Loss portfolio transfer definition

Loss portfolio transfer means the transfer of the liabilities of the association to an insurance carrier for an agreed upon premium.
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Loss portfolio transfer means the transfer, by the State Insurance Fund, of all future obligations on losses occurring prior to the effective date of the transfer to a third-party reinsurer;
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Loss portfolio transfer or “LPT” A reinsurance transaction in which the loss obligations of an insurance/reinsurance company that have already been incurred and will ultimately be paid can be discharged by transferring, i.e., ceding, those obligations to another insurer/reinsurer.
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Examples of Loss portfolio transfer in a sentence

  • Loss portfolio transfer is a type of retroactive reinsurance transaction entered into in order to obtain surplus relief.

  • Hugh Kimball concurred stating that that’s a County issue (Onondaga County Health Department).

  • Exhibit A is deleted in its entirety and replaced with new Exhibit A attached hereto.

  • The most common forms of finite solutions include: • Loss portfolio transfer (LPT): The company cedes outstanding claims reserves or liability provisions to the insurer and receives in turn the net present value of the ceded balance adjusted for its risk components.

  • Co.118,430 Loss portfolio transfer 70,685 0Total gains and losses$265,572,735$93,955,275Net increase (decrease) in surplus 171,617,460Surplus as regards policyholders per report on examination as of December 31, 2009 $832,021,079 4.

  • Compre has invested in portfolios of investment- grade securities, which is consistent with its investment strategy and appetite and as outlined by the Loss portfolio transfer agreements.Compre has medium to low-risk appetite towards investment risk.

  • Loss portfolio transfer cover ceded and net liabilities Gross E(X) = $2,000,000 Limited Expected Value @ $2.5m = $1,970,352 – Equivalent to the reserve ceded to the LPT Retained net reserves = $29,648 Reinsurer’s liabilities are equivalent to the LEV of $1,970,352, however reinsurer would likely reflect full $2 million or even something higher to reflect chance of adverse development.

  • The research methodology of this study will use the “Quantitative research” to survey research method collecting primary data according to the objective of the study.


More Definitions of Loss portfolio transfer

Loss portfolio transfer means the acquisition by ABCIC of all or substantially all of the assets and the assumption of all or substantially all of the claim liabilities of the Fund under and pursuant to the terms of the Loss Portfolio Transfer Agreement.
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Loss portfolio transfer means the transfer of the liabilities of the association to an
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Loss portfolio transfer means a type of Covered Contract under which a block of business, which was insured or reinsured by a cedent, is reinsured to the Company in exchange for payment of premium by the cedent to the Company which premium is held in a Portfolio Fund and used to pay claims under the Covered Contract.
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Related to Loss portfolio transfer

  • Portfolio Asset means an asset of an investment fund;

  • Portfolio Assets means all Loan Assets owned by the Borrower, together with all proceeds thereof and other assets or property related thereto, including all right, title and interest of the Borrower in and to:

  • Investment Portfolio means invested assets (including cash and cash equivalents, short-term investments, bonds or other fixed income securities and equity investments).

  • Servicing Portfolio means, as to any Person, the unpaid principal balance of Mortgage Loans serviced by that Person under Servicing Contracts, minus the principal balance of all Mortgage Loans that are serviced by that Person for others under subservicing arrangements.

  • Collateral Portfolio means all right, title, and interest (whether now owned or hereafter acquired or arising, and wherever located) of the Borrower in the property identified below in clauses (i) through (iv) and all accounts, cash and currency, chattel paper, tangible chattel paper, electronic chattel paper, copyrights, copyright licenses, equipment, fixtures, contract rights, general intangibles, instruments, certificates of deposit, certificated securities, uncertificated securities, financial assets, securities entitlements, commercial tort claims, deposit accounts, inventory, investment property, letter-of-credit rights, software, supporting obligations, accessions, or other property consisting of, arising out of, or related to any of the following (in each case excluding the Retained Interest and the Excluded Amounts):

  • Freddie Mac Transfer As defined in Section 13 hereof.

