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3 of not less than the full amount of the Reinsurer s Obligations as defined in Section 4. 3 d due or which may become due under the Reinsurance Agreement effective between the Reinsurer and Company less VSC-GAP Custodial Agreement Obligations paid by the Reinsurer under said agreement hereinafter referred to as the Reinsurance Agreement. D Obligations within the meaning of this Section and this Agreement means i losses and allocated loss expenses paid by the Company but not recovered from...

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What is custodial agreement reinsurance form?

The custodial agreement reinsurance form is a document that outlines the terms and conditions of a reinsurance agreement between a ceding insurer and a reinsurer. It specifies the roles and responsibilities of each party, including the handling of funds and assets related to the reinsurance transaction.

Who is required to file custodial agreement reinsurance form?

The ceding insurer is typically required to file the custodial agreement reinsurance form. This form is necessary to ensure regulatory compliance and transparency in the reinsurance transaction.

How to fill out custodial agreement reinsurance form?

To fill out the custodial agreement reinsurance form, the ceding insurer needs to provide detailed information about the reinsurance agreement, including the names of the parties involved, the duration of the agreement, the amount of reinsurance coverage, and any specific terms and conditions. The form may also require the ceding insurer to disclose information about the custodian responsible for holding and managing the assets related to the reinsurance transaction.

What is the purpose of custodial agreement reinsurance form?

The purpose of the custodial agreement reinsurance form is to establish clear guidelines for the handling of funds and assets in a reinsurance transaction. It helps ensure that all parties involved are aware of their obligations and responsibilities, and it provides a record that can be used for regulatory compliance purposes.

What information must be reported on custodial agreement reinsurance form?

The custodial agreement reinsurance form typically requires the reporting of essential information, including the names of the ceding insurer and reinsurer, the effective date and duration of the reinsurance agreement, the amount of reinsurance coverage, any specific terms or conditions, and information about the custodian responsible for holding and managing the assets related to the reinsurance transaction.