Applicable Insurance Code definition

Applicable Insurance Code means, as to any Insurance Subsidiary or any other Person that is a regulated insurance company, the insurance code or other statute of any state where such Insurance Subsidiary or other Person is domiciled or doing insurance business and any successor statute of similar import, together with the regulations thereunder, as amended or otherwise modified and in effect from time to time. References to sections of the Applicable Insurance Code shall be construed to also refer to successor sections.

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Applicable Insurance Code means, as to any Insurance Subsidiary, the insurance code of any state where such Insurance Subsidiary is domiciled or doing insurance business and any successor statute of similar import, together with the regulations thereunder, as amended or otherwise modified and in effect from time to time. References to sections of the Applicable Insurance Code shall be construed to also refer to successor sections.

Applicable Insurance Code with respect to any Insurance Subsidiary, the insurance code of any jurisdiction where such Insurance Subsidiary is domiciled or is conducting an insurance business, as in effect from time to time and including any successor code or statute thereto, together with the regulations issued thereunder.

Examples of Applicable Insurance Code in a sentence

Such opinion shall be in the format prescribed by the Applicable Insurance Code of the state of domicile of ZIC.
Promptly, upon knowledge of the Borrower or any Insurance Subsidiary, to the Agent (who shall promptly deliver such reports to the Banks), notice of any actual or proposed changes in any Applicable Insurance Code, if such changes could reasonably be expected to have a Material Adverse Effect.
Schedule 3.05 lists, as of the Effective Date, all of the jurisdictions in which each Insurance Company holds active licenses, certificates of authority, permits or other authorizations to transact insurance and reinsurance business or to act as an insurance agent or broker issued under or pursuant to a Material Applicable Insurance Code (collectively, the “Licenses”).
The Statutory Statements of the Company complied and the Subsequent Period Financial Statements will comply in all material respects with SAP and the Applicable Insurance Code, and were or will be complete and correct in all material respects when filed, and no material deficiency has been asserted in writing with respect to any of the Statutory Statements of the Company by any Applicable Insurance Department.
No License is the subject of a proceeding for suspension or revocation or any similar proceedings, there is no sustainable basis for such a suspension or revocation, and to the knowledge of the Borrower no such suspension or revocation has been threatened under or pursuant to a Material Applicable Insurance Code, except in any such case where such proceedings, suspension or revocation would not reasonably be expected to have a Material Adverse Effect.
Such statement shall be in the format prescribed by the Applicable Insurance Code of the state of domicile of such Insurance Subsidiary.
Without limiting the generality of the foregoing, the Borrower will cause each Insurance Subsidiary at all times to comply, in all material respects, with its Applicable Insurance Code and the other requirements applicable to it of its Insurance Regulatory Authority.
Without limiting the generality of the preceding sentences, each Insurance Subsidiary is in compliance, in all material respects, with its Applicable Insurance Code and the other requirements applicable to it under its Insurance Regulatory Authority.
All Statutory Statements of FSIC complied and the subsequent period Statutory Statements will comply in all material respects with SAP and the Applicable Insurance Code, and were or will be complete and correct in all material respects when filed, and no material deficiency has been asserted in writing with respect to any of the Statutory Statements of FSIC by any Applicable Insurance Department.
The parties hereby acknowledge and agree that the calculation of “total adjusted capital” and “Authorized Control Level RBC” are annual calculations in the Applicable Insurance Code, and therefore the calculations performed pursuant to this Section 6.13 for the first, second and third Fiscal Quarter of each Fiscal Year will be the Company’s best estimate using risk-based capital calculation principles.

More Definitions of Applicable Insurance Code

Applicable Insurance Code means the insurance laws to which the Company is subject, including the insurance laws of the State of Missouri. In all cases, Applicable Insurance Code shall include the rules and regulations promulgated under any of the foregoing laws.

Applicable Insurance Code. As to ACIC, the insurance code of the State of Minnesota and any successor statute of similar import, together with the regulations thereunder, as amended or otherwise modified and in effect from time to time. References to sections of the Applicable Insurance Code shall be construed to also refer to successor sections.

Applicable Insurance Code means the insurance laws to which the Company is subject, including the insurance laws of the State of North Carolina. In all cases, Applicable Insurance Code shall include the rules and regulations promulgated under any of the foregoing laws.

Applicable Insurance Code means, as to any Insurance Company, the insurance code or other insurance statute of any jurisdiction where such Insurance Company is domiciled and any successor statute of similar import, together with regulations thereunder, as amended or otherwise modified and in effect from time to time. “Applicable Insurance Regulatory Authority” means, with respect to any Insurance Company, the insurance commission or similar Governmental Authority which regulates insurance companies located in the jurisdiction in which such Insurance Company is domiciled. “Applicable Percentage” means, with respect to any Lender at any time, the percentage (carried out to the ninth decimal place) of the Aggregate Commitments represented by such ▇▇▇▇▇▇’s Commitment at such time, subject to adjustment as provided in this Agreement, including Section 2.12. If the commitment of each Lender to make Loans has been terminated pursuant to Section 8.02 or if the Aggregate Commitments have expired, then the Applicable Percentage of each Lender shall be determined based on the Applicable Percentage of such Lender most recently in effect, giving effect to any subsequent assignments. The initial Applicable Percentage of each Lender is set forth opposite the name of such Lender on Schedule 2.01 or in the Assignment and Assumption pursuant to which such Lender becomes a party hereto, as applicable. “Applicable Rate” means, from time to time, the following percentages per annum, based upon the Consolidated Debt to Capitalization Ratio as set forth below: Pricing Level Consolidated Debt to Capitalization Ratio Term SOFR Rate Base Rate Commitment Fee 1 >25% 4.25% 3.25% 0.600% 2 > 15% and < 25% 3.75% 2.75% 0.500%

Applicable Insurance Code. As to HRMPA, the insurance code of any state where such company is domiciled or doing business and any successor statute of similar import, together with the regulations thereunder, as amended or otherwise modified and in effect from time to time. References to sections of the Applicable Insurance Code shall be construed to also refer to successor sections.