Inward Reinsurance definition

Inward Reinsurance means the business assumed pursuant to the Inward Reinsurance Agreements.

Examples of Inward Reinsurance in a sentence

  • The last column divides the found percentages (column 3) by the expected (column 2).

  • However, a foreign broker may enter into suitable arrangement with insurance broker licensed by the Authority to place Foreign Inward Reinsurance and sharing of brokerage may be guided by such arrangement.

  • Inward Reinsurance and Offshore Insurance.- The income tax deriving of profits from those sources is taxed at 5%; or exempted in the case of dividends in the hands of the company’s shareholders derived from such profits.

  • However, Australia’s commitments on tariffs largely reflect those proposed by Australia’s TCF sector during the negotiations.

  • The Board is exposed to currency risk on transactions in Foreign Currency with the other Insurers for Inward Reinsurance business.

  • Contract with an Electrical Contractor for all high voltage (greater than 48VAC) work as required and to install all system equipment as shown on Tech’s design drawings per Tech’s direction.

  • This provided ICIEC an opportunity to brief these ECAs of ICIEC’s recently finalized Inward Reinsurance Facility.

  • None of the applicable percentage ratios for the amounts of premiums and commissions of the Inward Reinsurance Transactions exceeds the 0.1% threshold under Rule 14A.33 of the Listing Rules, therefore the Inward Reinsurance Transactions are exempt from the reporting, annual review, announcement and independent shareholders’ approval requirements.

  • CPIC Allianz and CPIC Life entered into “2016 Anxin • Yi Inward Reinsurance Agreements” and “2016 Golden Years Inward Reinsurance Agreements”.

  • Placement of Foreign Inward Reinsurance (i) The insurance broker shall ensure that Reinsurer(s) in India or in the IFSC shall receive the reinsurance premium from the overseas insurer as per the premium payment condition stipulated in the reinsurance contract.

Related to Inward Reinsurance

  • 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;

  • 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.

  • Unemployment Insurance means the contribution required of Vendor, as an employer, in respect of, and measured by, the wages of its employees (or subcontractors) as required by any applicable federal, state or local unemployment insurance law or regulation.

  • FHA Insurance The contractual obligation of FHA respecting the insurance of an FHA Loan pursuant to the National Housing Act, as amended.

  • 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.

  • Reinsurer has the meaning set forth in the preamble.

  • 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.

  • In-Orbit Insurance means, with respect to any Satellite (or, if the entire Satellite is not owned by the Issuer or any Restricted Subsidiary, as the case may be, the portion of the Satellite it owns or for which it has risk of loss), insurance (subject to a right of co-insurance in an amount up to $150.0 million) or other contractual arrangement providing for coverage against the risk of loss of or damage to such Satellite (or portion, as applicable) attaching upon the expiration of the launch insurance therefor (or, if launch insurance is not procured, upon the initial completion of in-orbit testing) and attaching, during the commercial in-orbit service of such Satellite (or portion, as applicable), upon the expiration of the immediately preceding corresponding policy or other contractual arrangement, as the case may be, subject to the terms and conditions set forth in this Indenture.

  • Long-term care insurance means group insurance that is authorized by the retirement system for retirants, retirement allowance beneficiaries, and health insurance dependents, as that term is defined in section 91, to cover the costs of services provided to retirants, retirement allowance beneficiaries, and health insurance dependents, from nursing homes, assisted living facilities, home health care providers, adult day care providers, and other similar service providers.

  • 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.

  • 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.

  • Coinsurance means that you pay a percent of the total cost of the drug each time you fill a prescription.

  • Health-care-insurance receivable means an interest in or claim under a policy of insurance which is a right to payment of a monetary obligation for health-care goods or services provided.

  • 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 Regulator means any Person charged with the administration, oversight or enforcement of any Insurance Regulation.

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

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

  • Medicaid means that government-sponsored entitlement program under Title XIX, P.L. 89-97 of the Social Security Act, which provides federal grants to states for medical assistance based on specific eligibility criteria, as set forth on Section 1396, et seq. of Title 42 of the United States Code.

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

  • Credit insurance means insurance offered in connection with an extension of credit that is limited to partially or wholly extinguishing that credit obligation.