Commercial Lines Business definition

Commercial Lines Business means all insurance contracts, policies, certificates, binders, slips, covers or other agreements of insurance, including all supplements, riders, endorsements, renewals and extensions (other than Personal Lines Business) issued by a Tower Company.
Commercial Lines Business means all insurance contracts, policies, certificates, binders, slips, covers or other agreements of insurance, including all supplements, riders, endorsements, renewals and extensions (other than Personal Lines Business) issued by a Company.
Commercial Lines Business means short-term insurance business other than in respect of personal lines business which the policyholder is a juristic person;[Definition of “commercial lines business” substituted by GN 1439/2017 w.e.f. 1 January 2018]

Examples of Commercial Lines Business in a sentence

  • From time to time following the Transaction Closing Date, AmTrust may request from ACP any transition services that AmTrust reasonably determines are necessary for the Commercial Lines Business.

  • From time to time following the Transaction Closing Date, AmTrust may elect to use of all or a portion of the office space used by any of the Companies prior to such date, including, without limitation, employee work stations, telephone and computer equipment and other facilities as AmTrust determines are reasonably necessary for the Commercial Lines Business.

  • For the avoidance of doubt, and notwithstanding anything contained herein to the contrary, no authority is given or obligations assigned or imposed upon Administrator under this Agreement with respect to the administration of Commercial Lines Business written by the Company (including as successor by merger to the Constituent Companies).

  • In exchange for substantial premiums, West Bend sold Plaintiff its Commercial Lines Business Owners policy, Policy No. A554751-1, having effective dates of February 1, 2020 through February 1, 2021 to Plaintiff (“Policy”).

  • By written notice delivered to the Seller and National General within ninety (90) days following the Transaction Closing Date, the Buyer may elect to acquire any assets acquired in the Merger of the Seller or the Affiliates of Tower that are reasonably required to conduct the Commercial Lines Business not included among the Companies that have not previously been transferred to National General or the Personal Lines Companies (the “Post-Closing Purchased Assets”) for no additional consideration.


More Definitions of Commercial Lines Business

Commercial Lines Business means short-term insurance business in respect of which the policyholder is a legal person;
Commercial Lines Business means short-term insurance business other than in respect of personal lines business;
Commercial Lines Business means competing for or engaging in the marketing, sale or distribution of any commercial property, general liability, automobile, workers compensation, umbrella and associated liability insurance coverages designed for and purchased by businesses to cover business risks and properties.
Commercial Lines Business means all insurance contracts, policies, certificates, binders, slips, covers or other agreements of insurance, including all supplements, riders, endorsements, renewals and extensions (other than Personal Lines Business) issued by the Company (including as successor by merger to the Constituent Companies).
Commercial Lines Business means short-term insurance business other than in respect ofCommented [IRFD23]: Amended to align to the Insurance Act definition of commercial lines.Commented [IRFD22]: Personal lines business is defined in the STIA.personal lines business which the policyholder is a juristic person;[Definition of “commercial lines business” substituted by GN 1439/2017 w.e.f. 1 January 2018]
Commercial Lines Business means all business presently written by the standard commercial lines division and the specialty commercial lines division of OCIC and its Affiliates, including but not limited to commercial automobile, inland marine, business owners policies, workers compensation, package policies, general liability, commercial fire, property, glass, crime, umbrellas and excess general liability policies and related coverages.
Commercial Lines Business has the meaning set forth in the Commercial Lines Purchase Agreement.