Underlying Reinsurance Agreement definition

Underlying Reinsurance Agreement shall have the meaning set forth in Section 3.28(c).
Sample 1Sample 2Sample 3
Underlying Reinsurance Agreement means each of (a) that certain AmTrust Intercompany Reinsurance Agreement, effective June 1, 2006, by and among Technology Insurance Company, Inc. ("Technology"), Rochdale Insurance Company ("Rochdale"), Wesco Insurance Company ("Wesco") and the Company, (b) that certain 70% Whole Account Quota Share Reinsurance Agreement, effective as of July 1, 2006, by and between IGI Insurance Company Limited ("IGI") and the Company, (c) that certain Quota Share Reinsurance Agreement, effective as of May 1, 2007, by and between AmTrust International Underwriters, Ltd. ("AIU") and the Company, and (d) any other reinsurance agreement entered into from time to time after the date hereof by and between an Affiliate, as ceding company, including without limitation AIIC, and the Company, as reinsurer.
Sample 1Sample 2Sample 3
Underlying Reinsurance Agreement means a Coinsurance Agreement set out in redacted form in Annexure A to this Agreement entered into between the Retrocedant and the Ceding Company on [***] whereby certain [***] business written by the Ceding Company was reinsured by the Retrocedant.
Sample 1Sample 2

Examples of Underlying Reinsurance Agreement in a sentence

  • Neither this Article VIII, nor any other provision of this Agreement nor any applicable Covered Insurance Policy or Underlying Reinsurance Agreement, shall be construed in a manner which would subject the Ceding Company or the Reinsurer to liability for duplicative payment of Reinsured Liabilities reinsured under this Agreement.

  • All premium and loss payments hereunder shall be in the currency designated in the applicable Underlying Reinsurance Agreement.

  • All correspondence from either the Ceding Company or the Reinsurer to any policyholder under any Covered Insurance Policy or to any Underlying Company under any Underlying Reinsurance Agreement as applicable, in connection with any such proposed novation shall be in a form approved by the other Party; provided that any such approval shall not be unreasonably withheld, conditioned or delayed.

  • Any such payment by the Reinsurer shall discharge the Ceding Company from its related payment obligation under the subject Covered Insurance Policy or Underlying Reinsurance Agreement to the extent of such payment and shall be treated as a payment by the Ceding Company for all purposes of such Covered Insurance Policy or Underlying Reinsurance Agreement and related documentation and otherwise.

  • Any Covered Insurance Policy or Underlying Reinsurance Agreement that is novated to the Reinsurer pursuant to this Section shall cease to be a Covered Insurance Policy or an Underlying Reinsurance Agreement upon the effectiveness of such novation.

  • In connection with the recapture of an Underlying Reinsurance Agreement, the Ceding Company shall prepare a settlement statement within twenty (20) Business Days of the Underlying Reinsurance Recapture Date (the “Underlying Reinsurance Terminal Settlement Statement”) setting forth the terminal settlement calculated in accordance with Schedule 9.05(a) (the “Partial Terminal Settlement”).

  • The Ceding Company shall, and shall cause its Affiliates to, at all times, enforce any and all of its or their rights under the Ceded Reinsurance Agreements, the Underlying Reinsurance Agreements and the Related Agreements, as set forth in this paragraph, to the extent reasonably practicable and in compliance with Applicable Law and the terms of the applicable Ceded Reinsurance Agreement, Underlying Reinsurance Agreement or the Related Agreements and the terms of the applicable Reinsured Policies.

  • At the Reinsurer's instruction and expense and subject to obtaining all applicable approvals from any Person, the Ceding Company shall effect any such action with respect to any such proposed novation as the Reinsurer shall reasonably request, including sending correspondence requesting that a Covered Insurance Policy or Underlying Reinsurance Agreement be novated to the Reinsurer or a designated Affiliate of the Reinsurer in a form approved by the Reinsurer.

  • Whenever providing a calculation of the Required Collateral Amount in accordance with this Clause 6.1, the Retrocedant shall use up to date best estimate cash flows prepared in accordance with such due skill, care and diligence that would be reasonably expected of a reinsurer in the Retrocedant's position and transacting reinsurance business in the Japanese life and health reinsurance market that is similar to the business reinsured under the Underlying Reinsurance Agreement.

  • Any Underlying Reinsurance Agreement that is novated to the Reinsurer pursuant to this Section shall cease to be an Underlying Reinsurance Agreement upon the effectiveness of such novation.


