Reinsured Contracts definition

Reinsured Contracts means the structured settlements immediate annuity contracts issued by the Company and recorded in the Company’s valuation system on or prior to December 3, 2003 or reinsured by the Company under reinsurance agreements in effect prior to January 1, 2004, and, in each case, written on the policy forms described in Schedule A.

Reinsured Contracts has the meaning set forth in the Indemnity Reinsurance Agreement.

Reinsured Contracts means the contracts described in Exhibit A which is attached hereto and made a part hereof. Notwithstanding anything contrary in this Agreement, Reinsured Contracts: (a) shall, with respect to any group contracts, be deemed to include only certificates issued in New York; (b) shall not include any contract for which any applicable Initial Coinsurance Reinsurance Premium described in Section 5.05, Initial Modco Reinsurance Premium described in Section 5.06, or any adjustment thereto as described in Sections 5.02, 5.03 or 5.08, are not actually transferred to Reinsurer, and (c) shall not include any retained asset account established prior to the Effective Date to pay death benefits under such contract.

Examples of Reinsured Contracts in a sentence

• Such filings will include, without limitation, filings related to the establishment by the Assuming Company of the Assuming Company Separate Accounts to mirror the existing Ceding Company Separate Accounts for the Novation Subject Contracts that constitute Variable Annuity Reinsured Contracts, new registration statements, prospectus supplements and/or disclosures relating to the Novation.

• With respect to any Novated Contracts, as of the applicable Effective Time of such Novated Contracts, the Novated Contracts shall cease to be Reinsured Contracts under the Indemnity Reinsurance Agreement.

• Prior to the first Effective Time as to any Novation Subject Contract that constitutes a NI Modco Accounts Reinsured Contract, the Assuming Company shall establish and maintain one or more non-insulated separate accounts to mirror the Ceding Company’s NI Modco Account for such Novation Subject Contracts, and shall allocate to such separate accounts all assets and liabilities with respect to NI ModCo Accounts Reinsured Contracts that become Novated Contracts in accordance with applicable Law.

More Definitions of Reinsured Contracts

Reinsured Contracts means all policies, contracts, certificates, binders and cover notes of insurance or reinsurance issued by any Reinsured or CNA Insurer, or by any GRM Direct & Assumed, Syndicate, Pool or Association, covering or pertaining to the Business Covered.

Reinsured Contracts means collectively the Existing Reinsured Contracts and the New Reinsured Contracts.

Reinsured Contracts means the Business Reinsured Contracts and the Other Reinsured Contracts.

Reinsured Contracts has the meaning set forth in the Reinsurance Agreement, provided, however, for purposes of this Agreement, Reinsured Contracts shall also include the Net Retained Liabilities Policies and the Conversion Policies.

Reinsured Contracts means (a) those variable annuity contracts of the types described on Schedule C and listed in the seriatim file set forth in Schedule D and are not in payout status as of the Effective Time, and (b) Discovered Contracts that have been reinsured pursuant to Section 2.7, in each case of (a) and (b), including all binders, slips, certificates, applications therefor, supplements, endorsements, settlement options and riders thereto issued or entered into in connection with such contracts.

Reinsured Contracts has the meaning attributed to it in clause 9;

Reinsured Contracts means (i) (a) the individual life (including the BOLI/COLI Contracts other than the Excluded BOLI/COLI Contracts) and individual and group annuity Policies (including annuity Policies in respect of qualified and non-qualified structured settlements) and (b) the individual accident and health policies listed on Schedule D, in each case of (a) and (b), to the extent issued by the Ceding Company outside New York prior to (and in-force as of, or reinstated after) the Closing, (ii) the individual life and annuity Policies issued outside New York after the Closing by the Reinsurer on behalf of the Ceding Company pursuant to the terms of the Administrative Services Agreement and the Distribution Agreement and (iii) the individual life and annuity Policies issued outside New York after the Closing by the Reinsurer on behalf of the Ceding Company pursuant to the terms of the Administrative Services Agreement and the Wholesaling Agreement; provided, however, that the Reinsured Contracts shall not include any Policies included in the Group Benefits Business or Retained Businesses.