{"component": "definition", "props": {"groups": [{"snippet_links": [{"key": "with-respect-to", "type": "clause", "offset": [7, 22]}, {"key": "ceded-reinsurance", "type": "clause", "offset": [42, 59]}, {"key": "similar-transaction", "type": "definition", "offset": [84, 103]}, {"key": "termination-of", "type": "definition", "offset": [124, 138]}, {"key": "reinsured-contracts", "type": "clause", "offset": [182, 201]}], "samples": [{"hash": "ddrJXFkucHR", "uri": "/contracts/ddrJXFkucHR#commutation", "label": "Coinsurance Agreement (Genworth Financial Inc)", "score": 21.0, "published": true}, {"hash": "bP8WoNCdH6w", "uri": "/contracts/bP8WoNCdH6w#commutation", "label": "Reinsurance Agreement (Genworth Financial Inc)", "score": 21.0, "published": true}, {"hash": "61Tdw56J57K", "uri": "/contracts/61Tdw56J57K#commutation", "label": "Reinsurance Agreement (Genworth Financial Inc)", "score": 21.0, "published": true}], "size": 15, "snippet": "means, with respect to any portion of the Ceded Reinsurance, a commutation or other similar transaction that results in the termination of such Ceded Reinsurance with respect to the Reinsured Contracts.", "hash": "739abacd8c918273eb64849898163093", "id": 1}, {"snippet_links": [{"key": "change-of", "type": "definition", "offset": [10, 19]}, {"key": "a-person", "type": "clause", "offset": [44, 52]}], "samples": [{"hash": "eTXUg90OAFA", "uri": "https://ndlegis.gov/prod/assembly/55-1997/archive/bill-text/hajn0201.pdf", "label": "ndlegis.gov", "score": 20.0124946762, "published": false}, {"hash": "a7b0lPo5fK3", "uri": "https://www.docr.nd.gov/sites/www/files/documents/parole_pardon/Pardon/Applications/North%20Dakota%20Pardon%20Advisory%20Board%20Application.pdf", "label": "www.docr.nd.gov", "score": 15.8263205811, "published": false}, {"hash": "eKNQ8DLlzo9", "uri": "https://ndlegis.gov/cencode/t12c55-1.pdf", "label": "ndlegis.gov", "score": 15.3480379844, "published": false}], "size": 7, "snippet": "means the change of the punishment to which a person is sentenced to a less severe punishment.", "hash": "e864ade4a27dab17e08884b84065ebf4", "id": 2}, {"snippet_links": [], "samples": [{"hash": "akJ0jbGL4sE", "uri": "https://danielhorwitz.com/wp-content/uploads/2022/02/Petition-for-Writ-of-Certiorari.pdf", "label": "danielhorwitz.com", "score": 14.3190455219, "published": false}, {"hash": "81gIPyi05cj", "uri": "https://publications.tnsosfiles.com/rules/1100/1100-01-01.20221019.pdf", "label": "publications.tnsosfiles.com", "score": 9.3983572895, "published": false}, {"hash": "lGs9e6pclTN", "uri": "https://horwitz.law/wp-content/uploads/J.-Hughes-Complaint-and-Exhibits.pdf", "label": "horwitz.law", "score": 8.7385352498, "published": false}], "size": 7, "snippet": "means a discretionary act of the Governor, which reduces a prisoner\u2019s sentence from a greater to a lesser degree with the extent of such reduction being totally within the discretion of the Governor.", "hash": "cde1790523b06ebaa2a58faaf1cb42dd", "id": 3}, {"snippet_links": [{"key": "stated-prison-term", "type": "definition", "offset": [108, 126]}, {"key": "consent-of-the", "type": "clause", "offset": [155, 169]}, {"key": "performance-by", "type": "definition", "offset": [223, 237]}, {"key": "conditions-precedent", "type": "definition", "offset": [253, 273]}, {"key": "in-existence", "type": "definition", "offset": [341, 353]}, {"key": "terms-of", "type": "clause", "offset": [388, 396]}, {"key": "included-offense", "type": "definition", "offset": [440, 456]}], "samples": [{"hash": "99Sc66kh9Hl", "uri": "http://archives.legislature.state.oh.us/BillText123/123_HB_349_ENR.pdf", "label": "archives.legislature.state.oh.us", "score": 10.871321013, "published": false}, {"hash": "j0lp5VA9goC", "uri": "http://archives.legislature.state.oh.us/BillText122/122_SB_111_ENR.pdf", "label": "archives.legislature.state.oh.us", "score": 