Assuming insurer definition

Assuming insurer means an insurer domiciled in this State that assumes or seeks to assume policies from a transferring insurer pursuant to this act. An assuming insurer may be a company established pursuant to the State Captive Insurance Company Act.

Assuming insurer means an insurer domiciled in the State

Assuming insurer means the insurer that acquires an insurance obligation or risk, or both, from the transferring insurer pursuant to an assumption reinsurance agreement.

Examples of Assuming insurer in a sentence

• Assuming insurer" means the insurer that acquires an insurance obligation or risk from the transferring insurer pursuant to an assumption reinsurance agreement.[PL 1993, c.

• As used in this chapter: (A) "Assuming insurer" has the same meaning as in section 3901.61 of the Revised Code.(B) "Authorized individual" means an individual authorized by the licensee to access nonpublic information held by the licensee and its information systems.(C) "Ceding insurer" has the same meaning as in section 3901.61 of the Revised Code.(D) "Consumer" means an individual who is a resident of this state and whose nonpublic information is in a licensee's possession, custody, or control.

• As used in this chapter:(A) "Assuming insurer" has the same meaning as in section 3901.61 of the Revised Code.(B) "Authorized individual" means an individual authorized by the licensee to access nonpublic information held by the licensee and its information systems.(C) "Ceding insurer" has the same meaning as in section 3901.61 of the Revised Code.(D) "Consumer" means an individual who is a resident of this state and whose nonpublic information is in a licensee's possession, custody, or control.

• Assuming insurer agrees that it will include such consent in each reinsurance agreement, if requested by the Commissioner.

• Assuming insurer" means the insurer that acquires an insurance obligation or risk from the transferring insurer pursuant to an assumption reinsurance agreement.

More Definitions of Assuming insurer

Assuming insurer means an insurer that, under a reinsurance contract, incurs an obligation to a ceding insurer, the performance of which is contingent on the ceding insurer incurring liability or loss under the ceding insurer's insurance contract with a third person.

Assuming insurer means an insurance company that acquires an insurance obligation or risk from a transferring insurer pursuant to a plan, and that is a domestic insurer or a foreign or alien insurance company that has a certificate of authority issued by the commissioner under chapter 101 of this title.

Assuming insurer means the insurer that acquires an insurance obligation or risk from the transferring insurer pursuant to an assumption reinsurance agreement. [PL 1993, c. 603 (NEW).]

Assuming insurer means an insurer domiciled in this

Assuming insurer means National Legacy Insurance Company—See Section A.

Assuming insurer means an insurer domiciled in Oklahoma that assumes or seeks to assume policies from a transferring insurer pursuant to this act.

Assuming insurer or ‘reinsurer’ means an insurer assuming risk from another insurer;[.]