Captive insurance company means a Wholly Owned Subsidiary of the Borrower created solely for providing self-insurance for the Borrower and its Subsidiaries and engaging in no other activities other than activities ancillary thereto and necessary for the maintenance of corporate existence.
Captive insurance company means a pure captive insurance company, association captive insurance company, captive reinsurance company, sponsored captive insurance company, special purpose captive insurance company, or industrial insured captive insurance company formed or licensed under this chapter. For purposes of this chapter, a branch captive insurance company must be a pure captive insurance company with respect to operations in this State, unless otherwise permitted by the director.
Captive insurance company means any pure captive insurance company, association captive
Examples of Captive insurance company in a sentence
Captive insurance company members that were admitted as FHLBank members prior to September 12, 2014, will have their memberships terminated no later than February 19, 2021.
Captive insurance company members that were admitted as FHLBank members on or after September 12, 2014, will have their memberships terminated no later than February 19, 2017.Table 13.6 presents the amount of mandatorily redeemable capital stock at March 31, 2016, by contractual year of redemption.
Captive insurance company members that were admitted as FHLBank members on or after September 12, 2014, will have their memberships terminated no later than February 19, 2017.
More Definitions of Captive insurance company
Captive insurance company means the same as that term is defined in Section 31A-1-301. (7)
Captive insurance company means each Subsidiary of the Borrower formed from time to time that engages primarily in the business of insuring risks of the Borrower and its Subsidiaries.
Captive insurance company means any Subsidiary of the Borrower that is organized and subject to regulation as an insurance company, or the principal purpose of which is to procure insurance for the benefit of the Borrower and/or its Restricted Subsidiaries.
Captive insurance company means any pure captive insurance company, association captive insurance company, industrial insured captive insurance company, risk retention group, protected cell captive insurance company, incorporated cell captive insurance company, or special purpose financial captive insurance company formed or licensed under this chapter;
Captive insurance company means, collectively, (a) GK Insurance Company, organized and licensed to provide insurance under the laws of the State of Vermont, (b) Mayflower Insurance Company, Ltd., organized and licensed to provide insurance under the laws of Bermuda, and (c) such other captive insurance companies that are reasonably acceptable to the Administrative Agent, in each case which conducts no other business (nor suffers to exist any business) other than providing insurance for the benefit of the Company and the Subsidiaries with respect to workmen’s compensation, crime, general liability, auto liability, employee benefits, property risks and live chicken inventory in accordance with Section 5.09 and reinsurance arrangements or customary risk sharing or pooling arrangements with respect thereto.
Captive insurance company means a pure captive insurance
Captive insurance company means any of the following formed or holding a certificate of authority under this chapter: