Examples of Reinsurance Trust Account in a sentence

The Borrower shall not make or permit to be made any investments of assets (other than the Letter of Credit) held in the Surplus Account and Reinsurance Trust Account other than in accordance in all material respects with the Investment Guidelines and in compliance in all material respects with applicable law, including ensuring that the Investment Guidelines comply in all material respects with applicable insurance laws and regulations.
The Reinsurance Trust Account shall be established by the Borrower, as grantor, subject to and in accordance with the terms of the Reinsurance Trust Agreement.
All assets (other than the Letter of Credit) held in the Surplus Account and the Reinsurance Trust Account shall be invested solely in Eligible Assets (as defined below).
Except as provided in Section 3.01(c), all funds and assets received by the Borrower pursuant to any Transaction Document or otherwise (including any distributions related to the grantor interest in the Reinsurance Trust Account) shall be deposited into and held in the Surplus Account subject to disbursement in accordance with the Priority of Payments and, solely with respect to LOC Reimbursement Obligations, the Payment Restrictions.
The cost of maintaining the Reinsurance Trust Account shall be borne by the Reinsurer.

More Definitions of Reinsurance Trust Account

Reinsurance Trust Account has the meaning set forth in Section 5.2(a).

Reinsurance Trust Account has the meaning set forth in the Reinsurance Trust Agreement.

Reinsurance Trust Account means the trust account established pursuant to Section 2.1.

Reinsurance Trust Account shall have the meaning ascribed to it in Section 4.2(a). “Reinsurance Trust Agreement” means the Trust Agreement necessary for Ceding Company to receive full credit for the reinsurance provided hereunder and in the form set forth in Exhibit B. 4 “SHIP” means Senior Health Insurance Company of Pennsylvania. “SHIP ASA” means that certain Administrative Services Agreement by and between Ceding Company and SHIP, dated as of November 12, 2008, as amended. “Supplemental Trust Account” shall have the meaning ascribed to it in Section 4.3(a). “Supplemental Trust Agreement” means the Supplemental Trust Agreement in the form set forth in Exhibit D. “Supplemental Trust Alternative Amount” means: At the Effective Time: $20,618,378 End of Year 1 (~ day 365): $17,843,394 Year 2 (~ day 730): $15,068,410 Year 3: $13,680,918 Year 4: $8,130,951 Year 5: $0

Reinsurance Trust Account means a trust account established and maintained in accordance with the Reinsurance Trust Agreement. “Reinsurance Trust Agreement” means that certain trust agreement, originally dated as of April 23, 2010 and as amended as of the

Reinsurance Trust Account funds deposited pursuant to a trust agreement in form and substance, and with a third party trustee, in each case satisfactory to the Company in its sole discretion that meets the requirements of any applicable law, regulation or regulatory authority, and, in any event, would permit the Company and all members of its intercompany pool, if any, to take credit for reinsurance in their respective states of domicile assuming the Reinsurer were an unauthorized reinsurer in such states. (With respect to Lloyd’s Syndicates, the Company agrees that the Lloyd’s U.S. Credit for Reinsurance Trust Fund is, in form and substance, and with a third party trustee, satisfactory to the Company for purposes of this provision; and that paragraph E shall not apply to such syndicates where the requirements of the Lloyd’s U.S. Credit for Reinsurance Trust Fund have been met.) In the event that the Reinsurer at any time fails to meet its security obligations as set forth in this Article, the Company shall be entitled to hold back, as funds withheld, any amounts otherwise due to the Reinsurer under this Contract or any other agreement between the Company and the Reinsurer.

Reinsurance Trust Account means the trust account established pursuant to Section 2.1. “ Trustee ” shall have the meaning ascribed to it in the Preamble.