Unaffiliated Reinsurers definition

Unaffiliated Reinsurers means reinsurers unaffiliated with the Cedent other than the Reinsurer under this Quota Share Reinsurance Agreement.
Sample 1
Unaffiliated Reinsurers means reinsurers who are not Affiliates of Seller.
Sample 1
Unaffiliated Reinsurers means reinsurers unaffiliated with Cedent other than Reinsurer.
Sample 1

Examples of Unaffiliated Reinsurers in a sentence

  • As of the Effective Date, Cedent hereby cedes to Reinsurer, and Reinsurer hereby accepts and agrees to reinsure and indemnify Cedent for, one hundred percent (100%) of all Reinsured Liabilities, net of (i) collectible reinsurance from Unaffiliated Reinsurers and (ii) collectible allocated reinsurance recoveries under the Terrorism Treaties as allocated pursuant to the loss allocation methodology set forth on SCHEDULE 2.1 (the "Terrorism Loss Allocation Methodology").

  • If any expenses or other amounts are paid by way of indemnification to a director or officer, other than by court order or action by the members, the chapter shall prepare a statement specifying the person(s) paid, the amount, and the nature and status of such litigation or threatened litigation at the time of such payment.

  • Cedent and Reinsurer wish to transfer to the Reinsurer the net liability (net of collectible reinsurance obtained from Unaffiliated Reinsurers [and after any cessions to the Cedent under any Inter-Company Reinsurance Agreement](1)) relating to certain fidelity, fiduciary liability and surety business pursuant to this Quota Share Reinsurance Agreement.

  • Cedent and Reinsurer wish to transfer to the Reinsurer the net liability (net of reinsurance obtained from Unaffiliated Reinsurers and after any cession to RIC under any Inter-Company Reinsurance Agreement) relating to certain fidelity (including burglary), fiduciary liability and surety business pursuant to this Loss Portfolio Reinsurance Agreement.

  • The reinsurance provided by this Loss Portfolio Reinsurance Agreement applies after application of any inuring treaty or facultative reinsurance with Unaffiliated Reinsurers and after any cession to RIC under any Inter-Company Reinsurance Agreement, whether or not collectible.

  • In the event that there is reinsurance provided by Unaffiliated Reinsurers that relates to the Reinsured Contracts or the Reinsured Liabilities, the amount of Reinsurer's liability under this RIC (Landmark) Quota Share Reinsurance Agreement will be increased by reason of the inability of Cedent to collect any reinsurance from any such Unaffiliated Reinsurer, whether specific or general, that may have become due from them, whether that inability arises from insolvency or otherwise.

Related to Unaffiliated Reinsurers

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

  • 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.

  • 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;

  • insurance business means one or more aspects of the business of selling, issuing or underwriting insurance or reinsurance.

  • 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;

  • Reinsurer has the meaning set forth in the preamble.

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

  • Insured Contract means any written:

  • Insurance carrier means every insurance carrier duly

  • Insurance Subsidiary means any Subsidiary that is licensed by any Applicable Insurance Regulatory Authority to conduct, and conducts, an Insurance Business.

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

  • Insurance Companies means the companies with whom the Insurance Policies are held.

  • Captive Insurance Subsidiary means any Subsidiary of the Company that is subject to regulation as an insurance company (or any Subsidiary thereof).

  • 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.

  • Reinsurance Agreements means any agreement, contract, treaty, certificate or other arrangement by which any Insurance Subsidiary agrees to transfer or cede to another insurer all or part of the liability assumed or assets held by it under one or more insurance, annuity, reinsurance or retrocession policies, agreements, contracts, treaties, certificates or similar arrangements. Reinsurance Agreements shall include, but not be limited to, any agreement, contract, treaty, certificate or other arrangement that is treated as such by the applicable Department.

  • Health insurance carrier or "carrier" means any entity subject to the insurance

  • Flood Insurance Study (FIS means an examination, evaluation, and determination of flood hazards, corresponding water surface elevations (if appropriate), flood hazard risk zones, and other flood data in a community issued by the FEMA. The Flood Insurance Study report includes Flood Insurance Rate Maps (FIRMs) and Flood Boundary and Floodway Maps (FBFMs), if published.

  • 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.

  • Reinsurance Agreement means any agreement, contract, treaty or other arrangement whereby one or more insurers, as reinsurers, assume liabilities under insurance policies or agreements issued by another insurance or reinsurance company or companies.

  • Third-party logistics provider means a person that provides or coordinates warehousing of or other logistics services for a drug or device in interstate commerce on behalf of a manufacturer, wholesale distributor, or dispenser of the drug or device but does not take ownership of the product or have responsibility for directing the sale or disposition of the product.

  • Health care insurer means a disability insurer, group

  • Covered policy means a policy of commercial risk insurance, professional liability insurance or public entity insurance.

  • Insurance producer means a person required to be licensed under the laws of this state to sell, solicit or negotiate insurance, including annuities.

  • COVID-19 Pandemic means the SARS-Cov2 or COVID-19 pandemic, including any future resurgence or evolutions or mutations thereof and/or any related or associated disease outbreaks, epidemics and/or pandemics.

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

  • Ceding Commission shall have the meaning specified in Section 5.2.