Reinsured Liabilities definition

Reinsured Liabilities means the General Account Liabilities and the Separate Account Liabilities.

Reinsured Liabilities has the meaning set forth in the Reinsurance Agreement.

Reinsured Liabilities means the General Account Liabilities, the Risk Control Separate Account Liabilities, the Declared Rate Separate Account liabilities and the Variable Separate Account Liabilities.

Examples of Reinsured Liabilities in a sentence

• From the Effective Date, an amount equal to the aggregate amounts payable by (or on behalf of) PLAE to (or on behalf of) policyholders in respect of the Reinsured Liabilities having regard to the terms of paragraph 16 of the PLAE 2022 Scheme (the "Claim Amount") shall become due for payment (subject to Clause 11 (Business Oversight)) by PLL to PLAE by the end of the month following PLAE providing PLL with written notice of such Claim Amount, or, if later, the payment date specified in such notice.

• On or prior to the Effective Date, the Company shall deliver or cause to be delivered to Administrator all Books and Records maintained by or under the control of the Company with respect to the Reinsured Contracts and Reinsured Liabilities; provided, however, that notwithstanding anything contained herein to the contrary, the Company shall retain legal title to and ownership of such transferred Books and Records.

• Administrator shall have the exclusive authority over the Bank Accounts including, within reason, the exclusive authority to: (1) open or continue existing Bank Accounts in the name of the Company with respect to the Reinsured Contracts and Reinsured Liabilities; (ii) designate the authorized signatories on the Bank Accounts, (iii) issue drafts on and make deposits in the Bank Accounts in the name of the Company; and (iv) make withdrawals from the Bank Accounts.

• The Administrator shall use commercially reasonable efforts to discuss with the Company the estimated loss reserves for the Reinsured Liabilities prior to the delivery of the actuarial opinion.

• Such access shall include the rights of Company to make and retain copies of any Books and Records relating to the Reinsured Contracts and Reinsured Liabilities for any legitimate business purposes related to this Agreement.

More Definitions of Reinsured Liabilities

Reinsured Liabilities means all liabilities and obligations of any nature arising out of or relating to the Reinsured Contracts, including without limitation (i) any loss or allocated loss expense or unearned premium obligation, (ii) Extra Contractual Liabilities and any related attorney fees and other expenses, and (iii) any liabilities and obligations arising out of or relating to a right to purchase additional coverage and obligations arising under legal or regulatory requirements, but excluding Excluded Liabilities.

Reinsured Liabilities has the meaning set forth in Section 2.1.

Reinsured Liabilities means the Liabilities reinsured pursuant to this Agreement.

Reinsured Liabilities has the meaning set forth in Section 3.2(a)(i).

Reinsured Liabilities means (x) all liabilities and obligations (including death claims and other contractual benefits, such as policyholder dividends, cash surrender and withdrawal payments (net of surrender charges and fees), maturities, disability payments and income payments, endowments and interest owed under Applicable Law or the terms of the policy on policy claims) of the Ceding Company under the express terms and conditions of the Covered Insurance Policies (whether paid to a beneficiary or escheated), plus (y) all obligations of the Ceding Company for loss adjustment expenses in respect of the Covered Insurance Policies, including legal fees, court costs, pre-and post-judgment interest, and including costs and expense incurred in connection with interpleader and declaratory judgment actions and responding to subpoenas, as well as charges and expenses contractually incurred through the use of the Ceding Company’s Affiliated claims services or technical services companies providing such contest, compromise or litigation service on the Covered Insurance Policies (but excluding any part of the general office expenses and overhead of the Ceding Company), in each case, net of any such liabilities paid by the Ceding Company that are recoverable by the Ceding Company under the Existing Reinsurance Agreements, plus (z) all Reinsurer Extra-Contractual Obligations, minus

Reinsured Liabilities means all gross liabilities and obligations arising out of or relating to the Covered Insurance Contracts arising on or after the Original Effective Time (including without limitation, to the extent arising on or after the Original Effective Time, (a) all liabilities arising out of any changes to the terms and conditions of the Covered Insurance Contracts mandated by applicable Law, (b) Taxes due in respect of Premiums to the extent such Taxes relate to Premiums received by or accrued by the Reinsurer on or after the Original Effective Time, (c) assessments and similar charges in connection with participation by the Company or the Reinsurer whether voluntary or involuntary in any guaranty association established or governed by any U.S. state or other jurisdiction to the extent such assessments and charges relate to periods beginning on or after the Original Effective Time, (d) commissions payable with respect to the Covered Insurance Contracts to or for the benefit of the producers or intermediaries who marketed or produced the Covered Insurance Contracts to the extent such commissions relate to periods beginning on or after the Original Effective Time, (e) liabilities for returns or refunds of Premiums to the extent such returns or refunds relate to Premiums received by or accrued by the Reinsurer on or after the Original Effective Time, (f) expense allowances payable under the Covered Insurance Contracts to the extent such allowances relate to periods beginning on or after the Original Effective Time, (g) unclaimed property liabilities arising under or relating to the Covered Insurance Contracts, (h) Extra-Contractual Obligations and (i) experience refunds that relate to any Accounting Period completed after the Original Effective Time) other than Retained Reinsurance Liabilities, net of benefits collected under Existing Reinsurance attributable to periods on or after the Original Effective Time.

Reinsured Liabilities means, collectively, the General Account Liabilities and the Separate Account Liabilities; provided, that in no event shall “Reinsured Liabilities” include any Excluded Liabilities.