Coinsured Contracts means all (i) insurance policies, certificates and contracts sold, issued, renewed or reinstated by the Ceding Company prior to the Reinsurance Closing Date, and any sales, issuances, renewals or reinstatements thereof prior to the Reinsurance Closing Date, in each case, that are described by policy product code and number on Schedule A, and (ii) insurance policies, certificates and contracts described in subpart (i) immediately above but that are issued, renewed or reinstated by (x) the Ceding Company from and after the Reinsurance Closing Date but prior to the Administrative Transfer Date, and any sales, issuances, renewals or reinstatements thereof from and after the Reinsurance Closing Date but prior to the Administrative Transfer Date, and (y) the Reinsurer in the Ceding Company’s name in accordance with the terms and conditions of this Agreement including Section 3.6(a), from and after the Administrative Transfer Date. For the avoidance of doubt, (i) any policy or contract issued in connection with a Coinsured Contract, including in connection with any continuation of insurance, conversion and/or portability provisions set forth in the Coinsured Contracts, whether prior to, on or after the Reinsurance Closing Date, will be deemed a “Coinsured Contract” under this Agreement and coinsured by the Reinsurer as provided in this Agreement.
Coinsured Contracts means (i) the In-Force Contracts, and (ii) the Post-Closing Contracts.
Coinsured Contracts means (i) the In-Force Contracts, and (ii) the Post-Closing Contracts. “COLI Business” shall have the meaning as set forth in the Acquisition Agreement. “Connecticut SAP” means the statutory accounting principles and practices prescribed or permitted by the Insurance Department of the State of Connecticut as applied on a basis consistent with those utilized in the preparation of 1996 Annual Statements of Cedent submitted to the Insurance Department of the State of Connecticut. “Contractholder” shall mean the holder of any Coinsured Contract. “DAC Adjustment” shall have the meaning set forth in Section 12.02(a) hereof. “Effective Date” shall have the meaning set forth in Article II hereof. “Extra Contractual Obligations” means all liabilities for compensatory, consequential, exemplary, punitive or similar damages which relate to or arise in connection with any alleged or actual act, error or omission by Cedent or any of its Affiliates prior to the Effective Date hereof, whether intentional or otherwise, or from any reckless conduct or bad faith by Cedent or any of its Affiliates prior to the Effective Date hereof, or in connection with any such alleged or actual act, error or omission on and after the Effective Date hereof by the Reinsurer or any of its Affiliates acting on behalf of Cedent or any of its Affiliates pursuant to this Agreement or otherwise, in each case whether in connection with the handling of any claim under any of the Coinsured Contracts or in connection with the issuance, delivery, cancellation or administration of any of the Coinsured Contracts; provided, that no Section 10.04 Seller Obligation, as such term is defined in the Acquisition Agreement, shall be deemed to be an Extra Contractual Obligation. “Final Recapture Statement” shall have the meaning set forth in Section 3.02(d) hereof. “General Account Liabilities” means all general account insurance liabilities and obligations arising under the Coinsured Contracts, including, without limitation (i) the General Account Reserves, (ii) the amounts included in lines 12, 12a, 19, and 25 of the Liabilities, Surplus and Other Funds page of the NAIC Annual Statement Blank (1996 format), (iii) any Extra Contractual Obligations, (iv) liabilities and obligations associated with Cedent’s separate account SA-8T, (v) premium taxes due in respect of premiums, deposits and other consideration paid on or after the Effective Date with respect to the Coinsured Contracts and (vi) guaranty fund or other...
Examples of Coinsured Contracts in a sentence
Coinsured Contracts has the meaning ascribed to it in the Coinsurance Agreement.
In addition, from and after the Reinsurance Closing Date, the Actuarial Firm will not have been engaged at any point in time by Humana, KIC or MAC or their respective Affiliates with respect to any matter relating to the Coinsured Contracts, nor will the Actuarial Firm have served as a consultant at any time during the applicable previous one (1) year period to Humana, KIC or MAC or their respective Affiliates and received or is entitled to receive a fee in excess of $250,000 for such services.
Cedent, on its own initiative, shall not change (a) the terms and conditions of any Coinsured Contracts or (b) the assumptions and methods used by Cedent to establish the General Account Reserves.
Subject to the foregoing, the Ceding Company may not during the Term, without the written approval of the Reinsurer, withdraw from, surrender, or otherwise relinquish (i) any Permits, or (ii) any policy forms or rates, in each case, required by applicable Law to conduct the business and operations of the Coinsured Contracts as contemplated in this Agreement.
Approval will be required for the Assumption Reinsurance Agreement, Assumption Certificate and Notice of Transfer and related documents in various states in order for MAC to assume and novate the Coinsured Contracts.
More Definitions of Coinsured Contracts
Coinsured Contracts shall have the meaning set forth in the Indemnity Reinsurance Agreement.
Coinsured Contracts means all group annuity contracts of the types ------------------- which are described on Schedule 1.01 hereto and issued by UNUM after the date hereof pursuant to the written request of Lincoln prior to the date which is 18 months from the date hereof (unless extended by the written consent of the parties hereto) in any of the states listed on Schedule 1.02 hereto, and all certificates and participation agreements issued in accordance with the terms of such group annuity contracts (including all supplements, endorsements, riders and ancillary agreements in connection therewith).
Coinsured Contracts means all individual and group fixed universal life insurance policies and contracts delivered or issued for delivery by Sellers prior to the Effective Date to persons in any state of the United States, the District of Columbia or Puerto Rico and individually identified on Schedule 1.01(e) hereto and in effect on the Effective Date and, with respect to the group universal life insurance policies, all certificates and employer participation agreements in effect as of the Effective Date issued in accordance with the terms of such policies and contracts identified on Schedule 1.01(e) hereto, contractually required reinstatements of such policies, contracts, certificates and agreements after the Effective Date; universal life insurance policies and contracts issued after the Effective Date pursuant to the exercise of options provided in universal life insurance policies and contracts in effect on the Effective Date (including, in each case, all supplements, endorsements, riders and ancillary agreements in connection therewith); but not including policies identified in Schedule 1.01(a), [*] (although such policies identified in Schedule 1.01(a) hereto will be included in the policies to be covered under the Administrative Services Agreements and the Transition Servicing Agreement at a price of $[*] per policy per year).
Coinsured Contracts means (i) the In-Force Contracts and (ii) the Post-Closing Contracts.
Coinsured Contracts shall have the same meaning as the term "Coinsured Contracts" set forth in the Indemnity Reinsurance Agreement (which term, for the avoidance of doubt, includes the policies and contracts funded by the Seller Separate Accounts and owned by residents of jurisdictions other than the State of New York and issued by Seller through CIGNA's Individual Insurance Division).
Coinsured Contracts shall have the meaning set forth in the Indemnity Reinsurance Agreement (which term, for the avoidance of doubt, includes policies and contracts owned by residents of the State of New York that are funded by the Seller Separate Accounts).
Coinsured Contracts shall have the same meaning as the term "Coinsured Contracts" set forth in the CLIC Indemnity Reinsurance Agreement (which term, for the avoidance of doubt, includes policies and contracts funded by the CLIC Separate Accounts and issued by CLIC through CIGNA's Individual Insurance Division). "Contractholder" means the holder of any Contract.