State Auto P&C definition

State Auto P&C means State Auto Property and Casualty Insurance Company, a South Carolina corporation.
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State Auto P&C means the meaning assigned thereto in the first Whereas clause of this Agreement.
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State Auto P&C means State Auto Property and Casualty Insurance Company, an Iowa domiciled property and casualty insurance company and its successors.
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Examples of State Auto P&C in a sentence

  • State Auto P&C is the principal operating subsidiary of State Auto Financial and the employer of record of all employees of State Auto.

  • State Auto Financial shall use the proceeds of the sale of Class A Preferred Stock hereunder solely for the purpose of contributing such proceeds to State Auto P&C for it to use to pay direct and assumed catastrophic loss claims and/or loss adjustment expenses resulting from the catastrophic event to which such sale relates.

  • State Auto Financial, State Auto P&C and State Auto Mutual represent and warrant to Executive that they have the capacity and right to enter into this Agreement and perform all of their obligations under this Agreement without any restriction by any agreement, document, restrictive covenant, or otherwise.

  • State Auto P&C shall use the same degree of care in acting on behalf of such insurers as the degree of care it uses in connection with the conduct of its insurance business operations.

  • The Pooled Companies have determined that their business operations should be conducted by employees of State Auto P&C on behalf of each of the Pooled Companies and that State Auto Mutual should remain as the agent for each of the Pooled Companies with respect to collecting and disbursing funds as required by the Pooled Companies’ business operations.

  • State Auto P&C is the principal operating subsidiary of State Auto Financial and the employer of record of all employees of State Auto, other than employees of Risk Evaluation and Design, LLC, a wholly-owned subsidiary of State Auto Mutual.

  • State Auto P&C will use the same degree of care in acting on behalf of these companies as it uses in connection with the conduct of its own business operations.

  • State Auto Mutual and State Auto P&C originally entered into an intercompany Reinsurance Agreement effective as of 12:01 a.m., January 1, 1987 (the “Reinsurance Agreement”).

  • State Auto P&C shall also be entitled to continue using its employees to conduct all of its business operations, notwithstanding that such persons will be performing services for other State Auto Companies as well.

  • In consideration of the agreements herein contained, State Auto Mutual hereby agrees that there has been or will be assigned and transferred to State Auto P&C an amount, in cash or other assets, equal to the aggregate of all liabilities of State Auto Mutual assumed by State Auto P&C under paragraph 4(a) hereof, less a ceding commission equal to the sum of the acquisition expenses associated with the unearned premium reserves which are transferred as provided herein.


More Definitions of State Auto P&C

State Auto P&C declared and unpaid, other liabilities not incurred in connection with underwriting operations, post retirement health care benefits liability, and post employment benefits liability. It is further agreed State Auto Mutual shall receive the Net Premiums for said contracts and policies.
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Related to State Auto P&C

  • State authority means the hospital finance authority created by this act.

  • Corporate Authorities means the City Council of the City.

  • State aid means aid defined by the Treaty of the Functioning of the European Union, Article 107(1). It is granted through state resources in any form which could distort competition and affect trade by favouring certain undertakings or the production or certain goods is incompatible with the common market unless the Treaty of the Functioning of the European Union allows otherwise.

  • QFC has the meaning assigned to the term “qualified financial contract” in, and shall be interpreted in accordance with, 12 U.S.C. 5390(c)(8)(D).

  • the Buyer means the person who accepts a quotation or offer of the Seller for the sale of the Goods or whose order for the Goods is accepted by the Seller;

  • Seller Affiliates has the meaning assigned to such term in Section 2.7.1;

  • Appropriate Authority means any government or taxing authority.

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

  • Interstate highway means a highway route on the interstate system as defined in and designated pursuant to Title 23 of the United States Code, prior to the effective date of this act.

  • Seller Agreements means those agreements between Seller and third parties, including Artists and/or PRO, wherein Seller is entitled to receive the Percentage Interest of all Assets.

  • Private Authorizations means all franchises, permits, licenses, approvals, consents and other authorizations of all Persons (other than Governmental Authorities).

  • Seller Entities means, collectively, Seller and all Seller Subsidiaries.

  • CNA means a 20-year capital needs assessment or analysis of replacement reserve requirements.

  • Companies means Borrower and its Subsidiaries; and “Company” shall mean any one of them.

  • Franchise Agreements means (a) the Franchise Agreements set forth on Part IV of Schedule 4.01(p) hereto, and (b) any Franchise Agreement in respect of a Borrowing Base Asset entered into after the Closing Date in compliance with Section 5.01(r).

  • Assumed Agreements shall have the meaning as set forth in Section 2.2.