modified coinsurance contract
Definitions from Case Law · United States Supreme Court
Definitions from Case Law
an indemnity reinsurance contract under the terms of which (1) a life insurance company (hereinafter referred to as 'the reinsurer') agrees to indemnify another life insurance company (hereinafter referred to as 'the reinsured') against a risk assumed by the reinsured under the insurance or annuity policy reinsured, (2) the reinsured retains ownership of the assets in relation to the reserve on the policy reinsured, (3) all or part of the gross investm