Reinsured Liabilities definition

Reinsured Liabilities means the General Account Liabilities, the Risk Control Separate Account Liabilities, the Declared Rate Separate Account liabilities and the Variable Separate Account Liabilities.

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Reinsured Liabilities has the meaning set forth in the Reinsurance Agreement.

Reinsured Liabilities means, collectively, the General Account Liabilities and the Separate Account Liabilities.

Examples of Reinsured Liabilities in a sentence

Upon the occurrence of a Ceding Company Termination Event, the Ceding Company shall have the right (but not the obligation) to terminate this Agreement and recapture all (but not less than all) of the Reinsured Liabilities by providing written notice of its intent to terminate to the Reinsurer.
Each of the Parties shall maintain the confidentiality of all information related to this Agreement, the Reinsured Liabilities and the Reinsured Contracts.
This Agreement covers any territory in which (a) any Reinsured Guaranteed Benefits are issued or sold, (b) any Contract Owner, annuitant, insured or beneficiary of any Reinsured Guaranteed Benefits is located or (c) there is any claim relating to any Reinsured Liabilities, or otherwise arising under this Agreement.
Subject to the terms and conditions of this Agreement, as of the Effective Time, the Ceding Company hereby cedes to the Reinsurer, and the Reinsurer hereby accepts and reinsures, on an indemnity coinsurance basis, the Reinsurer’s Quota Share of the Reinsured Liabilities.
Subject to the terms and conditions of this Agreement, the Ceding Company hereby cedes to the Reinsurer, and the Reinsurer hereby accepts and reinsures, on a funds withheld coinsurance basis, one hundred percent (100%) of (i) the Existing Liabilities, (ii) the In-Force Liabilities as of the A&R Effective Time and (iii) the Reinsured Liabilities incurred on and after the A&R Effective Time.

More Definitions of Reinsured Liabilities

Reinsured Liabilities means, collectively, the General Account Liabilities and the Separate Account Liabilities; provided, that in no event shall “Reinsured Liabilities” include any Excluded Liabilities.

Reinsured Liabilities means all liabilities and obligations of any nature arising out of or relating to the Reinsured Contracts, including without limitation (i) any loss or allocated loss expense or unearned premium obligation, (ii) Extra Contractual Liabilities and any related attorney fees and other expenses, and (iii) any liabilities and obligations arising out of or relating to a right to purchase additional coverage and obligations arising under legal or regulatory requirements, but excluding Excluded Liabilities.

Reinsured Liabilities shall have the meaning specified in the Reinsurance Agreement.

Reinsured Liabilities has the meaning set forth in Section 2.1.

Reinsured Liabilities has the meaning set forth in Section 3.2(a)(i).

Reinsured Liabilities means the Liabilities reinsured pursuant to this Agreement.

Reinsured Liabilities means (x) all liabilities and obligations (including death claims and other contractual benefits, such as policyholder dividends, cash surrender and withdrawal payments (net of surrender charges and fees), maturities, disability payments and income payments, endowments and interest owed under Applicable Law or the terms of the policy on policy claims) of the Ceding Company under the express terms and conditions of the Covered Insurance Policies (whether paid to a beneficiary or escheated), plus (y) all obligations of the Ceding Company for loss adjustment expenses in respect of the Covered Insurance Policies, including legal fees, court costs, pre-and post-judgment interest, and including costs and expense incurred in connection with interpleader and declaratory judgment actions and responding to subpoenas, as well as charges and expenses contractually incurred through the use of the Ceding Company’s Affiliated claims services or technical services companies providing such contest, compromise or litigation service on the Covered Insurance Policies (but excluding any part of the general office expenses and overhead of the Ceding Company), in each case, net of any such liabilities paid by the Ceding Company that are recoverable by the Ceding Company under the Existing Reinsurance Agreements, plus (z) all Reinsurer Extra-Contractual Obligations, minus