New Insurance Policies definition

New Insurance Policies has the meaning set forth in the Reinsurance Agreement.

New Insurance Policies means the binders, endorsements, riders, policies, certificates, annuity contracts, contracts of insurance, and supplementary contracts of insurance (including settlement options) issued, renewed, or assumed pursuant to the terms of such Policies or as required by Applicable Law or by the Reinsurer on behalf of the Ceding Company following the Effective Time in accordance with the Administrative Services Agreement.

New Insurance Policies means Policies of the type issued by the Ceding Company in connection with the FSS Business that are quoted to potential customers prior to the Closing but are not issued until after the Closing.

Examples of New Insurance Policies in a sentence

• Subject to the Reinsurance Agreement and in accordance with the terms thereof, all New Insurance Policies shall be automatically ceded (effectively immediately upon issuance thereof) by the Ceding Company to the Administrator (in its capacity as “Reinsurer” under the Reinsurance Agreement, and reinsured by the Administrator (in its capacity as “Reinsurer” under the Reinsurance Agreement) in accordance with the terms of the Reinsurance Agreement.

• New Insurance Policies and Appraisals (E-227, E-228 & E-231, ADMIN-191 & 193): The Governor recommends funding to support the addition of two new insurance policies as well as funding for certain asset appraisals.

• It is intended that the Ceding Company generally should not bear an economic cost relating to the federal income Tax treatment of the net consideration determined under Code Section 848 with regard to the New Insurance Policies.

• The amount of any Tax detriment shall be calculated without regard to Tax items or attributes of the Ceding Company unrelated to the New Insurance Policies, including any “net negative consideration” under Code Section 848 unrelated to the New Insurance Policies.

• New Insurance Policies and Appraisals Discussion of Major Closing Issues1.

More Definitions of New Insurance Policies

New Insurance Policies means the individual life insurance policies (including binders, endorsement, riders and supplementary contracts of individual life insurance) issued, renewed, reinsured or assumed by the Ceding Company following the Closing Date in accordance with the Administrative Services Agreement or the Wholesaling Agreement. New Insurance Policies shall exclude any Group Conversion Policies that are not reinsured under the Group Conversion Retrocession Agreement.

New Insurance Policies has the meaning given such term in the applicable Administrative Services Agreement.

New Insurance Policies means any and all binders, endorsements, riders, policies, certificates and contracts of individual life insurance, and supplementary contracts of individual life insurance (including retained asset accounts and all other settlement options) issued, renewed, reinsured or assumed by ILA following the Closing Date in accordance with Article III of xxis Agreement.

New Insurance Policies means the insurance policies with a reputable insurer to cover product liability and professional indemnity liability in accordance with the provisions set forth in clause 11.

New Insurance Policies as defined in Section 4.12(b).

New Insurance Policies shall have the meaning set forth in Section 14(a)(i).

New Insurance Policies has the meaning set forth in Section 2.8(a). “Non-Guaranteed Elements” means cost of insurance charges, rider charges, loads and expense charges, credited interest rates, administrative expense risk charges, policy loans and any other policy features, elements or terms that are subject to change by or that are within the discretion of the Ceding Company under the Reinsured Policies. “Original Effective Time” means, with respect to each Reinsured Policy, the original effective time of the cession of such Reinsured Policy under the Original Reinsurance Agreements. “Original Reinsurance Agreements” has the meaning set forth in the recitals. “Party” shall have the meaning set forth in the preamble. “Person” means an individual, corporation, partnership, joint venture, limited liability company, association, trust, unincorporated organization, Governmental Entity or other entity. “Personal Information” means any (i) personally identifiable information or data (including medical, financial and other personal information) concerning or relating to the policyholders, insureds, claimants, and beneficiaries of the Reinsured Policies, or (ii) any other personally identifiable financial or insurance information, including but not limited to “non- public personal information” as that term is defined in the Xxxxx-Xxxxx-Xxxxxx Act, as amended, and implementing regulations, 15 U.S.C. § 6809(4) or “protected health information” as defined in 45 C.F.R. § 160.103.