Reinsurance Contract means a contract entered into by a special purpose financial captive insurance company and a ceding insurer by which the special purpose financial captive insurance company agrees to provide reinsurance to the ceding insurer for risks associated with the ceding insurer's insurance or reinsurance business.

Reinsurance Contract means a contract whereby an insurer reinsures the risk insured by him, or part of that risk, with another insurer or reinsurer;

Reinsurance Contract has the meaning set forth in Section 3.19(f).

Examples of Reinsurance Contract in a sentence

In the event Retrocedant or Retrocessionaire is held liable to pay any punitive, exemplary, compensatory or consequential damages because of alleged or actual bad faith or negligence related to the handling of any claim under any Reinsurance Contract or otherwise in respect of such Reinsurance Contract, the parties shall be liable for such damages in proportion to their responsibility for the conduct giving rise to the damages.
Except as otherwise specifically provided for in Article XIV of this Agreement, nothing in this Agreement is intended or shall be construed to give any Person, other than the parties hereto, their successors and permitted assigns, any legal or equitable right, remedy or claim under or in respect of this Agreement or any provision contained herein, and Retrocessionaire shall not be directly liable hereunder to any reinsured under any Reinsurance Contract.
Notwithstanding the foregoing, each party shall provide to the other party any information in its possession regarding the Reinsurance Contract as reasonably required by the other party to make such filings and in a form as agreed to by the parties.
This Agreement shall be continuous as to the Reinsurance Contract.
The rights of the parties under this Article XIII shall survive termination of this Agreement and shall continue for as long as there may be liabilities under the Reinsurance Contract or reporting or retention requirements under applicable law.

More Definitions of Reinsurance Contract

Reinsurance Contract means an insurance contract under which one insurer, called the reinsurer, indemnifies, or otherwise compensates, another insurer, called the cedant, against losses on one or more contracts of insurance entered into by the cedant;

Reinsurance Contract means a contract between an affiliated

Reinsurance Contract means a contract between an LPS and a ceding insurer pursuant to which the LPS agrees to provide reinsurance to the ceding insurer for risks.

Reinsurance Contract means a short-term reinsurance contract or a long-term reinsurance contract, as the case may be, irrespective of the form in which the rights and obligations of the parties thereto are expressed or created, which constitutes any class of insurance business;

Reinsurance Contract means any contractual arrangement whereby some element of risk contained in the rules of the medical scheme is transferred to a reinsurer in return for some consideration;

Reinsurance Contract means a contract between an affiliated reinsurance company and a ceding insurer pursuant to which the affiliated reinsurance company agrees to provide reinsurance to the ceding insurer.

Reinsurance Contract means a reinsurance contract between TMK, as reinsurer, and a Ceding Company pursuant to which TMK, as reinsurer, assumes certain liabilities of the Ceding Company with respect to one or more Insurance Contracts.