Outward Reinsurance definition

Outward Reinsurance means the business ceded pursuant to the Outward Reinsurance Agreements.
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Outward Reinsurance means reinsurance or retrocessions ceded by the Company other than the ARL Retrocession.
Sample 1Sample 2Sample 3
Outward Reinsurance means facultative reinsurance, quota share reinsurance, excess of loss treaty reinsurance, or other reinsurance or retrocessions ceded by the Company other than the ARC Quota Share Reinsurance Agreement and the Watford Quota Share Reinsurance Agreement.
Sample 1Sample 2

Examples of Outward Reinsurance in a sentence

  • The Company shall be the owner and entitled to possession of all Books and Records prepared by AUL in connection with the Covered Business, Outward Reinsurance, the ARL Retrocession, the Accounts and this Agreement; provided, that AUL shall be entitled to make and retain one copy of such materials.

  • AUL shall manage the investigation, negotiation, settlement or defense of any legal proceedings in connection with Covered Contracts or Outward Reinsurance.

  • The Company and its representatives shall, as they may from time to time reasonably request, have access to and the right to inspect and copy, at AUL’s main offices, during regular business hours, and upon reasonable notice, the copies of the Books and Records retained by AUL and all other documents, records, data and information concerning or relating to the Covered Business, Outward Reinsurance, the ARL Retrocession and each Account that are not otherwise included in the Books and Records.

  • AUL shall permit the Books and Records related to such Covered Business, Outward Reinsurance, the ARL Retrocession and the Accounts to be audited by an auditor appointed by the Company at any time upon reasonable notice from the Company.

  • The Company shall provide to AUL originals of all documentation relating to the Covered Business, Outward Reinsurance and the ARL Retrocession.

  • AUL shall maintain all Books and Records required by this Agreement related to the Covered Business, Outward Reinsurance and the ARL Retrocession until 7 years after the expiration of the applicable contracts and shall maintain all Books and Records related to the Accounts until 7 years after AUL ceases to perform any services for the Company hereunder.

  • As additional consideration for the assumption of the General Account Liabilities by Reinsurer, Reinsurer shall be entitled to 100% of all premiums, deposits and other considerations to the extent received on or after the Effective Date by Cedent or Reinsurer with respect to the general account portion of the Coinsured Contracts net of reinsurance premiums and all other amounts payable on or after the Effective Date with respect to the Outward Reinsurance.

  • AUI shall permit the Books and Records related to such Covered Business, Third Party Agreements, Outward Reinsurance, the ARC Quota Share Reinsurance Agreement and the Watford Quota Share Reinsurance Agreement and the Accounts to be audited by an auditor appointed by the Company at any time upon reasonable notice from the Company.

  • AUI shall maintain all Books and Records required by this Agreement related to the Covered Business, Third Party Agreements, Outward Reinsurance, the ARC Quota Share Reinsurance Agreement and the Watford Quota Share Reinsurance Agreement until 7 years after the expiration of the applicable contracts and shall maintain all Books and Records related to the Accounts until 7 years after AUI ceases to perform any services for the Company hereunder.

  • The Company shall provide to AUI all documentation relating to the Covered Business, Third Party Agreements, Outward Reinsurance and the ARC Quota Share Reinsurance Agreement and the Watford Quota Share Reinsurance Agreement.


