MINIMUM CESSION definition

MINIMUM CESSION. Based on applicable retention limit, a minimum initial pool limit is determined at issue: $50,000 There is no cession minimum once the reinsurance is placed. MINIMUM FACULTATIVE
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Examples of MINIMUM CESSION in a sentence

  • MINIMUM CESSION..................................................................................

  • MINIMUM CESSION The minimum initial amount of reinsurance that may be ceded under this program is $10,000.

  • MINIMUM CESSION REQUIREMENT There is no minimum cession requirement under this Agreement.

  • SCHEDULE E POLICY LIMITS: MINIMUM CESSION SIZE: The minimum initial amount to be reinsured for facultative business is $20,000.

  • MINIMUM CESSION REQUIREMENT USAA agrees not to cede any Policy as Automatic Reinsurance if the Reinsurance Amount of the Policy is less than twenty-five thousand dollars ($25,000).

  • MINIMUM CESSION REQUIREMENT Ceding Company agrees not to cede any Policy as Automatic Reinsurance if the Ceded Amount of the Policy is less than one thousand dollars ($1,000) to all reinsurers.

  • TYPE OF REPORTING: Self-Administered PLANS OF INSURANCE: Universal Life VUL Universal Adult Term Waiver of Charges Guaranteed Purchase Option Universal Cost of Living BASIS OF REINSURANCE: Facultative Coinsurance MINIMUM CESSION: $ 25,000 YEARS TO RECAPTURE: Ten (10) Years PREMIUM TAX REIMBURSEMENT: Premium taxes are not reimbursed.

  • MINIMUM CESSION REQUIREMENT Farm Bureau agrees not to cede any Policy as Automatic Reinsurance if the Reinsurance Amount of the Policy is less than $25,000.

  • Best – Class E Class F - H Ages: 0 – 75 $35,000,000 None 00 - 00 Xxxx Xxxx • Y-UL/VULII-2000-XXXX-PLNJ-4 SCHEDULE A, Section 8, MINIMUM CESSION, shall be replaced by the following: MINIMUM CESSION The minimum amount per cession that can be reinsured with THE REINSURER is $7,500.

  • As a consequence, the lower (higher) the source area relative to the target area, the higher (lower) the SLN values of the source-to-target projection.

Related to MINIMUM CESSION

  • Minimum Charge means the higher of the rate minimum and the rate applied to the Contracted Minimum Demand;

  • Minimum Contract Value means 10% of the Maximum Contract Value.

  • Extension Minimum Condition means a condition to consummating any Extension that a minimum amount (to be determined and specified in the relevant Extension Request, in the Borrower’s sole discretion) of any or all applicable Classes be submitted for Extension.

  • Minimum Condition has the meaning set forth in Annex I.

  • Minimum Commitment means any minimum commitment of time and usage for use of the Services by You during the Term of this Agreement.

  • Minimum Trade Price means the lowest Spot Price of the Units (subject to any adjustment to such Spot Price as may be necessary to reflect any event as contemplated in Product Condition 3 such as capitalisation, rights issue, distribution or the like) during the MCE Valuation Period;

  • Minimum Balance Requirements You must maintain a minimum daily balance of $2,000.00 in your Money Market Savings account to obtain the disclosed annual percentage yield. We impose a monthly maintenance fee if the balance falls below $500 any day of the month. Basic Checking Account Rate Information: This account does not pay interest.

  • Minimum Collateral Amount means, at any time, (a) with respect to Cash Collateral consisting of cash or deposit account balances provided to reduce or eliminate Fronting Exposure during any period when a Lender constitutes a Defaulting Lender, an amount equal to 105% of the Fronting Exposure of the L/C Issuer with respect to Letters of Credit issued and outstanding at such time, (b) with respect to Cash Collateral consisting of cash or deposit account balances provided in accordance with the provisions of Section 2.14(a)(i), (a)(ii) or (a)(iii), an amount equal to 105% of the Outstanding Amount of all L/C Obligations, and (c) otherwise, an amount determined by the Administrative Agent and the L/C Issuer in their sole discretion.

  • Minimum Weighted Average Spread Test means a test that will be satisfied on any date of determination if the Weighted Average Spread of all Eligible Collateral Obligations included in the Collateral on such day is equal to or greater than 5.25%.

  • Minimum Cash Balance means $10,000,000 minus (i) $500,000, (ii) any amounts to be paid to holders of Allowed Ongoing Trade Claims of New Permian Corp., and (iii) any amounts to be paid to holders of Allowed Cure Amounts pursuant to Section 8.4(ii).

  • Minimum DSCR means, with respect to a Supplemental Loan, (i) if the Senior Indebtedness bears interest at a fixed rate, 1.25:1, or (ii) if the Senior Indebtedness bears interest at a floating rate, 1.10:1.

  • Maximum Contract Value means the amount specified in the "Limitation of Expenditure" clause set out in the Contract; and

  • Minimum Capital Requirement means the Minimum Capital Requirement, the minimum group Solvency Capital Requirement or other minimum capital requirements (as applicable) referred to in the Relevant Rules;

  • Minimum Balance means, at any time, an amount that equals the product of: (a) the average Borrowing Base (or, if less on any given day, the Revolving Loan Commitment) during the immediately preceding month multiplied by (b) the Minimum Balance Percentage for such month.

  • Minimum Order Quantity means the minimum number of batches of a Product to be produced during the same cycle of manufacturing as set forth in a Product Agreement on Schedule B;

  • VWAP Minimum Price Threshold means, with respect to any particular VWAP Purchase Notice, the Sale Price on the VWAP Purchase Date equal to the greater of (i) 80% of the Closing Sale Price on the Business Day immediately preceding the VWAP Purchase Date or (ii) such higher price as set forth by the Company in the VWAP Purchase Notice.

  • Minimum Term means the minimum initial period of service for each Service as shown on the Service Agreement and Order Schedule, such period to start on the date on which the relevant Service is first made available to you for use. For the avoidance of doubt, unless otherwise agreed the minimum term will be 12 months from your contract commencement date or other such date as may be notified to you in accordance with paragraph 19.2.

  • Minimum Threshold means the average daily yield on the 10 Year Treasury Note (as reported in the Bloomberg GT10 index) over the Award Period.

  • Minimum Cash Amount shall have the meaning set forth in Section 6.2(iv).

  • Minimum Weighted Average Coupon Test means a test that will be satisfied on any Measurement Date if the Weighted Average Coupon equals or exceeds 7.0%.

  • Minimum Tangible Net Worth means, with respect to the Parent, at any time, the sum of (a) $1,418,939,250 plus (b) 75% of the aggregate net proceeds received by the Parent or any of its Subsidiaries after September 30, 2013 in connection with any offering of Stock or Stock Equivalents of the Parent or its Subsidiaries; provided however, that any such net proceeds used solely for the purpose of redeeming the Parent’s preferred stock shall not be included in such sum.