Third Party Reinsurance definition

Third Party Reinsurance means reinsurance of the Reinsured Policies placed with third party reinsurers as identified and summarized in Exhibit II (as such Exhibit II may be amended from time to time).

Third Party Reinsurance means all contracts of reinsurance with The Maritime Life Assurance Company and with independent parties unaffiliated with the Company or any of its Affiliates under which the Company's Reserves and Liabilities with respect to the Coinsured Policies or some portion thereof are transferred, whether or not such contracts of reinsurance are also applicable to business other than the Coinsured Policies.

Third Party Reinsurance means all third-party reinsurance of the Company with respect to the Commuted Business in effect as of the Effective Time.

Examples of Third Party Reinsurance in a sentence

• The Reinsurer’s Quota Share of Covered Liabilities shall be reduced, but not below zero, by the Reinsurer’s Quota Share of Third Party Reinsurance for Covered Liabilities in accordance with the respective terms thereof, to the extent such Third Party Reinsurance is actually collected.

• The Ceding Company shall pay to the Reinsurer the Reinsurer’s Quota Share of all ceding commissions and any Premium Tax or other expense allowances collected by the Ceding Company from the reinsurers under Third Party Reinsurance.

• Claim amounts less than or equal to $250,000 (net of amounts recoverable under Third Party Reinsurance) will be reported by the Ceding Company to the Reinsurer on a bordereau basis, and all other Claims shall be reported on an individual basis, in each case in accordance with Section 8.1.

• The Company shall promptly reimburse MetLife for all amounts not obtained from Company Group Third Party Reinsurance arising from or relating to a breach of this provision, and the Company agrees to waive any defense that such amounts are speculative or not capable of certain calculation to a claim by MetLife for reimbursement under this provision.

• Notwithstanding any other provision of this Administrative Services Agreement to the contrary, no Party shall have authority to commute any Third Party Reinsurance Agreements which relates to the Business Covered without the written consent of the other Party.

More Definitions of Third Party Reinsurance

Third Party Reinsurance means all reinsurance and retrocession agreements between Folksam (as Cedant) and third party reinsurers (as reinsurer or retrocessionaire) inuring to the benefit of the Retained Business.

Third Party Reinsurance has the meaning given in the Reinsurance Agreement. Capitalized terms used in this Exhibit G but not defined herein shall have the meanings assigned to them in the Reimbursement Agreement. An [*] represents confidential information that has been omitted and filed separately with the Securities and Exchange Commission. Schedule A to Exhibit G: Projected In-Force Face Amounts and Expected Claims Value as of 3/31 Projected Inforce Face Amount Annual Expected Claims 2010 * * 2011 * * 2012 * * 2013 * * 2014 * * 2015 * * 2016 * * 2017 * * 2018 * * 2019 * * 2020 * * 2021 * * 2022 * * 2023 * * 2024 * * 2025 * * 2026 * * 2027 * * 2028 * * 2029 * * 2030 * * 2031 * * 2032 * * An [*] represents confidential information that has been omitted and filed separately with the Securities and Exchange Commission. 2033 * * 2034 * * 2035 * * 2036 * * 2037 * * 2038 * * 2039 * * An [*] represents confidential information that has been omitted and filed separately with the Securities and Exchange Commission. Exhibit H PARENT ACCOUNT AMOUNT Parent Account Required Balance for the Calendar Year Year Balance of LOC Service Account ($amounts in millions) 2009 * 2010 * 2011 * 2012 * 2013 * 2014 * 2015 * 2016 * 2017 * 2018 * An [*] represents confidential information that has been omitted and filed separately with the Securities and Exchange Commission.

Third Party Reinsurance means all reinsurance coverage of risks under the Covered Policies to which the Company is a party at the applicable time, other than (i) the reinsurance provided under this Agreement, and (ii) immediately upon Recapture or Commutation, reinsurance which is Recaptured or Commuted pursuant to Section 5(k) of the Master Agreement or in accordance with the terms of this Agreement, including Section 8(a)(v) hereof. For the avoidance of doubt, concurrently with any Specified Policy becoming a Covered Policy under Section 6(h), 6(i) or 6(j), any third party reinsurance coverage of risks under such Specified Policy shall be included in the term “Third Party Reinsurance”, including for purposes of Sections 8(a)(v) and 8(a)(vi).

Third Party Reinsurance means all third-party reinsurance of Ceding Company with respect to the Covered Policies in effect on and after the Effective Date.

Third Party Reinsurance has the meaning given to it in the Loss Portfolio Transfer Agreement.

Third Party Reinsurance. Agreements shall mean the third party reinsurance agreements listed on Exhibit B to this Agreement, under which FLIC cedes a portion of its net risk retained under the Policies.

Third Party Reinsurance means any contract of reinsurance to which the Transferor is party in the capacity of cedant (other than the LPTA and the two quota share reinsurances underwritten respectively by Hamburger Internationale Ruckverischerungs AG and Rampart Insurance Company) to the extent that it provides cover in respect of a Transferred Policy;