Transferring Policies means every contract of insurance and reinsurance written, issued, or assumed by or novated to Britannia and includes:
Transferring Policies means all Class A Policies, Class C Policies and Class D Policies, the product names for which are listed in Schedule 1 of the Hong Kong Scheme, underwritten by CLICL prior to 1 September 2023 as part of the CLICL Business and under which any liability remains outstanding at the Effective Date, whether such Policies have been reinstated or have expired, lapsed, matured, surrendered or terminated, and including:
Transferring Policies. Means the with-profits annuity policies of Equitable Life included on the Final Policy List which are not Excluded Policies, Expired Policies or Ineligible Policies. Although the Transferring Policies will not include any Excluded Policies, the Principles of Financial Management will apply equally to the manner in which Prudential is required to carry out its obligations in respect of the Excluded Policies under the Excluded Policies Reassurance Agreement, such that references to Transferring Policies should, for the most part, be treated as including references to the Excluded Policies."Transferring Policies Bonus Series"Means a newly created bonus series in Prudential's DCPSF to which the Transferring Policies will be allocated on the Scheme Effective Date."Transferring Policies Smoothing Account"Means the smoothing account to be held for the Transferring Policies in Prudential's WPSF reflecting the amounts held back or added to annuity payments by way of smoothing as described in Part II, paragraph 5(g)."United Kingdom" or "UK"Means the United Kingdom of Great Britain and Northern Ireland."Up-front Guarantee Charge"Means the amount to be transferred by Equitable Life to Prudential in payment for the acceptance by Prudential's WPSF of the Guarantee Liabilities as described in Part II, paragraph 3(d)(ii)."Up-front Guarantee Charge Transferring Assets"Means certain assets selected by Prudential in accordance with the process described in Part II, paragraph 3(g) which will be transferred to Prudential's WPSF under the Scheme in payment for the acceptance by Prudential's WPSF of the Guarantee Liabilities asdescribed in Part II, paragraph 3(d)(ii).
Examples of Transferring Policies in a sentence
The Transferee shall carry out, perform and complete all of the terms and conditions of the Transferring Policies.
On May 3, 2013 George Carris and DB began liquidating their Fibrocell shares.
In my opinion, having certainty that the Transferring Policies can continue to be serviced lawfully after Brexit is fundamentally important, and will be of considerable importance to the Transferring Policyholders.
The Transferee shall be entitled to any and all defences, claims, counterclaims and rights of set-off under or in respect of the Transferring Policies which would have been available to the Transferor.
The Transferring Policies are currently being administered by the staff of CLICL.
More Definitions of Transferring Policies
Transferring Policies means any policy or policies issued by the Transferor in relation to the Transferring Business which are, or may be deemed to have been, in existence on or prior to the Scheme Effective Date which policies include those listed in Schedule 1 but which shall not include the Excluded Policies or the Residual Policies;
Transferring Policies means the UK general insurance and reinsurance Policies, written for and on behalf of the Transferor (or by a predecessor company of the Transferor and transferred to it) as insurer, reinsurer or retrocessionaire (including without limitation, all endorsements and amendments thereto) that were entered into by the Transferor (including by any predecessor company) prior to the Effective Date and that are carried on by the Transferor as at the Effective Date and as set out below:
Transferring Policies means the Insurance Policies comprised in or relating to the Transferring Business, together or individually as the context may indicate, excluding any Residual Policy until the relevant Subsequent Transfer Date, if any, for each such Residual Policy and excluding the Excluded Policies; Transferring Policyholder means a holder of a Transferring Policy; Transferring Reinsurance Contracts means the Reinsurance Contracts excluding any Reinsurance Contract or part thereof covering:
Transferring Policies shall have the meaning set out in the Scheme;
Transferring Policies means the policies of life insurance for the following products: Investa, Serenity, Infinity, Protecta, Accidenta and Serenity Critical Illness; issued by the Transferor and listed in Schedule 1 as updated at the last month-end prior to the Effective Date; Transferring Policyholder means a holder of a Transferring Policy; In this Scheme of Transfer:
Transferring Policies means Transferring Contracts and Extending Contracts (to the extent that the Extending Contract relates to the Transferring Business); and