Reinsured Business definition

Reinsured Business means the Covered Insurance Policies, the Separate Accounts, the portion of the Shared Separate Account that relates to the Covered Insurance Policies, the portion of the Existing Reinsurance Agreements that relates to the Covered Insurance Policies and any Reinsured Liabilities, but expressly excluding any Excluded Liabilities.

Reinsured Business means the business giving rise to the Reinsured Liabilities;

Reinsured Business has the meaning set forth in the Master Transaction Agreement.

Examples of Reinsured Business in a sentence

• Each Eligible ECI shall give written notice to DCMS promptly upon becoming aware of any fact matter or circumstance that might cause it to be unlawful for that Eligible ECI to perform any of its existing or future Reinsured Business.

• As used herein, the term “Program of Internal Replacement” means any program that is initiated, maintained, sponsored or supported by the Ceding Company or any of its Affiliates to offer on a targeted basis to a class of contractholders, insureds or beneficiaries under Covered Insurance Policies to exchange any Covered Insurance Policy or any portion thereof for another policy or contract written by the Ceding Company or any of its Affiliates that is not included in the Reinsured Business.

• Security National Life is assuming only those insurance risks and contractual obligations included within the Reinsured Business of Acadian provided for hereunder, and Security National Life is not assuming hereunder any extra-contractual or other liabilities or obligations of Acadian.

• The Company and, by accepting this Warrant, the Holder each hereby irrevocably waives personal service of process and consents to process being served in any such suit, action or proceeding by mailing a copy thereof via registered or certified mail or overnight delivery (with evidence of delivery) to it at the address in effect for notices to it under this Warrant and agrees that such service shall constitute good and sufficient service of process and notice thereof.

• Acadian and Security National Life agree that, from time to time after the Closing, upon the reasonable request of the other, they will cooperate and will cause their respective affiliates to cooperate with each other to effect the orderly transition of the Reinsured Business from Acadian to Security National Life.

More Definitions of Reinsured Business

Reinsured Business means the underwriting, administration and management of an Eligible ECI’s Eligible Policies with respect to Insured Risks.

Reinsured Business shall have the meaning set forth in Section 3.5(c). “Reinsurers” shall have the meaning set forth in the Recitals. “Reorganization” shall have the meaning set forth in Section 5.1(b). “Representatives” shall have the meaning set forth in Section 5.5.

Reinsured Business has the meaning set forth in the recitals of this Agreement.

Reinsured Business means the business of Sellers and the GWLA Subsidiaries of issuing, underwriting, selling, marketing, delivering, cancelling, assuming from Underlying Companies, ceding to Existing Reinsurers and administering the Covered Insurance Policies and activities necessary therefor, in each case as constituting part of (i) GWLA’s “Individual Markets segment” as conducted as of any relevant date of determination prior to the Closing Date or (ii) the U.S. branch business of CLAC or GWL that is administered by GWLA’s “Individual Markets segment” as conducted as of any relevant date of determination prior to the Closing Date ((i) and (ii) collectively, the “Individual Markets Segment”); provided, that Reinsured Business shall exclude the Excluded Businesses. Sellers covenant and agree that all Covered Insurance Policies are part of the Individual Markets Segment.

Reinsured Business means the business of ELIC (including General Account Liabilities and Separate Account Liabilities (each as defined under the Reinsurance Agreement)) arising under the Reinsured Contracts.

Reinsured Business means the single premium annuity and non-single premium annuity business of the Ceding Companies comprised by the Specified Treaties;

Reinsured Business means (i) all aviation business of American Eagle in force as of March 31, 1997, and (ii) all aviation business written or renewed by American Eagle from March 31, 1997, until the date on which Great American became qualified to issue directly its own policies. For purposes of this Agreement, "RENEWAL PREMIUMS" shall mean all direct written premiums on policies renewing, or being reissued with respect to, Reinsured Business on or after April 1, 1997, less the sum of any returned premiums or cancellations.