XOL definition

XOL has the definition set forth in Article 7, Section 2.
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XOL has the definition set forth in Article 7, Section 2. 4) This Article 34 shall survive termination of this Agreement. Agreement CR 4652 Page 38 In witness whereof, the Parties hereto by their respective duly authorized representatives have executed this Agreement, in good faith, in duplicate for and on behalf of: The Ceding Company Date and place: New York, NY, on 1/29/2021 Signature: By: /s/ ▇▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇ Title: CFO The Reinsurer Date and place: Paris, on January 29th, 2021 Signature: By: /s/ ▇▇▇▇▇▇▇ ▇▇ ▇▇▇▇▇▇▇ Title: CEO AXA France Vie This Agreement applies to all ACA-Compliant individual health insurance policies and ACA-Compliant small group health insurance policies corresponding to the Policy Documentation and issued or renewed by the Ceding Company in the State of Florida providing coverage commencing: • For the first Subscription Year: on January 1, 2021 or thereafter, and with a period of insurance expiring on December 31, 2021. • For the second Subscription Year: on January 1, 2022 or thereafter, and with a period of insurance expiring on December 31, 2022. • For the third Subscription Year: on January 1, 2023 or thereafter, and with a period of insurance expiring on December 31, 2023. The Policies ceded under this Agreement are only those in effect as of January 1, 2021 or issued or renewed between January 1, 2021 and the date of termination of this Agreement. This Agreement shall only apply to all Policies issued by the Ceding Company in the State of [***] to insureds having their principal residence in this State. For illustrative purposes only, the definite fees and total margins for both parties shall be calculated based on the formulas in Article 12, Section 2. • Portfolio : number of policies/persons by month covered by global/ metal /state • Portfolio distribution (per gender/age) by global/metal/state • Premiums by month global / per metal / per state • Claims (split by % of reserves and paid by global/ metal/ state) (IBNR global / metal / state) (by month of occurrence) • Claims by benefits category split by global/ metal / state • Inpatient hospital • Outpatient hospital • Professional • Other medical • Capitation • Prescription drug • MLR by global / state / metal (current year, and n-1 year) Risk adjustment estimate • Cash flows (quarterly basis) • Reinsurance balance settlement report • Anonymized dataset • Information about the insureds (biometrical & contract related data): age (birthdate), gender, state & address, subscrip...
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Examples of XOL in a sentence

  • Salvages and all recoveries, including recoveries under all reinsurances that inure to the benefit of this XOL Agreement (whether recovered or not), shall be first deducted from such loss to arrive at the amount of liability attaching hereunder.

  • The original insured or policyholder shall not have any rights against EMCC which are not specifically set forth in this XOL Agreement, or in a specific agreement between EMCC and the original insured or policyholder.

  • All loss settlements made by EMC Re within the terms of this XOL Agreement or by way of compromise, including any “Ex-gratia Settlements”, shall be binding upon EMCC, and EMCC agrees to pay or allow, as the case may be, its share of each such settlement in accordance with this XOL Agreement.

  • EMC Re and EMCC shall have the right to offset any balance or amounts due from one party to the other under the terms of this XOL Agreement; the 100% Quota Share Reinsurance Retrocessional Agreement between the parties effective January 1, 2011; the Agreement; and the Restated Agreement.

  • This XOL Agreement shall take effect at 12:01 a.m., Central Standard Time, January 1, 2011, with respect to the accounting for Contracts booked after such time and date.

  • At the expiration of this XOL Agreement, EMCC shall remain liable for all Contracts covered by this XOL Agreement that are in force at expiration, until the termination, expiration or renewal of such Contracts, whichever occurs first, plus any discovery or extended reporting periods.

  • This XOL Agreement is solely between EMC Re and EMCC, and in no instance shall any insured, claimant or other third party have any rights under this XOL Agreement except as may be expressly provided otherwise herein.

  • This XOL Agreement is continuous until canceled by mutual agreement of the parties, but may be terminated by either party as of the end of any calendar year upon ninety (90) days prior written notice.

  • To be certain, EMC Re, at its option, shall be entitled to extract any “Net Loss” arising from an “Occurrence” as defined above from the provisions of this paragraph to apply the basic per occurrence reinsurance coverage of this XOL Agreement.

  • If EMCC, as the assuming insurer, fails to perform its obligations under the terms of the XOL Agreement, then EMCC, at EMC Re's request, shall agree (a) to submit itself to the jurisdiction of any court of competent jurisdiction in any state of the United States, (b) to comply with all requirements necessary to give the court jurisdiction, and (c) to abide by the final decision of the court or any appellate court if there is an appeal.