Reinsurance Agreement definition

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.

Reinsurance Agreement means any agreement, contract, treaty, certificate or other arrangement whereby any Regulated Insurance Company agrees to transfer, cede or retrocede to another insurer or reinsurer all or part of the liability assumed or assets held by such Regulated Insurance Company under a policy or policies of insurance issued by such Regulated Insurance Company or under a reinsurance agreement assumed by such Regulated Insurance Company.

Reinsurance Agreement means an agreement between two parties by which an insurer cedes to a reinsurer certain liabilities arising from the in- surer’s sale of insurance policies.

Examples of Reinsurance Agreement in a sentence

• Xxxx- xxxxxxx shall be executed on reinsur- ance agreement forms: Standard Form 273 (Reinsurance Agreement for a Mil- ler Act Performance Bond), Standard Form 274 (Reinsurance Agreement for a Xxxxxx Act Payment Bond), and Stand- ard Form 275 (Reinsurance Agreement in Favor of the United States for other types of Federal bonds).

• At and as of the Closing Effective Time, the Company will be entitled to take full credit in its financial statements pursuant to Applicable Law for all reinsurance ceded pursuant to any Reinsurance Agreement to which the Company is then a party.

• There are no separate written or oral agreements between the Company (or its Affiliates) and any assuming reinsurer or other Person that would under any circumstances, reduce, limit, mitigate or otherwise affect any actual or potential recoveries by the Company under any Reinsurance Agreement, other than inuring Contracts that are explicitly defined in such Reinsurance Agreement.

• This Agreement (including all exhibits hereto), together with the Stock Purchase Agreement and the LPT and Quota Share Reinsurance Agreement, constitutes the entire agreement regarding the Administrative Services and supersedes all prior agreements and understandings regarding the Administrative Services, whether written or oral, among the parties with respect to the matters contemplated hereby.

• At the Closing, Seller shall deliver to Buyer a guaranty substantially in the form attached hereto as Exhibit G (the “Guaranty”), whereby QBE Insurance Group Limited shall guaranty the obligations of Seller, and Seller’s Affiliates as applicable, under this Agreement, the Administrative Services Agreement and the LPT and Quota Share Reinsurance Agreement.

More Definitions of Reinsurance Agreement

Reinsurance Agreement has the meaning set forth in the recitals.

Reinsurance Agreement any agreement, contract, treaty, certificate or other arrangement whereby any Insurance Subsidiary agrees to assume from or reinsure an insurer or reinsurer for all or part of the liability of such insurer or reinsurer under a policy or policies of insurance issued by such insurer or reinsurer.

Reinsurance Agreement means any agreement, contract, treaty or other arrangement whereby one or more insurers, as reinsurers, assume liabilities of one or more insurance or reinsurance companies.

Reinsurance Agreement means any agreement, contract, treaty, certificate or other arrangement whereby any Insurance Subsidiary agrees to transfer, cede or retrocede to another insurer or reinsurer all or part of the liability assumed or assets held by such Insurance Subsidiary under a policy or policies of insurance issued by such Insurance Subsidiary or under a reinsurance agreement assumed by such Insurance Subsidiary.

Reinsurance Agreement means an inward reinsurance agreement

Reinsurance Agreement means a contract whereby an assuming reinsurer has accepted risk ceded by an insurer or reinsurer;

Reinsurance Agreement shall have the meaning specified in the Preamble.