Pool Reinsurance definition

Pool Reinsurance shall have the same meaning it has in the Traditional Program Business Pooling Agreement.
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Pool Reinsurance means property catastrophe and excess of loss reinsurance ceded by CPIC to an insurer that is not a Participating Company that inures to the benefit of the Specialty Program Business Pool.
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Pool Reinsurance means property catastrophe and excess of loss reinsurance ceded by TICNY to an insurer that is not a Participating Company and that inures to the benefit of the Brokerage Business Pool.
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Examples of Pool Reinsurance in a sentence

  • You must purchase Terrorism insurance from a Pool Reinsurance Company Limited member company in respect of all such Property and/or premisesEngineering Inspection SectionInspection Service Contract1.

  • Conditions 1 We will not indemnify You unless and until: a HM Treasury has certified that an event or events have been an Act of Terrorism; or b a Tribunal constituted under the terms of Schedule 3 to a Retrocession Agreement between Pool Reinsurance Company Ltd and HM Treasury has determined that an event or events have been an Act of Terrorism.

  • You must purchase Terrorism insurance from a Pool Reinsurance Company Limited member company in respect of all such property and/or premises.

  • CONDITIONS PRECEDENTIt is a Condition Precedent to Our liability that:(1) You must declare to Us all property and, or premises owned by You or for which You are responsible including all such property and, or premises of any subsidiary companies unless it is the practice of any subsidiary to effect its own insurance.(2) You must purchase Terrorism insurance from a Pool Reinsurance Company Limited member company in respect of all such property and, or premises.

  • EXCLUSIONSThe following Exclusions apply to this Section.(also refer to the Policy Exclusions at the back of this Policy Wording).(b) You must purchase Terrorism insurance from a Pool Reinsurance Company Limited member company in respect of all such property and, or premises.

  • Invisible Guaranteed Coverage Pool Reinsurance Program; tax on ex- change plans.

  • Conditions 1 We will not indemnify You unless and until: a HM Treasury issues a certificate, certifying that any Damage or resulting loss or expense or other costs, either directly or indirectly was caused by an Act of Terrorism; or b a Tribunal constituted under the terms of Schedule 3 to a Retrocession Agreement between Pool Reinsurance Company Ltd and HM Treasury has determined that an event or events have been an Act of Terrorism.

  • Conditions It is a condition precedent to Our liability that: 1 Treasury Certificate We will not indemnify You unless and until: a the Treasury issues a certificate, certifying that any Damage or resulting loss or expense or other costs, either directly or indirectly was caused by Terrorism; or b in the event of the Treasury refusing to issue such a certificate a tribunal formed by agreement between Us and Pool Reinsurance Company Limited decides that the cause of such loss was due to Terrorism.

  • The mutual terrorism reinsurance company Pool Reinsurance Company (Pool Re.) was established in December 1992 in the light of the UK government's willingness to act as reinsurer of last resort for damage resulting from terrorist attacks.

  • It is a condition precedent to Our liability to pay any claim under this Section that:a) You have purchased cover in respect of Terrorism from a Pool Reinsurance Company Limited member company in respect of all property and premises owned by You or for which You are responsible and that are eligible for such cover.

Related to Pool Reinsurance

  • 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 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.

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

  • group insurance means insurance, other than creditor’s group insurance and family insurance, whereby the lives of a number of persons are insured severally under a single contract between an insurer and an employer or other person; (“assurance collective”)

  • Insurances means, in relation to a Ship:

  • Unemployment Insurance means the contribution required of Vendor, as an employer, in respect of, and measured by, the wages of its employees (or subcontractors) as required by any applicable federal, state or local unemployment insurance law or regulation.

  • Reinsurer has the meaning set forth in the preamble.

  • Insurance carrier means every insurance carrier duly

  • FHA Insurance The contractual obligation of FHA respecting the insurance of an FHA Loan pursuant to the National Housing Act, as amended.

  • Insurance Affordability Program means a program that is one of the following:

  • Coinsurance means that you pay a percent of the total cost of the drug each time you fill a prescription.

  • Insurance Administration means, with respect to each Shared Policy, the accounting for premiums, retrospectively-rated premiums, defense costs, indemnity payments, deductibles and retentions, as appropriate, under the terms and conditions of each of the Shared Policies; and the reporting to excess insurance carriers of any losses or claims which may cause the per-occurrence, per claim or aggregate limits of any Shared Policy to be exceeded, and the distribution of Insurance Proceeds as contemplated by this Agreement.

  • Insurance means comprehensive insurance of the vehicle(s)/equipment and shall include insurance of the crew.

  • 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.

  • Ocean marine insurance means insurance against loss of or damage to:

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

  • Flood Insurance means the insurance coverage provided under the National Flood Insurance Program.

  • Medical malpractice insurance means insurance against legal liability incident to the practice and provision of a medical service other than the practice and provision of a dental service.

  • Blanket insurance policy means a group policy covering a defined class of

  • Credit unemployment insurance means insurance:

  • Primary Insurance Policy Each policy of primary mortgage guaranty insurance or any replacement policy therefor with respect to any Mortgage Loan.

  • 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.

  • Policy means Related Party Transaction Policy.