Approved Insurance Company definition

Approved Insurance Company means an insurance company (including captive insurance companies) whose long term unsecured and unguaranteed debt is not less than at least 2 (two) of the following ratings:
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Approved Insurance Company means an insurance company (including captive insurance companies) that has an international reputation and whose interactive insurer financial strength rating is BBB or higher by S&P or A- or higher by AM best.
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Approved Insurance Company means an insurance company (including captive insurance companies) that has an international reputation and whose long term unsecured and unguaranteed debt is rated BBB or higher by S&P or Baa2 or higher by Moody's. [“Compagnia Assicuratrice Approvata” in the Italian text]
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Examples of Approved Insurance Company in a sentence

  • Contractor is required to take third party insurance cover for an amount of 5% (five percent) of Contract Value from an Approved Insurance Company for insurance against any damage, injury or loss which may occur to any person or property including that of EPI, arising out of the execution of the works or temporary works.

  • Contractor is required to take insurance cover as per requirement of the Workmen’s Compensation Act, 1923 amended from time to time from an Approved Insurance Company and pay premium charges thereof.

  • INSURANCE UNDER WORKMEN’S COMPENSATION ACT Supplier is required to take insurance cover as per requirement of the Workmen’s Compensation Act, 1923 amended from time to time from an Approved Insurance Company and pay premium charges thereof.

  • THIRD PARTY CONTRACTOR INSURANCE Supplier is required to take third party CONTRACTOR insurance cover for an amount of five percent (5%) of Contract Value from an Approved Insurance Company for insurance against any damage, injury or loss which may occur to any person or property including that of EPI, and NTPC arising out of the execution of the works or temporary works.

  • Performance Guarantee equal to 10% of Bid Amount from scheduled bank or in shape of Insurance Bond of Approved Insurance Company (For Project worth 10 Mn. or above).

  • INSURANCE UNDER WORKMEN’S COMPENSATION ACT Supplier is required to take insurance cover as per requirement of the Workmen‟s Compensation Act, 1923 amended from time to time from an Approved Insurance Company and pay premium charges thereof.

  • THIRD PARTY CONTRACTOR INSURANCE Supplier is required to take third party CONTRACTOR insurance cover for an amount of five percent (5%) of Contract Value from an Approved Insurance Company for insurance against any damage, injury or loss which may occur to any person or property including that of EPI, and NTPCarising out of the execution of the works or temporary works.

  • III.11 INSURANCE III.11.1 Operating Company insurance The Operating Company must have an insurance policy with an Approved Insurance Company in compliance with the requirements of Annex (d) (the "Terminal Insurance Policy"), which shall be in effect from the date that it first becomes obliged to provide the Service under a Capacity Agreement until the date it ceases to be obliged to provide the Service under any Capacity Agreement.

  • Upon the request of a User, the Operating Company shall provide reasonable evidence of its compliance with the requirements of this clause 11.1. III.11.2 User insurance Each User must have an insurance policy with an Approved Insurance Company in compliance with the requirements of Annex (d) (the "User Insurance Policy"), which shall be in effect from the date it is supposed to first receive the Service under the Capacity Agreement to which it is a Party until the expiry date of such Capacity Agreement.

  • Frustratingly, from Farmstead’s perspective, Ivy also wants the upside in the event of a reorganization – and therefore waited a few weeks to see whether Farmstead’s epic gamble in the midst of the worst pandemic in our lifetime would pay off.5. No one can quibble with a hedge fund wanting to maximize its returns.


More Definitions of Approved Insurance Company

Approved Insurance Company means an insurance company authorised by the competent authority of a Member State under either Articles 4 or 51 of Directive 2002/83/EC of the European Parliament and of the Council of 5 November 2002 concerning life assurance1 to take up the activities referred to under any of Headings I, III, VII and IX in Annex I to that Directive;
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Approved Insurance Company means an insurance company approved by the Minister for the purpose of this Act;
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Approved Insurance Company means an insurance company authorised by the competent authority of a Member State under either Article 6 or Article 27 of Council Directive 79/267/EEC on the co-ordination of laws, regulations and administrative provisions relating to the taking-up and pursuit of the business of direct life assurance to take up the activities referred to under any of Headings I, III, VII and IX of the Annex of that Directive;
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Related to Approved Insurance Company

  • Specified Insurance Company means any Entity that is an insurance company (or the holding company of an insurance company) that issues, or is obligated to make payments with respect to, a Cash Value Insurance Contract or an Annuity Contract.

