Captive Insurance Program definition

Captive Insurance Program means the program pursuant to which (1) Fronting Carrier #1 or Fronting Carrier #2 (“Insurers) issued terrorism insurance to and other insured parties, each of which had one or more related captive insurance companies; and
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Captive Insurance Program means the captive insurance program and related undertakings established and maintained on a commercially reasonable basis by the Parent and/or the Borrower (for itself and its Subsidiaries) with GTECH Reinsurance, including the making of loans from GTECH Reinsurance to the Parent, the Borrower and/or its Subsidiaries.
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Captive Insurance Program means the reinsurance program facilitated by Columbus Insurance Ltd., a Cayman Island exempted company, in which certain Subsidiaries of the Company (other than ZM and its Subsidiaries) are participants.
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Examples of Captive Insurance Program in a sentence

  • Examples of special funds include the Captive Insurance Administrative Fund, which is funded through fees and premium taxes and supports the State’s Captive Insurance Program and the Wireless Enhanced 911 Fund.

  • Provide all documents reflecting or related to the steps taken by to determine whether to enter the Captive Insurance Program and whether to renew participation in each year subsequent to the initial year.

  • Provide all tax opinions or other documents on which relied in claiming deductions for premium payments under the Captive Insurance Program on its federal income tax returns for the taxable years 2011 and 2012.

  • Describe all steps taken by to determine whether to enter the Captive Insurance Program and whether to renew participation in each year subsequent to the initial year, including, but not limited to research, feasibility or other studies, cost-benefit analyses, cash flow analyses, cost comparisons, meetings, consultation and/or hiring of actuaries, brokers, and other specialists and experts, data gathering, and loss projections.

  • Identify all individuals who participated on behalf of Fronting Carrier #1, Fronting Carrier #2, and/or in the claims adjustment procedures under the Captive Insurance Program.

  • Provide all documents reflecting communications between or among employees, owners, principals, contractors, and/or advisors regarding whether to enter the Captive Insurance Program, whether to renew participation each year, and/or whether to purchase each insurance policy or contract referenced in request No. 1, above.

  • Identify all persons upon whose advice or statements relied in claiming deductions for premium payments under the Captive Insurance Program on its federal income tax returns for the taxable years 2011 and 2012.

  • Produce all documents exchanged among and Fronting Carrier #1 and/or Fronting Carrier#2 preceding entering the Captive Insurance Program or renewing participation in the program in each subsequent year.

  • Provide copies of all prior and subsequent year Federal Income Tax returns filed by for which it participated in the Captive Insurance Program.

  • Identify each individual who participated in decision to enter the Captive Insurance Program and/or to renew participation in each year subsequent to the initial year.

Related to Captive Insurance Program

  • 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.

  • Sponsored captive insurance company means a captive insurance company:

  • Insurance Program or “program” shall mean a program which has been designated as a major program of PRISM under which participating members are protected against designated losses, either through joint purchase of primary or excess insurance, pooling of self-insured claims or losses, purchased insurance or any other combination as determined by the Board of Directors. The Board of Directors, the Executive Committee, or a program’s governing committee may determine applicable criteria for determining eligibility in any insurance program, as well as establishing program policies and procedures.

  • Association captive insurance company means a company that insures risks of the member organizations of the association and their affiliated companies.

  • Internationally active insurance group means an insurance holding company system that:

  • Life insurance producer means any person licensed in this state as a resident or nonresident insurance producer who has received qualification or authority for life insurance coverage or a life line of coverage pursuant to chapter 522B.

  • Pure captive insurance company means a company 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.

  • Captive Insurance Subsidiary means any Subsidiary of the Company that is subject to regulation as an insurance company (or any Subsidiary thereof).

  • Group long-term care insurance means a long-term care insurance policy which is delivered or issued for delivery in this State and issued to:

  • Insurance producer means a person required to be licensed under the laws of this state to sell, solicit or negotiate insurance, including annuities.

  • Insurance Provider s Tender” means the completed Tendering Document submitted by the Insurance Provider to the Procuring Entity

  • Long-term care insurance means group insurance that is authorized by the retirement system for retirants, retirement allowance beneficiaries, and health insurance dependents, as that term is defined in section 91, to cover the costs of services provided to retirants, retirement allowance beneficiaries, and health insurance dependents, from nursing homes, assisted living facilities, home health care providers, adult day care providers, and other similar service providers.

  • National Flood Insurance Program means the program created by the U.S. Congress pursuant to the National Flood Insurance Act of 1968 and the Flood Disaster Protection Act of 1973, as revised by the National Flood Insurance Reform Act of 1994, that mandates the purchase of flood insurance to cover real property improvements located in Special Flood Hazard Areas in participating communities and provides protection to property owners through a Federal insurance program.

  • Co-insurance means the percentage of the usual, reasonable, customary, and fair market value expense that a covered person must pay.

  • Ocean marine insurance means insurance against loss of or damage to:

  • Insurance means (i) all insurance policies covering any or all of the Collateral (regardless of whether the Collateral Agent is the loss payee thereof) and (ii) any key man life insurance policies.

  • long-term insurance business means the business of providing or undertaking to provide policy benefits under long-term policies, but does not include -

  • Insurance holding company system means a group of two or more affiliated persons, at least one of whom is an insurer.

  • life insurance business means the business of providing or undertaking to provide policy benefits under life policies;

  • group insurance means insurance, other than creditor’s group insurance and family insurance, whereby the lives of a number of persons are insured severally under a single contract between an insurer and an employer or other person; (“assurance collective”)

  • Primary Insurance Policy Each policy of primary mortgage guaranty insurance or any replacement policy therefor with respect to any Mortgage Loan.

  • FHA Insurance The contractual obligation of FHA respecting the insurance of an FHA Loan pursuant to the National Housing Act, as amended.

  • Life insurance means insurance coverage on human lives including benefits of endowment and annuities, and may include benefits in the event of death or dismemberment by accident and benefits for disability income and unless otherwise specifically excluded, includes individually issued annuities.

  • Group Policy /”policy” means the breakdown policy as set out in this document;

  • Special Primary Insurance Policy Any Primary Insurance Policy covering a Mortgage Loan the premium of which is payable by the Trustee pursuant to Section 4.04(a), if so identified in the Mortgage Loan Schedule. There are no Special Primary Insurance Policies with respect to any of the Mortgage Loans.