10.3552361396, "published": false}, {"hash": "bmgBBXH5DGu", "uri": "http://codes.ohio.gov/orc/2967.01", "label": "codes.ohio.gov", "score": 8.1704312115, "published": false}], "size": 4, "snippet": "or \"commutation of sentence\" means the substitution by the governor of a lesser for a greater punishment. A stated prison term may be commuted without the consent of the convict, except when granted upon the acceptance and performance by the convict of conditions precedent. After commutation, the commuted prison term shall be the only one in existence. The commutation may be stated in terms of commuting from a named offense to a lesser included offense with a shorter prison term, in terms of commuting from a stated prison term in months and years to a shorter prison term in months and years, or in terms of commuting from any other stated prison term to a shorter prison term.", "hash": "8fabe62177c679c9b69646f1c4fa93e1", "id": 4}, {"snippet_links": [{"key": "the-insured-person", "type": "definition", "offset": [21, 39]}, {"key": "regular-place-of-employment", "type": "clause", "offset": [56, 83]}], "samples": [{"hash": "3J03Y6ENCjW", "uri": "https://business.americanexpress.com/us/~/media/Files/GCP/us2/CM-BX-Card/Amex_20150820_BTAI_Business_Extra_Corporate_Card_FDR_1053230.pdf?la=en", "label": "business.americanexpress.com", "score": 7.8076659822, "published": false}, {"hash": "1dHhQwAsey1", "uri": "https://business.americanexpress.com/~/media/Files/GCP/us2/CM-CDEP/CDEP_BTAI_BIP_DOC_997084_FINAL.pdf", "label": "business.americanexpress.com", "score": 7.5817932923, "published": false}, {"hash": "OsrJXyjlGZ", "uri": "https://business.americanexpress.com/~/media/Files/GCP/us2/amex_20150226_Final_BTAI_Gold_BIP_Corporate_Card_FDR_1053181_90000320_update.pdf", "label": "business.americanexpress.com", "score": 7.5503080082, "published": false}], "size": 4, "snippet": "means travel between the Insured Person\u2019s residence and regular place of employment.", "hash": "3a296d5be8014b88b2591f78fa83aa9d", "id": 5}, {"snippet_links": [{"key": "optional-form-of-benefit", "type": "definition", "offset": [10, 34]}, {"key": "a-participant", "type": "clause", "offset": [43, 56]}, {"key": "to-receive", "type": "definition", "offset": [64, 74]}, {"key": "upon-retirement", "type": "clause", "offset": [75, 90]}, {"key": "in-lieu-of", "type": "clause", "offset": [92, 102]}, {"key": "full-pension", "type": "definition", "offset": [107, 119]}, {"key": "this-law", "type": "definition", "offset": [126, 134]}, {"key": "payment-of", "type": "clause", "offset": [158, 168]}, {"key": "a-portion", "type": "definition", "offset": [169, 178]}, {"key": "present-value", "type": "clause", "offset": [186, 199]}, {"key": "accrued-benefit", "type": "definition", "offset": [207, 222]}], "samples": [{"hash": "a24ZhKaFDmY", "uri": "http://gazettes.gov.ky/portal/pls/portal/docs/1/12420387.PDF", "label": "gazettes.gov.ky", "score": 6.704312115, "published": false}, {"hash": "jOFLkj5JCkD", "uri": "http://gazettes.gov.ky/portal/pls/portal/docs/1/11525787.PDF", "label": "gazettes.gov.ky", "score": 4.8877481177, "published": false}, {"hash": "7d9tCckIhAX", "uri": "https://cnslibrary.com/wp-content/uploads/2013/10/Public-Service-Pensions-Law-2011-Revision.pdf", "label": "cnslibrary.com", "score": 3.9295003422, "published": false}], "size": 4, "snippet": "means the optional form of benefit whereby a participant elects to receive upon retirement, in lieu of his full pension under this Law, an immediate lump sum payment of a portion of the present value of his accrued benefit and a reduced pension equal in value to the remainder of his accrued benefit after", "hash": "9f469d50f7f75578d9ff40115c1b080f", "id": 6}, {"snippet_links": [{"key": "optional-form-of-benefit", "type": "definition", "offset": [10, 34]}, {"key": "plan-member", "type": "definition", "offset": [45, 