Branch captive insurance company definition

Branch captive insurance company means an alien captive insurance company licensed by the director to transact the business of insurance in this State through a business unit with a principal place of business in this State.
Branch captive insurance company means an alien captive
Branch captive insurance company means an alien captive insurance company that has a certificate of authority from the commissioner to transact the business of insurance in this state through a captive insurance company that is domiciled outside of this state.

Examples of Branch captive insurance company in a sentence

  • Branch captive insurance company" means any foreign captive insurance company or alien captive insurance company licensed by the commissioner to transact the business of insurance in this state through a business unit with a principal place of business in this state.

  • Branch captive insurance company" means any foreign captive insurance companylicensed authorized by the commissioner to transact the business of insurance in this state through a business unit with a principal place of business in this state.


More Definitions of Branch captive insurance company

Branch captive insurance company means any foreign captive insurance company authorized by the commissioner to transact the business of insurance in this state through a business unit with a principal place of business in this state.
Branch captive insurance company means any alien captive insurance company licensed by the superintendent to transact the business of insurance in this State through a business unit with a principal place of business in this State.[PL 2009, c. 335, §24 (NEW).]
Branch captive insurance company means any foreign captive insurance company authorized by
Branch captive insurance company means any alien captive insurance company that has been issued a Certificate of Authority by the Commissioner to transact the business of insurance in this State through a business unit with a principal place of business in this State, and has not otherwise been issued a Certificate of Authority by the Commissioner to transact insurance under this chapter 69.
Branch captive insurance company means any alien captive insurance company licensed by the commissioner to transact the business of insurance in this state through a business unit with a principal place of business in this state. A branch captive insurance company is a pure captive insurance company with respect to operations in this state, unless otherwise permitted by the commissioner; and
Branch captive insurance company means any foreign captive insurance company licensed by the
Branch captive insurance company means an alien captive insurance company that has a certificate of authority from the commissioner to transact the business of insurance in this state through a business unit with a principal place of business in this state.