Legacy Policies definition

Legacy Policies. All Policies, current or past, which are owned or maintained by or on behalf of Excel or EDV or any of their Affiliates or predecessors, which relate to the Legacy Business but do not relate to the Retained Businesses, and which Policies are either maintained by Legacy or assignable to Legacy.
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Legacy Policies means all insurance policies issued by the Company through Company systems prior to the Effective Date. “Majesco Legacy Policies” means all insurance policies issued by the Company through Company systems prior to the Effective Date, and includes renewals of such policies only when such renewals are maintained on the Company’s systems. For the avoidance of doubt, Majesco Legacy Policies does not include Majesco Legacy Policies replaced by the New Insurance Product or renewed through the Administrator’s policy administration system. “New Business” means the New Insurance Product, and any other insurance policies issued by the Company to a new insured, on or after the Effective Date. “New Insurance Product” means insurance policies using the rates and forms developed by Administrator and as approved by the State of New York Department of Financial Services.
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Legacy Policies has the meaning set forth in Section 5.15(d).
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Examples of Legacy Policies in a sentence

  • Legacy shall have the right but not the obligation to pay the premiums, to the extent that Excel and EDV do not pay premiums with respect to Retained Liabilities (retrospectively-rated or otherwise), with respect to Shared Policies and the Legacy Policies, as required under the terms and conditions of the respective Policies, whereupon Excel and EDV shall forthwith reimburse Legacy for that portion of such premiums paid by Legacy as are attributable to the Retained Liabilities.

  • With respect to Majesco Legacy Policies, on and after the Effective Date: i.

  • With respect to Majesco Legacy Policies, on and after the Effective Date, and prior to the Administrator Renewal Effective Date: i.

  • The Parties shall use commercially reasonable efforts to ensure that the Transition Employees become Administrator’s employees at a mutually agreeable time without interference to servicing of Legacy Policies.


More Definitions of Legacy Policies

Legacy Policies and “New Insurance Product” shall have the meanings ascribed to those terms in the PAA. b. Company shall pay SageSure CAT administration fees on relevant claims as set forth below: Event Type Per-Claim Fee PCS-declared event that is not a named storm (PCS is Property Claim Services, division of Verisk Analytics) Named Storm, category 1-3 at landfall as defined by the National Hurricane Center (NHC) Named Storm, category 4-5 at landfall as defined by the NHC c. In addition to the per-claim fee, Company shall pay SageSure the fees set forth on Exhibit C for services described therein related to field inspection and field adjusting.
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