Retrocedent definition

Retrocedent has the meaning set forth in the Preamble.
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Retrocedent or whatever other word is employed throughout the text of the reinsurance agreement to which this clause is attached to designate the company or companies reinsured.)
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Retrocedent means Guggenheim Life and Annuity Company, an insurance company domiciled in Delaware.
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Examples of Retrocedent in a sentence

  • The Retrocessionaire is hereby authorized and directed to undertake all such actions on behalf of the Retrocedent.

  • During the pendency of such claim, the Retrocessionaire may investigate such claim and interpose, at its own expense, in the proceeding where such claim is to be adjudicated, any defense or defenses that it may deem available to the Retrocedent or its liquidator, receiver, conservator or statutory successor.

  • The expense thus incurred by the Retrocessionaire shall be chargeable, subject to the approval of the court, against the Retrocedent as part of the expense of conservation or liquidation to the extent of a pro rata share of the benefit which may accrue to the Retrocedent solely as a result of the defense undertaken by the Retrocessionaire.

  • Any dispute or other matter in question relating to this Agreement that cannot be resolved by the Retrocedent and the Retrocessionaire arising out of, or relating to, the formation, interpretation, performance or breach of this Agreement, whether such dispute arises before or after termination of this Agreement, will be subject to arbitration.

  • While this Agreement continues in effect, the Retrocedent shall retrocede and the Retrocessionaire shall accept, as indemnity retrocessions hereunder, Reinsured Contracts that are issued by Cedents on and after July 1, 2001.

  • The Retrocedent shall provide information about each proposed Reinsured Contract in such scope and format as may be agreed.

  • For a Special Acceptance, the Retrocedent shall report to the Retrocessionaire, as promptly as possible, each Reinsured Contract that is proposed for special acceptance, including proposed Reinsured Contracts that are pending acceptance by the Retrocedent.

  • The Retrocessionaire shall indemnify the Retrocedent under this Agreement only for benefit claims that the Retrocedent paid to the Cedent as contractually required under a Reinsured Contract with respect to deaths that occur on or after the Effective Date, subject to the liability limitations described in Article I.

  • The Retrocedent may propose for special acceptance hereunder Reinsured Contract liabilities that are not automatically retroceded hereunder for Spousal Continuances for GMDB as discussed under Article V, Paragraph J, and contracts with certain issue dates as set forth in Schedule A, Paragraph B.

  • The Retrocedent agrees to abide by the claim settlements of the Retrocessionaire.