Transferring Policy definition
Transferring Policy means any Policy or reinsurance policy, including any endorsements or amendments thereto, underwritten by the Transferor under which any liability or contingent liability remains unsatisfied or outstanding at the Effective Date, excluding the Excluded Policies;
Transferring Policy means any Policy (that is not an Excluded Policy; for the avoidance of doubt, there are expected to be no excluded policies), including any endorsements or amendments thereto, ever underwritten by the Transferor and forming part of the Transferring Business under which any liability or contingent liability remains unsatisfied or outstanding at the Scheme Date;
Examples of Transferring Policy in a sentence
All references in a Transferring Policy to the relevant Transferor or its Group Undertakings shall, where the context requires, be read and construed with effect on and from the Effective Date as references to the Transferee and its Group Undertakings.
To the extent that an authority has been given to the Transferor in connection with a Transferring Policy by the Policyholder thereof or by any other relevant person, whether pursuant to the Personal Information Protection Act 2016 or otherwise, such authority shall, on and after the Effective Date, be deemed to have been given to the Transferee and any agent or contractor of the Transferee for the purposes set out in section 15.2.