Excess of Loss Reinsurance Agreement definition

Excess of Loss Reinsurance Agreement means that certain excess of loss reinsurance agreement(s), as may be amended from time to time, by and between Republic Underwriters Insurance Company and one or more Excess of Loss Reinsurers providing excess of loss reinsurance for the Authorized Business.
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Excess of Loss Reinsurance Agreement means that certain excess of loss reinsurance agreement(s), as may be amended from time to time, by and between Republic Underwriters Insurance Company and one or more Excess of Loss Reinsurers providing excess of loss reinsurance for the Authorized Business. 2.9 “Excess of Loss Reinsurer” means the reinsurer or reinsurers under the Excess of Loss Reinsurance Agreement. General Agent and Company understand and agree that an Excess of Loss Reinsurer may change from time to time and such changes in Excess of Loss Reinsurer shall not require written amendment to this Agreement. 2.10 “General Agent” shall have the meaning set forth in the preamble of this Agreement. 2.11 “Installment Billing Fees” means the sum of the amounts identified as billing fees charged by General Agent to policyholders on behalf of Company for processing installment payments on Policies. 2.12 “Loss Adjustment Expenses” (“LAE”) means expenses assignable to the investigation, appraisal, adjustment, settlement, litigation, defense or appeal of specific claims, regardless of how such expenses are classified for statutory reporting purposes. Loss Adjustment Expenses shall include, but not be limited to, interest on judgments, expenses of outside adjusters, ex gratia payments and declaratory judgment expenses or other legal expenses and
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Excess of Loss Reinsurance Agreement means the Whole Account Aggregate Excess of Loss Reinsurance Agreement, dated as of January 1, 2014 and as amended as of March 7, 2018, by and among the Insurance Subsidiaries and SIBL.
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Examples of Excess of Loss Reinsurance Agreement in a sentence

  • Effective July 1, 2016, the Company entered into an Excess of Loss Reinsurance Agreement with Partner Reinsurance Europe ES.

  • Opposed to the definition presented above, the Hindu nationalist philosophy does not support autonomous local communities; it aspires for an authoritarian, centralized system.

  • In connection with the PAA, the parties entered into an Excess of Loss Reinsurance Agreement (“Reinsurance Agreement”).

  • LS&E performed a detailed analysis of the Aggregate Excess of Loss Reinsurance Agreement dated as of June 12, 1995 between the Debtor's subsidiary, Home Insurance Company ("Home Insurance"), and Centre Reinsurance International Company to determine whether Home Insurance could declare dividends to the Debtor to fund payments to the Noteholders which would exceed proposed distributions to the Noteholders under the Plan.

  • In its then role as counsel to the Senior Noteholders' Committee, Anderson Kill undertook extensive due diligence on the Debtor and the Home, including without limitation, a review of all the debt agreements, the Aggregate Excess of Loss Reinsurance Agreement (the "XOL"), statutory financial statements of the Home, the Auditors' Financial Statements of the Debtor and the 1995 Recapitalization Agreement and related exhibits.

  • The use of contingencies does not require an addendum to the financing agreement.

  • On December 17, 1998, Chartwell and Commercial Casualty Insurance Company of Georgia (“CCIC”) entered into a Casualty Excess of Loss Reinsurance Agreement, effective April 1, 1998 through April 1, 1999, whereby Chartwell reinsured a portion of certain insurance policies issued by CCIC.

  • This might be due to the same reasons that limit the variation of the output share and is also consistent with evidence from other studies of contract duration.21 Figure 1: Contract Duration 40 35 30 sample share25 20 15 10 5 01 2 3 4 5 6 7 8 9 10years Given the distribution of the duration variable and for ease of exposition, the analysis focuses on the distinction between short and long term contracts.

  • The second contract was an Aggregate Excess of Loss Reinsurance Agreement (the “Reinsurance Agreement”).

  • Cargo Excess of Loss Reinsurance Agreement (100% unauthorized) $14,350,000 x/s $650,000 of ultimate net loss each risk, each loss.Cargo Excess of Loss Reinsurance Agreement – Terrorism (100% unauthorized) The Branch shall retain the first $500,000 of ultimate net loss each risk, each loss.


More Definitions of Excess of Loss Reinsurance Agreement

Excess of Loss Reinsurance Agreement means the Excess of Loss Reinsurance Agreement, dated as of March 31, 2016, by and between Prime Re and the Reinsurer.
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Related to Excess of Loss Reinsurance Agreement

  • Reinsurance Agreement means any agreement, contract, treaty or other arrangement whereby one or more insurers, as reinsurers, assume liabilities under insurance policies or agreements issued by another insurance or reinsurance company or companies.