  • Approved Insurer Each insurance policy shall be issued by insurance companies authorized to do business in the State of Nevada or eligible surplus lines insurers under federal and Nevada law and having agents in Nevada upon whom service of process may be made, and currently rated by A.M. Best as “A-VII” or better.

  • FHA Insurance The contractual obligation of FHA respecting the insurance of an FHA Loan pursuant to the National Housing Act, as amended.

  • Insurance Companies means the companies with whom the Insurance Policies are held.

  • Standard Hazard Insurance Policy means a fire and casualty extended coverage insurance policy in such amount and with such coverage as required by this Agreement.

  • Hazard Insurance Policy means, with respect to each Contract, the policy of fire and extended coverage insurance (and federal flood insurance, if the Manufactured Home is secured by an FHA/VA Contract and such Manufactured Home is located in a federally designated special flood area) required to be maintained for the related Manufactured Home, as provided in Section 5.09, and which, as provided in said Section 5.09, may be a blanket mortgage impairment policy maintained by the Servicer in accordance with the terms and conditions of said Section 5.09.

  • Franchise insurance means an individual insurance policy provided through a

  • Hazard Insurance A fire and casualty extended coverage insurance policy insuring against loss or damage from fire and other perils covered within the scope of standard extended hazard coverage naming the Servicer, its successors and assigns, as a mortgagee under a standard mortgagee clause, together with all riders and endorsements thereto.

  • Blanket insurance policy means a group policy covering a defined class of

  • Insurance Company The Transferee is an insurance company whose primary and predominant business activity is the writing of insurance or the reinsuring of risks underwritten by insurance companies and which is subject to supervision by the insurance commissioner or a similar official or agency of a state, U.S. territory or the District of Columbia.

  • Title Insurance Company as defined in Section 5.1(l).

  • Long-term care insurance means group insurance that is authorized by the retirement system for retirants, retirement allowance beneficiaries, and health insurance dependents, as that term is defined in section 91, to cover the costs of services provided to retirants, retirement allowance beneficiaries, and health insurance dependents, from nursing homes, assisted living facilities, home health care providers, adult day care providers, and other similar service providers.

  • Required Insurance Policy With respect to any Mortgage Loan, any insurance policy that is required to be maintained from time to time under this Agreement.

  • Insurance premium finance company means a person engaged in the business of

  • Group long-term care insurance means a long-term care insurance policy which is delivered or issued for delivery in this State and issued to:

  • group insurance means insurance, other than creditor’s group insurance and family insurance, whereby the lives of a number of persons are insured severally under a single contract between an insurer and an employer or other person; (“assurance collective”)

  • Mortgage guaranty insurance means surety insurance under which a mortgagee or other creditor is indemnified against losses caused by the default of a debtor.

  • Captive insurance company means a pure captive insurance company, association captive insurance company, captive reinsurance company, sponsored captive insurance company, special purpose captive insurance company, or industrial insured captive insurance company formed or licensed under this chapter. For purposes of this chapter, a branch captive insurance company must be a pure captive insurance company with respect to operations in this State, unless otherwise permitted by the director.

  • Special Primary Insurance Policy Any Primary Insurance Policy covering a Mortgage Loan the premium of which is payable by the Trustee pursuant to Section 4.04(a), if so identified in the Mortgage Loan Schedule. There are no Special Primary Insurance Policies with respect to any of the Mortgage Loans.

  • R&W Insurance Policy means the representations and warranties insurance policy issued to Buyer in connection with the transactions contemplated hereby.

  • Co-insurance means the percentage of the usual, reasonable, customary, and fair market value expense that a covered person must pay.

  • Required Insurance shall have the meaning provided in Section 9.03.

  • Primary Insurance Policy Each policy of primary mortgage guaranty insurance or any replacement policy therefor with respect to any Mortgage Loan.

  • Medical malpractice insurance means insurance against legal liability incident to the practice and provision of a medical service other than the practice and provision of a dental service.

  • Bond Insurance Policy means the financial guaranty insurance policy issued by the Bond Insurer insuring the payment when due of the principal of and interest on the Bonds as provided therein.

  • Primary Mortgage Insurance Policy Any primary mortgage guaranty insurance policy issued in connection with a Mortgage Loan which provides compensation to a Mortgage Note holder in the event of default by the obligor under such Mortgage Note or the related Security Instrument, if any or any replacement policy therefor through the related Interest Accrual Period for such Class relating to a Distribution Date.