More Definitions of Outward Reinsurance

Outward Reinsurance means reinsurance cessions by Seller with respect to the Coinsured Contracts, other than pursuant to the Indemnity Reinsurance Agreement.
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Outward Reinsurance shall have the meaning set forth in Article II hereof.
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Outward Reinsurance shall have the meaning set forth in Article II hereof. “Person” means any individual, corporation, partnership, firm, joint venture, association, joint-stock company, trust, unincorporated organization, governmental, judicial or regulatory body, business unit, division or other entity. “Post-Closing Contracts” means all individual life insurance (other than contracts included within the COLI Business), health insurance and annuity contracts of the types which are described on Schedule 1.02 hereto (including all supplements, endorsement, riders and ancillary agreements in connection therewith) that are delivered or issued for delivery to a resident of the State of New York through CIGNA’s Individual Insurance Division by Cedent prior to the second anniversary of the Effective Date at the written request of Reinsurer in accordance with Section 5.34 of the Acquisition Agreement. “Post-Recapture Extra Contractual Obligations” means Extra Contractual Obligations which relate to or arise in connection with any alleged or actual act, error or omission by Reinsurer or any of its Affiliates (including by Reinsurer or its Affiliates acting on behalf of Cedent or any of its Affiliates pursuant to this Agreement or otherwise) on or before the Recapture Date, whether intentional or otherwise, or from any reckless conduct or bad faith by Reinsurer or any of its Affiliates (including by Reinsurer or its Affiliates acting on behalf of Cedent or any of its Affiliates pursuant to this Agreement or otherwise), in connection with the handling of any claim under any of the Coinsured Contracts or in connection with the issuance, delivery, cancellation or administration of any of the Coinsured Contracts. “Preliminary Recapture Statement” shall have the meaning set forth in Section 3.02(b) hereof. “Proposed Recapture Statement” shall have the meaning set forth in Section 3.02(d) hereof. “Recapture Date” shall have the meaning set forth in Section 3.02(a) hereof. “Reinsurer” shall have the meaning set forth in the introductory paragraph hereof. “Third Party Actuary” shall have the meaning set forth in Section 3.02(d) hereof. “Trigger Date” means the last day of the time period specified in Section 5.20(c) of the Acquisition Agreement in the event that the Reinsurer is required to take any of the actions specified in Sections 5.20(a)(i), (ii) and (iii) thereof during such time period and fails to take any such actions. “Umpire” shall have the meaning set forth in Article XIII.
Sample 1
Outward Reinsurance means reinsurance on the HSB-IRI BUSINESS ceded by IRI on behalf of its members.
Sample 1
Outward Reinsurance means reinsurance cessions by CLIC with respect to the Coinsured Contracts, other than pursuant to the CLIC Indemnity Reinsurance Agreement.
Sample 1

Related to Outward 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;

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

  • 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.

  • 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.

  • 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.

  • 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.

  • Credit unemployment insurance means insurance:

  • 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.

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

  • 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 score means a number or rating that is derived from an algorithm, computer application, model, or other process that is based in whole or in part on credit information for the purposes of predicting the future insurance loss exposure of a consumer.

  • 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.

  • Medicaid means the medical assistance programs administered by state agencies and approved by CMS pursuant to the terms of Title XIX of the Social Security Act, codified at 42 U.S.C. 1396 et seq.

  • Medical malpractice insurance means insurance against legal liability incident to the practice and provision of a medical service other than the practice and provision of a dental service.

  • Reinsurer has the meaning set forth in the preamble.

  • group insurance means insurance, other than creditor’s group insurance and family insurance, whereby the lives of a number of persons are insured severally under a single contract between an insurer and an employer or other person; (“assurance collective”)

  • 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.

  • Franchise insurance means an individual insurance policy provided through a

  • 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.

  • Medicare means the “Health Insurance for the Aged Act,” Title XVIII of the Social Security Amendments of 1965, as then constituted or later amended.

  • Surplus lines insurance means insurance in this State of risks located or to be performed in this State, permitted to be placed through a licensed broker with a nonadmitted insurer eligible to accept the insurance, other than reinsurance, wet marine and transportation insurance, insurance independently procured, and life and health insurance and annuities. Excess and stop‑loss insurance coverage upon group life, accident, and health insurance or upon a self‑insured’s life, accident, and health benefits program may be approved as surplus lines insurance.

  • Reinsured Policies has the meaning assigned to it in the Reinsurance Agreement.

  • Period of Insurance means the period commencing from the retroactive date and terminating on the expiry date as shown in the Policy Schedule.

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

  • Insurance Schedule means Schedule 3 attached hereto.