More Definitions of Underlying Reinsurance Agreement

Underlying Reinsurance Agreement means each of the following agreements:
Sample 1Sample 2
Underlying Reinsurance Agreement means that certain Annuity Reinsurance Agreement, dated as of the date hereof, by and between the Direct Insurer, as ceding company, and the Company, as reinsurer, a copy of which is attached hereto at Exhibit 2.
Sample 1Sample 2
Underlying Reinsurance Agreement means that certain Reinsurance Agreement, effective as of December 31, 2009, between the Beneficiary, as reinsurer thereunder, and the Underlying Ceding Company, as ceding insurer thereunder.
Sample 1Sample 2
Underlying Reinsurance Agreement has the meaning specified in Section 5.17(b).
Sample 1
Underlying Reinsurance Agreement means each written contract, agreement, instrument or other legally binding and enforceable commitment or under which any of the Ceding Companies or the applicable counterparties have continuing rights or obligations and whereby Reinsured Policies are assumed by PLA, PRL or UA, as applicable. Each Ceding Company has made available to Buyer true, correct and complete copies of each Underlying Reinsurance Agreement that is in force on the date of this Agreement, and all material amendments and assignments thereto.
Sample 1

Related to Underlying Reinsurance Agreement

  • 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.

  • 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.

  • Insurance Agreement means the insurance and indemnity agreement identified in the Adoption Annex.

  • 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;

  • Retrocession Agreement means any agreement, contract, treaty or other arrangement whereby one or more insurers or reinsurers, as retrocessionaires, assume liabilities of reinsurers under a Reinsurance Agreement or other retrocessionaires under another Retrocession Agreement.

  • 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.

  • Reinsurer has the meaning set forth in the preamble.

  • variable insurance contract means a contract of life insurance under which the interest of the purchaser is valued for purposes of conversion or surrender by reference to the value of a proportionate interest in a specified portfolio of assets.

  • Underlying Agreement means an agreement that is an underlying agreement for the purposes of paragraph 48 or Schedule 6 to the Act.

  • reinsurance undertaking means reinsurance undertaking as defined in point (4) of Article 13 of Directive 2009/138/EC;

  • FHA Mortgage Insurance Contract means the contractual obligation of the FHA respecting the insurance of a Mortgage Loan.

  • Cash Value Insurance Contract means an Insurance Contract (other than an indemnity reinsurance contract between two insurance companies) that has a Cash Value greater than $50,000.

  • Ceding Company has the meaning set forth in the preamble.

  • Insurance Schedule means Schedule 3 attached hereto.

  • Lease Agreement means the bargain, with respect to the lease, of the lessor and the lessee in fact as found in their language or by implication from other circumstances including course of dealing or usage of trade or course of performance as provided in this article. Unless the context clearly indicates otherwise, the term includes a sublease agreement.

  • Medicare supplement policy means a group or individual policy of [accident and sickness] insurance or a subscriber contract [of hospital and medical service associations or health maintenance organizations], other than a policy issued pursuant to a contract under Section 1876 of the federal Social Security Act (42 U.S.C. Section 1395 et. seq.) or an issued policy under a demonstration project specified in 42 U.S.C. § 1395ss(g)(1), which is advertised, marketed or designed primarily as a supplement to reimbursements under Medicare for the hospital, medical or surgical expenses of persons eligible for Medicare. “Medicare supplement policy” does not include Medicare Advantage plans established under Medicare Part C, Outpatient Prescription Drug plans established under Medicare Part D, or any Health Care Prepayment Plan (HCPP) that provides benefits pursuant to an agreement under §1833(a)(1)(A) of the Social Security Act.

  • CMPPA Agreement means the CMPPA Agreement between the SSA and CHHS.

  • Labor peace agreement means an agreement between an entity and a

  • Data Sharing Agreement A formal agreement that documents what data is being shared and how the data can be used between the Parties. ‘‘Data Sharing Code of Practice” the code of practice issued by the Information Commissioner in respect to the sharing of personal data.

  • 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.

  • Master Lease Agreement has the meaning set forth in Section 7.2(c)(xiv).

  • Finance agreement means a loan, lease, or installment sale agreement for a motor vehicle. The term includes, but is not limited to, an installment sale contract, a retail installment contract, or a retail charge agreement.

  • Insurance Assignment means the valid and effective first legal assignment of the Insurances (together with the notice thereof), to be executed by the Borrower in respect of the Vessel in favour of the Trustee and the Commercial Loan Trustee, such assignment and notice to be in the form and on the terms and conditions required by the Agent, the Hermes Agent and the Commercial Loan Agent and agreed on the signing of the Original Loan Agreement and as specified in paragraph 47 of Schedule 4;

  • Data Use Agreement means the agreement incorporated into the Contract to facilitate creation, receipt, maintenance, use, disclosure or access to Confidential Information.

  • Insurance Policy With respect to any Mortgage Loan included in the Trust Fund, any insurance policy, including all riders and endorsements thereto in effect, including any replacement policy or policies for any Insurance Policies.

  • mortgage agreement ’ means the note or debt instrument and the mortgage instrument, deed of trust instrument, trust deed, or instru- ment or instruments creating the mortgage, including any instrument incorporated by ref- erence therein (including any applicable regu- latory agreement), and any instrument or agreement amending or modifying any of the foregoing;