56]}, {"key": "to-receive", "type": "definition", "offset": [64, 74]}, {"key": "upon-retirement", "type": "clause", "offset": [75, 90]}, {"key": "in-lieu-of", "type": "clause", "offset": [92, 102]}, {"key": "full-pension", "type": "definition", "offset": [117, 129]}, {"key": "this-act", "type": "definition", "offset": [136, 144]}, {"key": "payment-of", "type": "clause", "offset": [168, 178]}, {"key": "a-portion", "type": "definition", "offset": [179, 188]}, {"key": "present-value", "type": "clause", "offset": [196, 209]}, {"key": "accrued-benefit", "type": "definition", "offset": [227, 242]}, {"key": "the-lump", "type": "clause", "offset": [346, 354]}, {"key": "in-accordance-with", "type": "definition", "offset": [379, 397]}], "samples": [{"hash": "cS6L1kvEFkA", "uri": "http://gazettes.gov.ky/portal/pls/portal/docs/1/13248570.PDF", "label": "gazettes.gov.ky", "score": 11.553045859, "published": false}, {"hash": "jVkh63bMQ7a", "uri": "https://www.pspb.ky/upimages/pensionslaws/PublicServicePensi_1617920476.pdf", "label": "www.pspb.ky", "score": 8.5674195756, "published": false}, {"hash": "f8q9vXdyeMW", "uri": "http://gazettes.gov.ky/portal/pls/portal/docs/1/13052503.PDF", "label": "gazettes.gov.ky", "score": 8.5674195756, "published": false}], "size": 4, "snippet": "means the optional form of benefit whereby a plan member elects to receive upon retirement, in lieu of that person\u2019s full pension under this Act, an immediate lump sum payment of a portion of the present value of that person\u2019s accrued benefit and a reduced pension equal in value to the remainder of that person\u2019s accrued benefit after deducting the lump sum payment, determined in accordance with rules prescribed by regulations;", "hash": "ea3f068c23199f3b76fcec81c6659288", "id": 7}, {"snippet_links": [{"key": "payment-to", "type": "clause", "offset": [31, 41]}, {"key": "for-the-benefit-of", "type": "definition", "offset": [46, 64]}, {"key": "local-authority", "type": "clause", "offset": [68, 83]}, {"key": "the-financial-year", "type": "definition", "offset": [87, 105]}, {"key": "beginning-on", "type": "clause", "offset": [106, 118]}, {"key": "april-1992", "type": "clause", "offset": [123, 133]}], "samples": [{"hash": "567Ki9WqJG", "uri": "https://democracy.eastherts.gov.uk/documents/s47562/Treasury%20Management%20and%20Annual%20Investment%20Strategy%20ERP%20D%20Statutory%20Guidance%20-%20revenue%20provision.pdf?J=1", "label": "democracy.eastherts.gov.uk", "score": 10.8720367689, "published": false}, {"hash": "cZSSFl8Atd0", "uri": "https://assets.publishing.service.gov.uk/media/5a81f48e40f0b6230269a0fb/Draft_statutory_guidance_on_Minimum_Revenue_Provision.pdf", "label": "assets.publishing.service.gov.uk", "score": 10.6455225084, "published": false}, {"hash": "cW7vQqFvpIG", "uri": "https://assets.publishing.service.gov.uk/government/uploads/system/uploads/attachment_data/file/678868/Statutory_guidance_on_minimum_revenue_provision.pdf", "label": "assets.publishing.service.gov.uk", "score": 7.0438056126, "published": false}], "size": 3, "snippet": "means the making of a commuted payment to, or for the benefit of, a local authority in the financial year beginning on 1st April 1992;", "hash": "f58bb132a8df55459abcf0b3e791d445", "id": 8}, {"snippet_links": [], "samples": [{"hash": "kegkUANlxVX", "uri": "/contracts/kegkUANlxVX#commutation", "label": "Reinsurance Agreement (Slide Insurance Holdings, Inc.)", "score": 35.674880219, "published": true}, {"hash": "eztKlA6H378", "uri": "/contracts/eztKlA6H378#commutation", "label": "Reinsurance Agreement (Slide Insurance Holdings, Inc.)", "score": 35.674880219, "published": true}, {"hash": "1AcNcTOWFKU", "uri": "/contracts/1AcNcTOWFKU#commutation", "label": "Reinsurance Agreement (Slide Insurance Holdings, Inc.)", "score": 35.674880219, "published": true}], "size": 3, "snippet": "means a Full