Company Insurance Entities definition

Company Insurance Entities shall have the meaning set forth in Section 4.11(a).
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Examples of Company Insurance Entities in a sentence

  • The aggregate reserves of the Company Insurance Entities as recorded in the Company SAP Statements have been determined in all material respects in accordance with generally accepted actuarial principles consistently applied (except as set forth therein).

  • All reserves of the Company Insurance Entities set forth in the Company SAP Statements are fairly stated in accordance with sound actuarial principles and meet the requirements of all applicable Insurance Laws including the applicable SAP, except where the failure to so state such reserves or meet such requirements, individually or in the aggregate, would not reasonably be expected to have a Material Adverse Effect on the Company.

  • Each of the Subsidiaries through which the Company conducts its material insurance operations (collectively, the "Company Insurance Entities") is listed in Section 3.5 of the Company Disclosure Schedule.

  • None of the Company Insurance Entities has a “policyholders surplus account” within the meaning of Section 815 of the Code which has a positive balance.

  • The Company shall use its reasonable best efforts to maintain the current financial strength ratings of the Company Insurance Entities and shall not take, or cause to be taken, any actions that would reasonably be expected to lead to a downgrading of such ratings (it being understood that the entering into of the ING Transaction Agreement and the Transaction Agreements shall not be a prohibited action).

  • These conditions, along with other matters set forth in Note 22, indicate the existence of a material uncertainty that cast significant doubt about the Company’s ability to continue as a going concern.

  • Each of the Subsidiaries through which the Company conducts its insurance operations (collectively, the "Company Insurance Entities") is listed in Section 4.9 of the Company Disclosure Schedule, along with the jurisdiction in which each Subsidiary is domiciled or commercially domiciled.

  • Each of the Company Insurance Entities that is treated as a domestic corporation for U.S. federal tax purposes is and has been a life insurance company under Section 816(a) of the Code and subject to United States federal income taxation under Section 801 of the Code.

Related to Company Insurance Entities

  • Company Insurance Policies has the meaning set forth in Section 3.14.

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

  • 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.

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

  • 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.

  • insurance business means one or more aspects of the business of selling, issuing or underwriting insurance or reinsurance.

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

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

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

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

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

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

  • general insurance business means any class of insurance business other than long-term insurance business;

  • Casualty insurance means liability insurance.

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

  • 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.

  • Companies means Borrower and its Subsidiaries; and “Company” shall mean any one of them.

  • Primary insurance means the policies listed in this policy’s Umbrella Schedule.

  • First party insurance means an insurance policy or contract in which the insurer

  • 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.

  • 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”)

  • Insurance group means the persons that comprise an insurance holding company system.

  • Crew Insurances means insurances against crew risks which shall include but not be limited to death, sickness, repatriation, injury, shipwreck unemployment indemnity and loss of personal effects.

  • 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.

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

  • 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.