EBUM definition
EBUM means the run-off blocks of individual disability income reinsurance, HMO and carrier medical excess reinsurance, personal accident reinsurance, National Group Products and property and casualty reinsurance included in the Business.
Examples of EBUM in a sentence
There shall not have been or occurred any change, event or circumstance that, individually or in the aggregate with all other changes, events or circumstances, has had or would reasonably be expected to have a Material Adverse Effect; provided, that for the purposes of this Section 7.01(g), any adverse change or effect resulting from or in any inadequacy of the reserves or uncollectibility of reinsurance, in either case with respect to EBUM, shall not be deemed a Material Adverse Effect.