Commutation.", "hash": "6f8f7a6a2a77182e5772eb9ecd31731d", "id": 9}, {"snippet_links": [], "samples": [{"hash": "4H0HrWXBwMn", "uri": "/contracts/4H0HrWXBwMn#commutation", "label": "Property Catastrophe Excess of Loss Reinsurance Agreement", "score": 31.340862423, "published": true}, {"hash": "7n1AjCoSxcs", "uri": "/contracts/7n1AjCoSxcs#commutation", "label": "Property Catastrophe Excess of Loss Reinsurance Agreement (Heritage Insurance Holdings, LLC)", "score": 25.3258042437, "published": true}, {"hash": "50f2CLAty2p", "uri": "/contracts/50f2CLAty2p#commutation", "label": "Property Catastrophe Excess of Loss Reinsurance Agreement (Heritage Insurance Holdings, LLC)", "score": 25.3258042437, "published": true}], "size": 3, "snippet": "has the meaning set forth in Article 3.D.", "hash": "a7251c18922eb4ea120bbeb78a869ed8", "id": 10}], "next_curs": "ClgSUmoVc35sYXdpbnNpZGVyY29udHJhY3RzcjQLEhpEZWZpbml0aW9uU25pcHBldEdyb3VwX3Y1NiIUY29tbXV0YXRpb24jMDAwMDAwMGEMogECZW4YACAA", "definition": {"size": 97, "snippet": "means, with respect to any portion of the Ceded Reinsurance, a commutation or other similar transaction that results in the termination of such Ceded Reinsurance with respect to the Reinsured Contracts.", "title": "Commutation", "id": "commutation", "examples": ["The maximum contribution to the Ultimate Net Loss shall be limited to a maximum per life recovery of $10,000,000 (discounted to net present value in accordance with the provisions of the <strong>Commutation</strong> Article).", "<strong>Commutation</strong> may be per Covered Event or by Contract Year as determined by the FHCF.", "Said <strong>Commutation</strong> shall take place in Tallahassee, Florida, unless some other place is mutually agreed upon by the Company and the SBA.", "The final <strong>Commutation</strong> shall constitute a complete and final release of all obligations of the SBA with respect to Losses.", "Such zero-dollar <strong>Commutation</strong>, once completed, eliminates the mandatory FHCF Proof of Loss reporting requirements for the applicable Covered Event(s) for all reporting periods after the completion of the <strong>Commutation</strong>.", "The maximum contribution to the Ultimate Net Loss shall be limited to a maximum per life recovery of $10,000,000 (discounted to net present value in accordance with the provisions of Article 10 \u2014 <strong>Commutation</strong>).", "The Company shall also retain complete and accurate records of any completed exposure examination for any Contract Year in which the Company incurred Losses until the completion of the claims examination and <strong>Commutation</strong> for that Contract Year.", "Updated Proof of Loss Reports for each Covered Event are due quarterly thereafter until the <strong>Commutation</strong> process described in Article XI is completed.", "The Company shall retain complete and accurate records of all reported Losses and/or advances submitted to the SBA until the SBA has completed its examination of the Company\u2019s reimbursable Losses and <strong>Commutation</strong> for the Contract Year (if applicable) has been concluded.", "The Company shall not, without the Reinsurer\u2019s prior written approval, in its sole discretion, take any action to amend or terminate any Ceded Reinsurance under any Ceded Reinsurance Agreement or enter into any <strong>Commutation</strong> of Ceded Reinsurance."], "related": [["reinsurance-agreement", "Reinsurance Agreement", "Reinsurance Agreement"], ["reinsurance-agreements", "Reinsurance Agreements", "Reinsurance Agreements"], ["insurance-assignment", "Insurance Assignment", "Insurance Assignment"], ["capitation-payment", "Capitation Payment", "Capitation Payment"], ["facilitation-payment", "Facilitation Payment", "Facilitation Payment"]], "related_snippets": [], "updated": "2025-07-07T00:35:48+00:00"}, "json": true, "cursor": ""}}