Advisory organization definition

Advisory organization means an entity, including its affiliates or subsidiaries, which either has two or more member insurers or is controlled either directly or indirectly by two or more insurers, and which assists insurers in ratemaking-related activities such as enumerated in sections 515F.10 and 515F.11. Two or more insurers having a common ownership or operating in this state under common management or control constitute a single insurer for purposes of this definition.
Advisory organization means any entity, including its affiliates or subsidiaries,
Advisory organization means an entity not licensed under RCW 48.19.180 that files advisory forms with the commissioner.

Examples of Advisory organization in a sentence

  • Advisory organization filings are subject to the provisions of sections 2303, 2304-A and 2304-B.

  • Advisory organization means any enti- ty which has two (2) or more member insur- ers or is controlled either directly or indirect- ly by two (2) or more insurers, and which assists insurers in ratemaking related activi- ties and is licensed pursuant to section 287.967, RSMo. Two (2) or more insurers which have a common ownership or operate in this state under common management or control constitute a single insurer for the pur- poses of this definition.

  • Joe is currently a Partner at PwC, a global consultancy and digital solutions provider, where he leads Cloud Product Engineering Services within the Health Industry Advisory organization providing consultation to leading healthcare providers, pharmaceutical, life sciences, and payor organizations focused on genomics and rare disease research, patient experience/consumerism solutions and public cloud enablement.

  • Advisory organization" means a person or organization that either has two or more member insurers or is controlled either directly or indirectly by two or more insurers and that assists insurers in ratemaking-related activities.(b) The term does not include a joint underwriting association, any actuarial or legal consultant, or any employee of an insurer or insurers under common control or management or their employees or manager.

  • Shareholders and directors are entitled to inspect and copy records of the Corporation as permitted by the Act.


More Definitions of Advisory organization

Advisory organization means any corporation, unincorporated association, partnership or person, whether located inside or outside this state, that is licensed in accordance with Section 11 of this act and which assists insurers in ratemaking related activities such as enumerated in Section 13 of this act;
Advisory organization means a corporation, an unincorporated association, a partnership or an individual, whether located inside or outside of this state, organized and licensed for the purpose of making rates, loss costs, rating plans, statistical collection, furnishing statistical data, policy forms and endorsements or rating systems.
Advisory organization means any organization or person which either has two or more member insurers or is controlled either directly or indirectly by two or more insurers and which assists insurers in rate making related activities. Two or more insurers having a common ownership or operating in this state under common management or control constitute a single insurer- for purposes of this definition. Advisory organization does not include a joint underwriting association, any actuarial or legal consultant, any employee of an insurer or insurers under common control or management or their employees or manager.
Advisory organization means an entity not licensed under RCW 48.19.180 that files advisory rates with the com- missioner.
Advisory organization means an organization that
Advisory organization means each person, other than an admitted insurer, whether located within or outside this state, who prepares policy forms or makes underwriting rules incident to but not including the making of rates, rating plans, or rating systems or who collects and furnishes to admitted insurers or rating organizations loss or expense statistics or other statistical information and data and acts in an advisory, as distinguished from a ratemaking, capacity. A licensed attorney, acting in the usual course of the profession, may not be considered an advisory organization.
Advisory organization means every person, other than an admitted insurer, whether located within or outside this State, who prepares policy forms or makes underwriting rules incident to but not including the making of rates, or rating plans or rating systems, or which collects and furnishes to admitted insurers or rating organizations loss or expense statistics or other statistical information and data and acts in an advisory, as distinguished from a rate-making, capacity. No duly authorized attorney-at-law acting in the usual course of his profession shall be deemed to be an advisory organization.