  • Risk Transfer Date means the date when the risk of loss or damage to the Works passes from the Contractor to the Employer in accordance with sub Clauses 38.2 and 39.1.

  • Mortgage Receivable means a promissory note secured by a Mortgage of which the Borrower or a Subsidiary is the holder and retains the rights of collection of all payments thereunder.

  • Subsequent Mortgage Loan A Mortgage Loan sold by the Depositor to the Trust Fund pursuant to Section 2.08, such Mortgage Loan being identified on the Mortgage Loan Schedule attached to a Subsequent Transfer Instrument.

  • Transfer Vehicle means any vehicle that operates in space and transfers Payloads or persons or both between two different space objects, between two different locations on the same space object, or between a space object and the surface of a celestial body. A Transfer Vehicle also includes a vehicle that departs from and returns to the same location on a space object.

  • Mortgage Assets The Mortgage Loans to be included in the Trust Fund are as described in Annex A hereto.

  • Selling Portfolio has the meaning specified in Section 2.10;

  • Class P Mortgage Loan Any of the Class I-P, Class II-P or Class III-P Mortgage Loans.

  • FTR Portfolio Auction Value means for each customer account of a Market Participant, the sum, calculated on a monthly basis, across all FTRs, of the FTR price times the FTR volume in MW.

  • Park Sienna Mortgage Loans The Mortgage Loans identified as such on the Mortgage Loan Schedule for which Park Sienna is the applicable Seller.

  • Subsequent Mortgage Loans means, for purposes of this Agreement, the Subsequent Mortgage Loans listed in the Subsequent Mortgage Loan Schedule attached hereto as Schedule I.

  • Servicing Transfer Event means any of the events specified in the Servicing Agreement, whereby the servicing of the Mortgage Loan is required to be transferred to the Special Servicer from the Master Servicer.

  • Servicing Transfer Any transfer of the servicing by a Prior Servicer of Mortgage Loans to the Servicer under this Agreement.

  • Mortgage Loan Sale Agreement The mortgage loan sale and assignment agreement dated as of July 1, 2005, for the sale of the Mortgage Loans by the Seller to the Depositor.

  • Servicing Transfer Date The date on which a Servicing Transfer occurs.

  • Portfolio Value means the aggregate amount of portfolio of investments including cash balance without netting off of leverage undertaken by the CDMDF.

  • Current Portfolio At any time, the portfolio of Collateral Obligations and Cash and Eligible Investments representing Principal Proceeds (determined in accordance with Section 1.3 to the extent applicable), then held by the Issuer.

  • Group 4 Mortgage Loan Each Mortgage Loan listed on Exhibit D-4 hereto.

  • Wet-Ink Mortgage Loan means a Mortgage Loan which any Seller is selling to Buyer simultaneously with the origination thereof and for which the Mortgage Loan Documents have not been delivered to the Custodian.

  • Mortgage Servicing Rights The rights and responsibilities of Seller with respect to servicing the Mortgage Loans under the Servicing Agreements, including any and all of the following if and to the extent provided therein: (a) all rights to service a Mortgage Loan; (b) all rights to receive servicing fees, Ancillary Income, reimbursements or indemnification for servicing the Mortgage Loan, and any payments received in respect of the foregoing and proceeds thereof; (c) the right to collect, hold and disburse escrow payments or other payments with respect to the Mortgage Loan and any amounts actually collected with respect thereto and to receive interest income on such amounts to the extent permitted by Applicable Law; (d) all accounts and other rights to payment related to any of the property described in this paragraph; (e) possession and use of any and all Credit Files pertaining to the Mortgage Loan or pertaining to the past, present or prospective servicing of the Mortgage Loan; (f) to the extent applicable, all rights and benefits relating to the direct solicitation of the related Mortgagors for refinance or modification of the Mortgage Loans and attendant right, title and interest in and to the list of such Mortgagors and data relating to their respective Mortgage Loans; and (g) all rights, powers and privileges incident to any of the foregoing.

  • Purchasing Portfolio has the meaning specified in Section 2.10;