Existing Reinsurance Contracts definition

Existing Reinsurance Contracts means those Third Party Reinsurance Contracts between the Cedent and any Third Party Reinsurer that cover Post-Effective Date Losses listed on Schedule A attached hereto.
Existing Reinsurance Contracts means the reinsurance agreements, contracts or treaties under which the Company ceded certain liabilities relating to the Prior Insurance Business.
Existing Reinsurance Contracts has the meaning set forth in Section 2.16(a).

Examples of Existing Reinsurance Contracts in a sentence

  • All Existing Reinsurance Contracts shall inure to the benefit of the Reinsurer with respect to Pre-Effective Date Losses and shall inure to the benefit of the Cedent with respect to Post-Effective Date Losses.

  • Except as described on Section 3.13.1 of the Company Disclosure Schedule, neither the Company nor the Company Insurance Subsidiaries has received any written notice from any of the reinsurers party to the Existing Reinsurance Contracts that any amount in excess of $500,000 recoverable by the Company Insurance Subsidiaries pursuant to an Existing Reinsurance Contract is not fully collectible in due course.

  • All liabilities of the Company that have arisen or could arise under any insurance contract or any reinsurance contract to which the Company is a party have been and will be ceded pursuant to the Existing Reinsurance Contracts and the Reinsurance Agreement.

  • None of the Existing Reinsurance Contracts contains any provision providing that the reinsurer thereto may modify, amend, cancel, commute, or terminate such Existing Reinsurance Contract as a result of the consummation of the transactions contemplated by this Agreement.

  • All liabilities of the Company that have arisen or could arise under any insurance contractor any reinsurance contract to which the Company is a party have been and will be ceded pursuant to the Existing Reinsurance Contracts and the Reinsurance Agreement.


More Definitions of Existing Reinsurance Contracts

Existing Reinsurance Contracts. Section 3.13.1

Related to Existing Reinsurance Contracts

  • 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.

  • 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.

  • 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.

  • 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;

  • 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.

  • 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.

  • variable insurance contract means a contract of life insurance under which the interest of the purchaser is valued for purposes of conversion or surrender by reference to the value of a proportionate interest in a specified portfolio of assets.

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

  • Insured Contract means any written:

  • Insurance Schedule means Schedule 3 attached hereto.

  • 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.

  • Reinsured Policies has the meaning assigned to it in the Reinsurance Agreement.

  • Reinsurers shall be understood to mean “Reinsurers”, “Underwriters” or whatever other term is used in the attached reinsurance document to designate the reinsurer or reinsurers.

  • Reinsured Liabilities means the General Account Liabilities and the Separate Account Liabilities.

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

  • Insurance Costs means the sums described in paragraph 1.1 of Part 5 of the Schedule;

  • Ceding Company has the meaning set forth in the preamble.

  • Service Contracts means contracts or agreements, such as maintenance, supply, service or utility contracts.

  • Reinsurer has the meaning set forth in the preamble.

  • Insurance Consultant or "consultant" means a person who:

  • Ceding Commission shall have the meaning specified in Section 5.2.

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

  • Insurance Companies means the companies with whom the Insurance Policies are held.

  • Insurance carrier means every insurance carrier duly

  • Insurance Policies has the meaning set forth in Section 3.16.

  • 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;