Nothing is more certain than the indispensable necessity of government, and it is equally undeniable, that whenever and however it is instituted, the people must cede to
it some of their natural rights in order to vest it with requisite powers.
Beyond limiting the allowable cede to
25 percent, the temporary policy does not limit the mortgage industry's use of captive reinsurance.
The lawmakers clearly were not willing to cede to
the president their authority over spending on such programs.
In addition to generating more premiums to cede to
Independence American, opportunities will arise where IHC will prefer to write business through Independence American due to marketing relationships.
Under the reinsurance agreement, MBIA agreed to cede to
Converium on a quota share basis new business written with an aggregate of $101 million in net ceded premiums over a six-year period ending October 1, 2004, which was accounted for in the same manner as other quota share treaties.
We expect that all insurers would be required to cede to
CAR all business written by the high loss ratio ERPs, including business currently able to be retained voluntarily, although the Proposal does not address this point specifically.
IFI will cede to
Bancoldex only selected assets, primarily fixed income securities and wholesale loans granted to financial intermediaries that serve the mipymes sector.
Standard Security and Madison National, which are also wholly-owned by IHC, will cede to
First Standard 15% of the gross employer medical stop loss premiums that are currently reinsured by unaffiliated reinsurers.