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.
Pure captive insurance company means a company that
Sponsored captive insurance company means a captive insurance company:
Captive Insurance Subsidiary means any Subsidiary of the Company that is subject to regulation as an insurance company (or any Subsidiary thereof).
Association captive insurance company means a company that insures risks of the member organizations of the association and their affiliated companies.
Insurance Companies means the companies with whom the Insurance Policies are held.
Internationally active insurance group means an insurance holding company system that:
Industrial insured captive insurance company means a company that insures risks of the industrial insureds that comprise the industrial insured group and their affiliated companies.
Company Subsidiary means a Subsidiary of the Company.
Insurance group means the persons that comprise an insurance holding company system.
Company Subsidiaries means the Subsidiaries of the Company.
Companies means Borrower and its Subsidiaries; and “Company” shall mean any one of them.
Title Insurance Company as defined in Section 6.1(o).
Company has the meaning set forth in the Preamble.
life insurance business means the business of providing or undertaking to provide policy benefits under life policies;
Parent Subsidiary means any Subsidiary of Parent.
Insurance holding company system means a group of two or more affiliated persons, at least one of whom is an insurer.
Insurance Company The Transferee is an insurance company whose primary and predominant business activity is the writing of insurance or the reinsuring of risks underwritten by insurance companies and which is subject to supervision by the insurance commissioner or a similar official or agency of a state, U.S. territory or the District of Columbia.
Specified Insurance Company means any Entity that is an insurance company (or the holding company of an insurance company) that issues, or is obligated to make payments with respect to, a Cash Value Insurance Contract or an Annuity Contract.
Parent Subsidiaries means the Subsidiaries of Parent.
Co-insurance means the percentage of the usual, reasonable, customary, and fair market value expense that a covered person must pay.
Parent means a “parent corporation,” whether now or hereafter existing, as defined in Section 424(e) of the Code.
Current Subsidiary means any Person in which the Company on the Subscription Date, directly or indirectly, (i) owns any of the outstanding capital stock or holds any equity or similar interest of such Person or (ii) controls or operates all or any part of the business, operations or administration of such Person, and all of the foregoing, collectively, “Current Subsidiaries”.
Alaska Native Corporation (ANC) means any Regional Corporation, Village Corporation, Urban Corporation, or Group Corporation organized under the laws of the State of Alaska in accordance with the Alaska Native Claims Settlement Act, as amended (43 U.S.C. 1601, et seq.) and which is considered a minority and economically disadvantaged concern under the criteria at 43 U.S.C. 1626(e)(1). This definition also includes ANC direct and indirect subsidiary corporations, joint ventures, and partnerships that meet the requirements of 43 U.S.C. 1626(e)(2).
Insurance Subsidiaries means, collectively, MGMM Insurance Company, a Nevada corporation and any Subsidiaries formed for the purpose of facilitating and providing insurance coverage and claims services for the Company and its Subsidiaries.
long-term insurance business means the business of providing or undertaking to provide policy benefits under long-term policies, but does not include -