Quota Share definition

Quota Share shall have the meaning set forth in Schedule B with respect to the type of Business Reinsured.

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Quota Share means one hundred percent (100%).

Quota Share means 100%.

Examples of Quota Share in a sentence

The Reinsurer shall bear the costs of any non-performance of the reinsurers under the Inuring Reinsurance agreements in proportion to its Quota Share.
If the Reinsurer does not reject the proposed change, the Reinsurer will share, in accordance with its Quota Share, in the increase or decrease in liability as a result of the change in the Business Reinsured.
In exchange for the Reinsurer providing the Ceding Company with the Inuring Reinsurance Premium Allowance in order to pay the premiums under the Inuring Reinsurance agreements, the Reinsurer shall be entitled to a reduction in its liability in proportion to its Quota Share of Inuring Reinsurance Recoveries actually received by the Ceding Company.
With respect to any group of Annuity Contracts to be ceded hereunder issued in the same Periodic Settlement Period and with the same Determination Date (each, a “Reinsured Contract Cohort”), the Ceding Company and the Reinsurer may mutually agree in writing (which may be via e-mail) to adjust the Reinsurer’s Quota Share in respect of such Reinsured Contract Cohort.
Once the Reinsurer’s Quota Share has been set for a Reinsured Contract Cohort, the Reinsurer’s Quota Share for such Reinsured Contract Cohort shall not be adjusted retroactively.

More Definitions of Quota Share

Quota Share means reinsurance that requires the insurer to transfer, and the reinsurer to accept, a given percentage of every risk within a defined category of business written by the insurer;

Quota Share means (i) in relation to an Original Shareholder, its Shareholder Participation divided by the Total Participation, and (ii) in relation to a Debentureholder, the aggregate Adjusted Nominal Amount of its Debentures divided by the Total Participation.

Quota Share means the percentage of reinsurance liability assumed by the Reinsurer as set forth in Section 2.04.

Quota Share means the percentage of risk assumed by the Reinsurer with respect to the Reinsured Policies, as set forth in Schedule A.

Quota Share shall have the meaning specified in Schedule V.

Quota Share means [REDACTED]

Quota Share means fifty percent (50%).