  • Reinsurance Agreements means any agreement, contract, treaty, certificate or other arrangement by which any Insurance Subsidiary agrees to transfer or cede to another insurer all or part of the liability assumed or assets held by it under one or more insurance, annuity, reinsurance or retrocession policies, agreements, contracts, treaties, certificates or similar arrangements. Reinsurance Agreements shall include, but not be limited to, any agreement, contract, treaty, certificate or other arrangement that is treated as such by the applicable Department.

  • Insurance Agreement means the insurance and indemnity agreement identified in the Adoption Annex.

  • Reinsurance means the activity consisting in accepting risks ceded by an insurance undertaking or by another reinsurance undertaking or, in the case of the association of underwriters known as Lloyd's, the activity consisting in accepting risks, ceded by any member of Lloyd's, by an insurance or reinsurance undertaking other than the association of underwriters known as Lloyd's;

  • Retrocession Agreement means any agreement, contract, treaty or other arrangement whereby one or more insurers or reinsurers, as retrocessionaires, assume liabilities of reinsurers under a Reinsurance Agreement or other retrocessionaires under another Retrocession Agreement.

  • Mortgage guaranty insurance means surety insurance under which a mortgagee or other creditor is indemnified against losses caused by the default of a debtor.

  • Insurance Contract means a contract (other than an Annuity Contract) under which the issuer agrees to pay an amount upon the occurrence of a specified contingency involving mortality, morbidity, accident, liability, or property risk.

  • Insurance Assignment means the valid and effective first legal assignment of the Insurances (together with the notice thereof), to be executed by the Borrower in respect of the Vessel in favour of the Trustee and the Commercial Loan Trustee, such assignment and notice to be in the form and on the terms and conditions required by the Agent, the Hermes Agent and the Commercial Loan Agent and agreed on the signing of the Original Loan Agreement and as specified in paragraph 47 of Schedule 4;

  • Cash Value Insurance Contract means an Insurance Contract (other than an indemnity reinsurance contract between two insurance companies) that has a Cash Value greater than $50,000.

  • Tax Indemnity Agreement means the Tax Indemnity Agreement, dated as of even date with the Participation Agreement, between Lessee and Owner Participant.

  • Insurance Contracts means the insurance or annuity policies and contracts, together with all binders, slips, certificates, endorsements and riders thereto, issued or entered into by any Insurance Company prior to the Closing.

  • Blanket insurance policy means a group policy covering a defined class of

  • Labor peace agreement means an agreement between an entity and a

  • Comprehensive agreement means the comprehensive agreement between the private entity and the responsible public entity that is required prior to the development or operation of a qualifying project.

  • FHA Mortgage Insurance Contract means the contractual obligation of the FHA respecting the insurance of a Mortgage Loan.

  • Reinsurance intermediary means a reinsurance intermediary-broker or a reinsurance intermediary-manager.

  • Surplus lines insurance means insurance in this State of risks located or to be performed in this State, permitted to be placed through a licensed broker with a nonadmitted insurer eligible to accept the insurance, other than reinsurance, wet marine and transportation insurance, insurance independently procured, and life and health insurance and annuities. Excess and stop‑loss insurance coverage upon group life, accident, and health insurance or upon a self‑insured’s life, accident, and health benefits program may be approved as surplus lines insurance.

  • Environmental Insurance Policy means, with respect to any Mortgage Loan or the related Mortgaged Property or REO Property, any insurance policy covering pollution conditions and/or other environmental conditions that is maintained from time to time in respect of such Mortgage Loan, Mortgaged Property or REO Property, as the case may be, for the benefit of, among others, the Trustee on behalf of the Certificateholders.

  • Insured Contract means any written:

  • Data Processing Lease means any lease or licensing agreement, binding on the Failed Bank as of Bank Closing, the subject of which is data processing equipment or computer hardware or software used in connection with data processing activities. A lease or licensing agreement for computer software used in connection with data processing activities shall constitute a Data Processing Lease regardless of whether such lease or licensing agreement also covers data processing equipment.

  • Reimbursement insurance policy means a policy of insurance

  • Special Primary Insurance Policy Any Primary Insurance Policy covering a Mortgage Loan the premium of which is payable by the Trustee pursuant to Section 4.04(a), if so identified in the Mortgage Loan Schedule. There are no Special Primary Insurance Policies with respect to any of the Mortgage Loans.

  • Commercial Shared-Loss Agreement means the Commercial Shared-Loss Agreement attached to the Purchase and Assumption Agreement as Exhibit 4.15B.

  • Data Sharing Agreement A formal agreement that documents what data is being shared and how the data can be used between the Parties. ‘‘Data Sharing Code of Practice” the code of practice issued by the Information Commissioner in respect to the sharing of personal data.

  • Insurance Policy With respect to any Mortgage Loan included in the Trust Fund, any insurance policy, including all riders and endorsements thereto in effect, including any replacement policy or policies for any Insurance Policies.

  • Group long-term care insurance means a long-term care insurance policy which is delivered or issued for delivery in this State and issued to: