Ceding Company definition

Ceding Company has the meaning set forth in the preamble.

Ceding Company shall have the meaning specified in the Preamble hereto.

Ceding Company shall have the meaning set forth in Section 2.01. [REDACTED]

Examples of Ceding Company in a sentence

• Notwithstanding the preceding, neither the Reinsurer nor the Ceding Company shall avoid their obligations to arbitrate their disputes under Article X of this Agreement.

• The Reinsurer agrees to indemnify the Ceding Company for, and the Ceding Company agrees to automatically cede to and reinsure with the Reinsurer, according to the terms and conditions hereof, the portion of the risks under the annuity riders described in Schedule A attached hereto.

• The Ceding Company and the Reinsurer shall obtain all necessary consents and approvals of regulatory bodies and other parties which are required in connection with this Agreement and the transactions contemplated herein.

• Upon the occurrence of any Event of Default by Integon National which is not cured as set forth above, the Ceding Company shall have the right to immediately terminate the reinsurance arrangements provided pursuant to this Agreement.

• Such notice shall be deemed to have been duly given when so delivered or, if mailed, on the date shown on the receipt therefore, to the party entitled to receive the same at the address set forth below: If to the Ceding Company: The Omaha Indemnity Company 3300 Mutual of Xxxxx Xxxxx Xxxxx, XX 00000-0000 Attn: Director of Reinsurance Services Tel No.: (000) 000-0000 Facsimile: (000) 000-0000 Email: Xxxx.Xxxxxx@xxxxxxxxxxxxx.xxx with a copy to: Glencar Underwriting Managers, Inc.

More Definitions of Ceding Company

Ceding Company s share and REINSURER's share of Specified Amount after an increase will be the same as their respective shares before the increase, except CEDING COMPANY will not retain an amount more than the per policy Retention Limit shown in Schedule A. If an increase in Specified Amount occurs on a date other than the policy anniversary, a pro-rata reinsurance premium will be paid to REINSURER. The reinsurance premium rates will be based on the original issue age, duration since issuance of the original policy and the most recent underwriting classification.

Ceding Company means West Coast Life Insurance Company and its successors and assigns.

Ceding Company. The Guardian Insurance and Annuity Company, Inc. Reinsurer: The Guardian Life Insurance Company of America Policy Exhibit for ____________, 19__ ---------------------------------Current Period--------------------------------- Number Amount of Policies of Reinsurance ----------- -------------- In-force Beg. of Period Paid For Revivals Other Increases Total Increases Deaths Recaptures Expiries Lapses Other Decreases Total Decreases In-Force End of Period ----------------------------------Year-to-Date---------------------------------- Number Amount of Policies of Reinsurance ----------- -------------- In-force Beg. of Year Paid For Revivals Other Increases Total Increases Deaths Recaptures Expiries Lapses Other Decreases Total Decreases In-Force End of Year EXHIBIT E - 4

Ceding Company shall have the meaning set forth in the preamble.

Ceding Company. Xxxx Xxxxxxx Life Insurance Company (U.S.A.) 000 Xxxxxxxx Xxxxxx Xxxxxx, XX 00000 Attention: Corporate Secretary

Ceding Company. The Guardian Insurance and Annuity Company, Inc. Reinsurer: The Guardian Life Insurance Company of America Summary Monthly Report For ______________, 19__ First Year Life Premiums _________________ Scheduled ____________ Unscheduled ____________ General Account ____________ First Year Disability Premiums +________________ First Year Accidental Death Benefit Premiums +________________ Renewal Life Premiums +________________ Scheduled ____________ Unscheduled ____________ General Account ____________ Renewal Disability Premiums +________________ Renewal Accidental Death Benefit Premiums +________________ First Year Allowances -________________ Renewal Allowances -________________ Cash Value Payments -________________ Death Claims Payments -________________ Interest on Death Claims -________________ Claim Expense Reimbursements -________________ Disability Claim Payments -________________ Mean Reserve Adjustment ________________ Reserve interest +____________ Reserve increase -____________ Total Amount due The Guardian or (ceding company) ________________ REVISION 2 - effective 1/1/97 EXHIBIT F - 2

Ceding Company. A ceding insurer is an insurer that underwrites and issues an original, principal policy to an insured and contractually transfers (cedes) a portion of the risk to the Reinsurer. A ceding Reinsurer is a Reinsurer which transfers (cedes) a portion of the underlying reinsurance to a retrocessionaire. CONDITIONAL RECEIPT - A provision included in some life insurance policies providing coverage from the date of the application to the date at which the policy is either issued or declined. EXCESS REINSURANCE - A form of reinsurance under which recoveries are available when a given loss exceeds the Ceding Company's retention (excess of loss reinsurance) defined in this Agreement. EXPERIENCE REFUND OR PROFIT COMMISSION - A provision found in some reinsurance agreements which provides for profit sharing. Parties agree to a formula for calculating profit, an allowance for the Reinsurer's expenses, and the Ceding Company's share of such profit after expenses. EXTRA CONTRACTUAL OBLIGATIONS (ECO) - A generic term that, when used in a reinsurance agreement, refers to damages awarded by a court against an insurer which are outside the provisions of the insurance policy, due to the insurer's bad faith, fraud or gross negligence in the handling of a claim. FACULTATIVE - Reinsurance under which the Ceding Company has the option (faculty) of submitting and the Reinsurer has the option of accepting or declining individual risks. This Agreement merely reflects how individual facultative reinsurance will be handled. FLAT EXTRA PREMIUM - A method for rating substandard risks used when the extra risk is considered to be constant. The underwriter assesses a specific extra premium for each [REDACTED] of insurance. Flat extra ratings usually apply to applicants in hazardous occupations or avocations, aviation, or with certain physical impairments of a temporary nature. INDEXING - The adjustment of the Ceding Company's retention and the reinsurance limit by a measure of inflation such as the consumer price index. JUMBO LIMIT - The limit placed on an amount of coverage that may be inforce, or applied for in all companies, on an individual life for automatic reinsurance purposes. If such insurance exceeds the limit, the Ceding Company must submit the risk to the Reinsurer for facultative review. MINIMUM REINSURANCE AMOUNT - The smallest cession that the Reinsurer will accept automatically. The minimum size is set to avoid the expenses associated with small cessions. ORIGINAL POLICY(S) ...