Casualty insurance company definition

Casualty insurance company means an insurer authorized, as defined in section 108 of the act, MCL 500.108, to transact casualty insurance business in this state, or an eligible unauthorized insurer recognized by the director of insurance pursuant to section 1920 of the act, MCL 500.1920.
Casualty insurance company is rated "A- (Excellent)" and Workers' Compensation and Indemnity Company is rated "A- (Excellent)" by A.M. Best Company ("A.M. Best") for 1995 and neither the Company nor any such Subsidiaries is aware of any threatened or pending downgrading in the Company's or any such Subsidiaries' A.M.

Examples of Casualty insurance company in a sentence

  • Its purpose is to describe various valuation approaches presented in introductory finance textbooks and to discuss practical implementation issues that arise when using these methods to value a Property & Casualty insurance company.

  • You are given the following information for a Property and Casualty insurance company: A rate change is proposed that will result in a permissible loss ratio of 60%.

  • There will be some impact to local governments in the new edition.

  • This will require each Property and Casualty insurance company writing business in Minnesota, in the lines described in Section III, to designate a disaster liaison to serve in this role.

  • As part of the initiative, 05-17-2017Klapec Trucking Co. earns awardKlapec Trucking Co. was presented with a Platinum award by Great West Casualty insurance company as part of its annual National Safety Awards program.

  • We will discuss other modeling issues such as selection oƒ explanatory variables, goodness oƒ ƒit and residual analysis in later chapters in terms of a particular insurance (claim) data.CHAPTER IIPROPERTY AND CASUALTY LOSS RESERVE A Property and Casualty insurance company is different than any other financial institutions in terms of its liability for claims, which is the top-most priority for an insurance company.

  • Disaster Liaison Information – Each Property and Casualty insurance company with exposure in the lines described in Section III.

  • Southport then bought Imperial Fire and Casualty insurance company in Louisiana, paying $25 million up front.

  • His previous appointments include chairman of the Audit Committee of an NYSE-listed Property and Casualty insurance company.

  • She designed forms for CUNA and General Casualty insurance company and sold printing for Econoprint and Straus Printing before joining the Office of Court Operations this spring.

Related to Casualty insurance company

  • Casualty insurance means liability insurance.

  • Property Insurance is defined in Section 6.10(a).

  • Fidelity Insurance means insurance coverage with respect to employee errors, omissions, dishonesty, forgery, theft, disappearance and destruction, robbery and safe burglary, property (other than money and securities) and computer fraud in an aggregate amount acceptable to Seller’s regulators.

  • Insurance Companies means the companies with whom the Insurance Policies are held.

  • Mortgage guaranty insurance means surety insurance under which a mortgagee or other creditor is indemnified against losses caused by the default of a debtor.

  • Credit property insurance means insurance:

  • 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.

  • Liability Insurance means compulsory professional liability errors and omissions insurance required by a governing body;

  • General Liability Insurance Subcontractor shall carry minimum primary General Liability Insurance for the following amounts:

  • 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.

  • D&O Liability Insurance Policies means all insurance policies (including any “tail policy”) of any of the Debtors for liability of any current or former directors, managers, officers, and members.

  • Insurance means comprehensive insurance of the vehicle(s)/equipment and shall include insurance of the crew.

  • Company Insurance Policies has the meaning set forth in Section 4.15.

  • Professional liability insurance means insurance against legal liability incident to the practice of a profession and provision of a professional service.

  • Insurance Coverage Contractor shall, at Contractor’s sole expense, procure, maintain and keep in force for the duration of this Contract the following insurance conforming to the minimum requirements specified below. Unless specified herein or otherwise agreed to by the City, the required insurance shall be in effect prior to the commencement of work by Contractor and shall continue in force as appropriate until the latter of:

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

  • Blanket insurance policy means a group policy covering a defined class of

  • First party insurance means an insurance policy or contract in which the insurer agrees to pay a claim submitted to it by the insured for the insured's losses.

  • 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”)

  • Title Insurance Company as defined in Section 5.1(l).

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

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

  • Insurance premium finance company means a person engaged in the business of

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

  • Insurance and Condemnation Proceeds shall have the meaning assigned to such term in the Servicing Agreement or such other analogous term used in the Servicing Agreement.

  • Insurance adjuster means a person who directs or conducts the investigation, negotiation, or settlement of a claim under an insurance policy other than life insurance or an annuity, on behalf of an insurer, policyholder, or a claimant under an insurance policy.