Third Party Reinsurers definition

Third Party Reinsurers means reinsurers unaffiliated with the Cedent other than the Reinsurer under this Quota Share Reinsurance Agreement.
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Third Party Reinsurers means all reinsurers which are not affiliates of the Company and all of the special agent reinsurers set forth on Schedule 1.02. For purposes of this definition, the term "affiliates" has the meaning given in Section 107(a)(4) of the New York Insurance Law and includes, without limitation, Viking County Mutual Insurance Company and Commonwealth Lloyds Insurance Company.
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Third Party Reinsurers means reinsurers unaffiliated with the Indemnitees other than the Indemnitor; and (iv) “Closing” means the closing of the transactions contemplated by the Stock Purchase Agreement, dated as of August 2, 2005 (the “Stock Purchase Agreement”), by and among the Indemnitor and the other parties thereto: Each of the Indemnitees agrees to provide prompt written notice to the Indemnitor upon becoming aware of a claim or demand for reimbursable Losses hereunder. In the event an Indemnified Person shall have a claim for indemnity against the Indemnitor under the terms of this Agreement, the parties shall, except as set forth in Section 16 hereof, follow the procedures set forth in Sections 13.6 through 13.9 of the Stock Purchase Agreement.
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Examples of Third Party Reinsurers in a sentence

  • The Company shall, if requested by an Assuming Reinsurer, provide reasonable assistance to the Assuming Reinsurer, at such Assuming Reinsurer's expense, in collection of all amounts due in respect of the Insurance Liabilities from Third Party Reinsurers which do not have or agree to an endorsement to Third Party Reinsurance Agreements and shall forward any funds collected to the Assuming Reinsurer.

  • The reinsurance provided by this Quota Share Reinsurance Agreement applies gross disregarding any reinsurance with Third Party Reinsurers.

  • The Company and each applicable Assuming Reinsurer shall, at the expense of such Assuming Reinsurer, each use its best efforts to the extent mutually agreed to be necessary, to cause the Third Party Reinsurers of the Company, under the applicable Third Party Reinsurance Agreements to post replacement letters of credit to be issued directly in favor and for the benefit of the Assuming Reinsurer in the same or a greater amount, unless such Assuming Reinsurer shall consent to a reduced amount.

  • Such rights and liabilities of the Company relating to the Insurance Policies under any Third Party Reinsurance Agreement include amounts held by or which may become due from Third Party Reinsurers for losses or loss adjustment expenses on the Insurance Policies for which the Assuming Reinsurer assumed liability or for losses paid by the Company prior to the Effective Date.


More Definitions of Third Party Reinsurers

Third Party Reinsurers means the reinsurers under the Third Party Reinsurance Agreements.
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Third Party Reinsurers shall have the meaning provided in the Master Transaction Agreement.
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Related to Third Party Reinsurers

  • 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.

  • Third Party Reports With respect to any Mortgaged Property, the related Appraisal, Phase I environmental report, Phase II environmental report, seismic report or property condition report, if any.

  • Insurers means the underwriters or insurance companies with whom any Insurance is effected and the manager of any protection and indemnity or war risks association in which the Vessel may at any time be entered;

  • Third Party Notes means, save to the extent provided otherwise above, those Notes of the relevant Series outstanding other than those Notes outstanding which are held by or for the benefit of the Issuer.

  • Environmental Insurance Policy means, with respect to any Mortgage Loan or the related Mortgaged Property or REO Property, any insurance policy covering pollution conditions and/or other environmental conditions that is maintained from time to time in respect of such Mortgage Loan, Mortgaged Property or REO Property, as the case may be, for the benefit of, among others, the Trustee on behalf of the Certificateholders.

  • Insurance Regulator any Person charged with the administration, oversight or enforcement of any Insurance Regulation.

  • Medical malpractice insurance means insurance against legal liability incident to the practice and provision of a medical service other than the practice and provision of a dental service.

  • Property Reinvestment Application means, with respect to any Asset Sale, the application of an amount equal to the Net Proceeds Amount with respect to such Asset Sale to the acquisition by the Borrower or any Subsidiary of operating assets of the Borrower or such Subsidiary to be used in the principal business of such Person as conducted immediately prior to such Asset Sale.

  • Third-Party Release means the release given by each of the Releasing Parties to the Released Parties as set forth in Article VIII.E of the Plan.

  • Insurance score means a number or rating that is derived from an algorithm, computer application, model, or other process that is based in whole or in part on credit information for the purposes of predicting the future insurance loss exposure of a consumer.

  • Reinsurance intermediary means a reinsurance intermediary-broker or a reinsurance intermediary-manager.

  • Insurance Consultant or "consultant" means a person who:

  • Insurer means a person who insures or guarantees for the benefit of the mortgagee all or any portion of the risk of loss upon borrower default on any of the mortgage loans originated, purchased or serviced by the Company or any of its Subsidiaries, including the Federal Housing Administration, the United States Department of Veterans’ Affairs, the Rural Housing Service of the U.S. Department of Agriculture and any private mortgage insurer, and providers of hazard, title or other insurance with respect to such mortgage loans or the related collateral.

  • Insurance Contracts means the insurance or annuity policies and contracts, together with all binders, slips, certificates, endorsements and riders thereto, issued or entered into by any Insurance Company prior to the Closing.

  • Third Party Request means a written request from any third party for disclosure of Personal Data where compliance with such request is required or purported to be required by law or regulation.

  • Third Party Royalties means any royalties or license fees owing to a Third Party attributable to the manufacture, use or sale of Products and in consideration of a license under any patent which such Product would otherwise infringe.

  • Third Party Applications means online, Web-based applications and offline software products that are provided by third parties and are identified as third-party applications, including but not limited to those listed on the AppExchange and the Reseller Application.

  • Third Party Contractor as used in the Student Data Protection Act and “Operator” as used in COPPA. De-Identified Information (DII): De-Identification refers to the process by which the Contractor removes or obscures any Personally Identifiable Information (“PII”) from Education Records in a way that removes or minimizes the risk of disclosure of the identity of the individual and information about them.

  • Insurance Affordability Program means a program that is one of the following:

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

  • 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;

  • The Insured means the person specified as such in the Schedule.

  • Reinsurer has the meaning set forth in the preamble.

  • 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.

  • Insurance Provider s Tender” means the completed Tendering Document submitted by the Insurance Provider to the Procuring Entity

  • insurance intermediary means any natural or legal person, other than an insurance or reinsurance undertaking or their employees and other than an ancillary insurance intermediary, who, for remuneration, takes up or pursues the activity of insurance distribution;