REINSURED POLICY definition

REINSURED POLICY means all Policies reinsured under this Agreement.
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REINSURED POLICY means all policies, binders, slips and other agreements of insurance (including all supplements, endorsements, riders and ancillary agreements in connection therewith) issued or renewed by the RAM Group Companies that have policy periods that become effective during the Policy Term; PROVIDED, HOWEVER, that any policies issued or renewed by a RAM Group Company at any time that it is no longer an Affiliate of Liberty shall not be deemed Reinsured Policies.
Sample 1
REINSURED POLICY shall have the meaning specified in the Reinsurance Agreement. The term “Reinsurer Domiciliary State” shall have the meaning specified in the Reinsurance Agreement. The term “Required Balance” shall have the meaning specified in the Reinsurance Agreement.
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More Definitions of REINSURED POLICY

REINSURED POLICY means buyer credit facility funding covering the Insured’s interest in a of the acquisition by SOTRA (Société des Transports Abidjanais) of 400 Crossway Low Entry 12 M buses and 50 Crealis GNC 18 buses from the Counter Party. For the avoidance of doubt this reinsurance reinsures the Reinsured's liability under the insurance policy schedule only as defined within the Reinsured Policy. Reinsurers means the entities listed as Reinsurers to this Agreement, as more specifically set out in Schedule 2 hereto. Reinsurers’ Maximum Limit of Liability means the Proportionate Share of the Reinsured’s Maximum Liability, calculated in any event as the Reinsurer’s Proportionate Share of the Reinsured Instalments outstanding at any given time, as specified in Schedule 1 hereto, together with upon agreement of the Reinsurer any reasonable pre-Loss expenses and/or reasonable recovery expenses incurred by the Reinsured pursuant to section 14(b) and section 15(b) below.
Sample 1
REINSURED POLICY means each insurance policy, annuity contract or certificate, together with all binders, slips, certificates, endorsements and riders thereto, in each case (excluding any variable universal life insurance policies, contracts or certificates) issued or assumed by the Ceding Company in force prior to or as of 12:01 a.m. (Central Time) on the Effective Date and that is in effect on and from the Effective Date, or that was in effect prior to the Effective Date but is reinstated thereafter in accordance with its terms and Applicable Law. (uu) “Reinsurer” has the meaning set forth in the Preamble. (vv) “Reinsurer’s Quota Share” means 35%. (ww) “Reinsurer Termination Event” means any failure by the Ceding Company (or any successor by operation of law of the Ceding Company, including any receiver, liquidator, rehabilitator, conservator or similar Person of the Ceding Company) to pay any material amount due to the Reinsurer under this Agreement payable by the Ceding Company and not subject to good faith dispute between the Ceding Company and the Reinsurer if such failure has not been cured within thirty (30) calendar days after the Ceding Company’s receipt of written notice thereof from the Reinsurer. (xx) “SAP” means the statutory accounting practices and procedures required or permitted by the insurance regulatory authority of the State of Illinois, consistently applied, as in effect from time to time. (yy) “Statutory Book Value” means, for the purposes of valuing assets being deposited to or in the Funds Withheld Account, the admitted value of such assets on the statutory books and records of the Ceding Company as determined by the Ceding Company in accordance with SAP. (zz) “Statutory Reserves and Liabilities” means the sum of all of the reserve items (including reserve items for claims incurred but not reported, claims in the course of settlement, escheat or abandoned property liabilities, any asset valuation reserves, any interest maintenance reserves and any cash flow testing reserves) maintained by the Ceding Company for all the Reinsured Policies, net of Other Reinsurance calculated in accordance with SAP. (aaa) “Terminal Accounting Date” means: (i) where termination was as of a Natural Termination Date, the Terminal Accounting Date for the Terminal Accounting Period shall be the Natural Termination Date; or (ii) where termination was as of a Payment Failure Termination Date, the Terminal Accounting Date for the Terminal Accounting Period shall be the Paym...
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Related to REINSURED POLICY

  • Reinsured Policies has the meaning assigned to it in the Reinsurance Agreement.

  • Covered policy means a policy of commercial risk insurance, professional liability insurance or public entity insurance.

  • Shared Policies means all Policies, current or past, which are owned or maintained by or on behalf of D&B or any of its Subsidiaries which relate to one or more of the D&B Business, the Cognizant Business or the ACNielsen Business.

  • Reinsurer has the meaning set forth in the preamble.

  • Reinsurers shall be understood to mean “Reinsurers”, “Underwriters” or whatever other term is used in the attached reinsurance document to designate the reinsurer or reinsurers.

  • Reinsurance means the activity consisting in accepting risks ceded by an insurance undertaking or by another reinsurance undertaking or, in the case of the association of underwriters known as Lloyd's, the activity consisting in accepting risks, ceded by any member of Lloyd's, by an insurance or reinsurance undertaking other than the association of underwriters known as Lloyd's;

  • Insured Persons means the person/s named in the Schedule to the Policy, who is/are Resident Indian/s and for whom the insurance is also proposed and appropriate premium paid.

  • Insured Person s year” means a year from the date of commencement of the insured person’s policy, or from the anniversary date of the commencement of the insured person.

  • Lapsed Policy means a Policy which has not acquired the Surrender Value and where the due Premium has not been received till the expiry of the Grace Period;

  • R&W Policy means any buyer-side representations and warranties insurance policy purchased by a Buyer or an Affiliate thereof in connection with this Agreement on or before the Closing Date.

  • Policy Provider means MBIA Insurance Corporation, or any successor thereto.

  • Policy means Related Party Transaction Policy.

  • Insured Contract means any written:

  • Hazard Insurance Policy means, with respect to each Contract, the policy of fire and extended coverage insurance (and federal flood insurance, if the Manufactured Home is secured by an FHA/VA Contract and such Manufactured Home is located in a federally designated special flood area) required to be maintained for the related Manufactured Home, as provided in Section 5.09, and which, as provided in said Section 5.09, may be a blanket mortgage impairment policy maintained by the Servicer in accordance with the terms and conditions of said Section 5.09.

  • D&O Policy has the meaning set forth in Section 6.18(b).

  • 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.

  • Insurance Contract means a contract (other than an Annuity Contract) under which the issuer agrees to pay an amount upon the occurrence of a specified contingency involving mortality, morbidity, accident, liability, or property risk.

  • Ceding Company has the meaning set forth in the preamble.

  • Insured Amounts means, with respect to any Distribution Date, the Deficiency Amount for such Distribution Date.

  • Standard Hazard Insurance Policy means a fire and casualty extended coverage insurance policy in such amount and with such coverage as required by this Agreement.

  • SAP Policies means the operational guidelines and policies applied by SAP to provide and support the Cloud Service as incorporated in an Order Form.

  • Self-insured retention means the individual own risk employer's or group self-insurance association's retained amount of risk under a specific excess insurance policy, before the liability is transferred to an insurance carrier.

  • Insurance carrier means every insurance carrier duly

  • Ceding Commission shall have the meaning specified in Section 5.2.

  • Reimbursement insurance policy means a policy of insurance

  • Insured Risks means fire lightning explosion earthquake storm tempest flood subsidence landslip heave impact terrorism bursting or overflowing of water tanks and pipes earthquake damage by aircraft and other aerial devices or articles dropped there from riot and civil commotion labour disturbance and malicious damage and such other risks as the Academy Trust insures against from time to time subject in all cases to any exclusions or limitations as may from time to time be imposed by the insurers or underwriters;