile to another state within the United States, such other state; provided that, if the Ceding Company changes its state of domicile to the State of New York, the State of California or any foreign jurisdiction outside of the United States, the “Ceding Company Domiciliary State” shall continue to be the State of Maine for all purposes hereunder.

Ceding Company Domiciliary State means the State of Arizona, or, if the Ceding Company changes its state of domicile to another state, such other state if, in the reasonable judgment of the Reinsurer, such change of domicile does not adversely affect in any material respect any rights and obligations of the Reinsurer under this Agreement, the Administrative Services Agreement or the Trust Agreement. For the avoidance of doubt, any requirement (i) on the part of the Reinsurer or the Ceding Company to increase reserves associated with the Covered Insurance Policies, (ii) on the part of the Reinsurer to obtain any additional license, authorization or approval from a Governmental Authority to reinsure the Reinsured Liabilities or provide administrative services with respect to the Covered Insurance Policies or (iii) on the part of the Reinsurer to provide additional security in order to provide the Ceding Company with Reserve Credit, in each case as a result of such change of domicile would adversely affect in a material respect the rights and obligations of the Reinsurer under this Agreement, the Administrative Services Agreement and the Trust Agreement.

Examples of Ceding Company Domiciliary State in a sentence

• From and after the Closing Date, the Ceding Company shall retain and own all assets contained in the Separate Accounts and shall hold the Separate Account Reserves with respect to the Reinsured Contracts that are funded, in whole or in part, by one or more of the Separate Accounts and such Separate Account Reserves shall be reported by the Ceding Company on its Separate Account balance sheets, consistent with the Ceding Company Domiciliary State SAP.

• The Reinsurer shall promptly notify the Ceding Company in writing of any event with respect to the Reinsurer that, if continuing as of the end of any financial statement period, would be reasonably likely to result in the Ceding Company being unable to take full statutory financial statement credit in the Ceding Company Domiciliary State for the reinsurance provided by this Agreement.

• The Ceding Company shall promptly notify the Reinsurer in writing of the occurrence of any other event or circumstance that has caused or will cause the Ceding Company to no longer receive such credit for reinsurance in the Ceding Company Domiciliary State, which notice shall describe in reasonable detail the event or development requiring such notice.

• The parties intend that the Ceding Company be able to obtain full statutory financial statement credit for the reinsurance provided by this Agreement in the Ceding Company Domiciliary State throughout the entire term of this Agreement.

• The Reinsurer shall promptly notify the Ceding Company of any event or change in its licensing status in the Ceding Company Domiciliary State or other conditions that would be reasonably likely to result or have resulted in any loss of, or impairment to, Reserve Credit.

More Definitions of Ceding Company Domiciliary State

Ceding Company Domiciliary State means the State of Tennessee, or, if the Ceding Company changes its state of domicile to another state within the United States, such other state; provided that, if the Ceding Company changes its state of domicile to the State of New York, the State of California or any foreign jurisdiction outside of the United States, the “Ceding Company Domiciliary State” shall continue to be the State of Tennessee for all purposes hereunder.

Ceding Company Domiciliary State means the State of New Jersey, or, if the Ceding Company changes its state of domicile to another state within the United States, such other state; provided that if the Ceding Company changes its state of domicile to the State of New York or the State of California, the Ceding Company Domiciliary State shall be deemed the State of New Jersey or any other jurisdiction (other than the State of New York or the State of California) in 46445052.5 1007063901v8 which the Ceding Company was last domiciled prior to such redomestication to the State of New York or the State of California, as applicable.

Ceding Company Domiciliary State means the State of New Hampshire, or, if the Ceding Company changes its state of domicile to Indiana, the State of Indiana, or, if the Ceding Company changes its state of domicile to another state in the United States other than New Hampshire or Indiana, such other state if, in the reasonable judgment of the Reinsurer, such change of domicile does not adversely affect in any material respect any rights or obligations of the Reinsurer under this Agreement, the Administrative Services Agreement or the Trust Agreement.

Ceding Company Domiciliary State means the State of Michigan or, if the Ceding Company changes its state of domicile to another state in the United States, such other state; provided if the Ceding Company changes its state of domicile to the state of New York, the “Ceding Company Domiciliary State” shall continue to be the State of Michigan for all purposes under this Agreement.

Ceding Company Domiciliary State means the State of Colorado, or, if the Ceding Company changes its state of domicile state within the United States, such other state; provided that if the Ceding Company changes its state of domicile to the State of New York, the State of California or any other state with credit for reinsurance laws and/or investment laws that are materially more burdensome than the credit for reinsurance laws and/or investment laws of the State of Colorado, the Ceding Company Domiciliary State shall be deemed the State of Colorado or any other jurisdiction (other than the State of New York, State of California, or such other state) in which the Ceding Company was last domiciled prior to such redomestication.

Ceding Company Domiciliary State means the State of Illinois, or, if the Ceding Company changes its state of domicile to another state within the United States, such other state.

Ceding Company Domiciliary State means the State of Delaware, or, if the Ceding Company changes its state of domicile to another state within the United States, such other state, provided, that if the Ceding Company changes its state of domicile to the State of California or the State of New York, the Ceding Company Domiciliary State shall be deemed the State of Delaware.