In-Force Contracts definition

In-Force Contracts means all individual life insurance (other than contracts included in the COLI Business), health insurance and annuity contracts issued through CIGNA's Individual Insurance Division by Cedent on the forms described on Schedule 1.01 hereto and in effect on the Effective Date (including all supplements, endorsements, riders and ancillary agreements in connection therewith).

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In-Force Contracts means all individual life insurance (other than contracts included in the COLI Business), health insurance and annuity contracts delivered or issued for delivery in jurisdictions other than New York by Cedent's Individual Insurance Division on the forms described on Schedule 1.01 hereto and in effect on the Effective Date (including all supplements, endorsements, riders and ancillary agreements in connection therewith).

In-Force Contracts means all individual life insurance (other than contracts included in the COLI Business), health insurance and annuity contracts owned by residents of the State of New York and issued through CIGNA’s Individual Insurance Division by Cedent on the forms described on Schedule 1.01 hereto and in effect on the Effective Date (including all supplements, endorsements, riders and ancillary agreements in connection therewith). “Income Tax Regulations” means the temporary and final regulations issued under the Code. Any citation to a section of the Income Tax Regulations includes a citation to any successor regulatory provision. “NAIC” means the National Association of Insurance Commissioners. “90-Day Treasury Rate” means the annual yield rate, on the date to which 90-Day Treasury Rate relates, of actively traded U.S. Treasury securities having a remaining duration to maturity of three months, as such rate is published under “Treasury Constant Maturities” in Federal Reserve Statistical Release H.15(519). “Outward Reinsurance” shall have the meaning set forth in Article II hereof. “Person” means any individual, corporation, partnership, firm, joint venture, association, joint-stock company, trust, unincorporated organization, governmental, judicial or regulatory body, business unit, division or other entity. “Post-Closing Contracts” means all individual life insurance (other than contracts included within the COLI Business), health insurance and annuity contracts of the types which are described on Schedule 1.02 hereto (including all supplements, endorsement, riders and ancillary agreements in connection therewith) that are delivered or issued for delivery to a resident of the State of New York through CIGNA’s Individual Insurance Division by Cedent prior to the second anniversary of the Effective Date at the written request of Reinsurer in accordance with Section 5.34 of the Acquisition Agreement. “Post-Recapture Extra Contractual Obligations” means Extra Contractual Obligations which relate to or arise in connection with any alleged or actual act, error or omission by Reinsurer or any of its Affiliates (including by Reinsurer or its Affiliates acting on behalf of Cedent or any of its Affiliates pursuant to this Agreement or otherwise) on or before the Recapture Date, whether intentional or otherwise, or from any reckless conduct or bad faith by Reinsurer or any of its Affiliates (including by Reinsurer or its Affiliates acting on behalf of Cedent or any of its Aff...

Examples of In-Force Contracts in a sentence

• As of the Effective Date, the Seller shall retain the Renewal Rights to the Excluded Contracts and shall retain all liabilities and obligations arising under or relating to the Excluded Contracts and the contracts in-force as of the Effective Date and listed on Schedule 3 ("In-Force Contracts") and their predecessor contracts, whether during the term of said contracts or thereafter.

• Additionally, the servicing arrangements provided herein shall be solely for the benefit of the Seller, and employees of the Purchaser shall not be required to attend or participate in meetings or other functions (including but not limited to broker meetings) with persons other than employees of the Seller, unless such attendance is for the specific purpose of testifying as a witness in a deposition, an arbitration hearing, or court proceeding involving the In-Force Contracts or Expired Bond Business.

• The Seller and the Purchaser agree that the Purchaser shall assist the Seller with the administration of the liabilities and obligations related to the Seller's In-Force Contracts and those contracts which have expired or been terminated prior to the Effective Date ("Expired Bond Business").

• For the avoidance of doubt, the Seller's In-Force Contracts and Expired Bond Business shall not include the Transferred Contracts, the Fronted Transferred Reinsurance Contracts, the Fronted Transferred Policies and the Shared Contracts that are successfully written or renewed by the Purchaser.

• CONNECTICUT GENERAL LIFE INSURANCE COMPANY By: Name: Title: THE LINCOLN NATIONAL LIFE INSURANCE COMPANY By: Name: Title: SCHEDULE 1.01 In-Force Contracts SCHEDULE 1.02 Post-Closing Contracts SCHEDULE 1.03 Cedent Separate Accounts ADMINISTRATIVE SERVICES AGREEMENT by and between CONNECTICUT GENERAL LIFE INSURANCE COMPANY and THE LINCOLN NATIONAL LIFE INSURANCE COMPANY Dated as of _________, 1997 TABLE OF CONTENTS ARTICLE I DEFINITIONS .

• In-Force Contracts For ▇▇▇▇▇ Fargo New Directions Access Variable Annuity contracts that have been in force for at least twelve (12) months when the I4L annuitization option is elected, the I4L compensation will be the same as for the deferred annuity.

• CIGNA LIFE INSURANCE COMPANY By: Name: Title: THE LINCOLN NATIONAL LIFE INSURANCE COMPANY By: Name: Title: SCHEDULE 1.01 In-Force Contracts SCHEDULE 1.02 Post-Closing Contracts SCHEDULE 1.03 Cedent Separate Accounts ADMINISTRATIVE SERVICES AGREEMENT by and between CIGNA LIFE INSURANCE COMPANY and THE LINCOLN NATIONAL LIFE INSURANCE COMPANY Dated as of _________, 1997 TABLE OF CONTENTS ARTICLE I - DEFINITIONS .

• CONNECTICUT GENERAL LIFE INSURANCE COMPANY By: Name: Title: LINCOLN LIFE & ANNUITY COMPANY OF NEW YORK By: Name: Title: SCHEDULE 1.01 In-Force Contracts SCHEDULE 1.02 Post-Closing Contracts SCHEDULE 1.03 Cedent Separate Accounts ADMINISTRATIVE SERVICES AGREEMENT by and between CONNECTICUT GENERAL LIFE INSURANCE COMPANY and LINCOLN LIFE & ANNUITY COMPANY OF NEW YORK Dated as of _________, 1997 TABLE OF CONTENTS ARTICLE I - DEFINITIONS .