Controlled insurer means a licensed insurer that is either directly or indirectly
Controlled insurer means a licensed insurer that is either directly or indirectly controlled by a producer.
Controlled insurer means a licensed insurer that is controlled, directly or indirectly, by a broker.
Examples of Controlled insurer in a sentence
Controlled insurer" means a licensed property or casualty insurer that is controlled directly or indirectly by a producer.[PL 2017, c.
In this subchapter:(1) "Control" has the meaning described by Sections 823.005 and 823.151, Insurance Code.(2) "Controlled insurer," "domestic insurer," and "holding company" have the meanings assigned by Section 823.002, Insurance Code.(3) "Title insurance," "title insurance agent," and "title insurance company" have the meanings assigned by Section 2501.003, Insurance Code.
More Definitions of Controlled insurer
Controlled insurer means an authorized insurer that is controlled, directly or indirectly, by a
Controlled insurer means a licensed insurer that is
Controlled insurer means a licensed insurer which is controlled, directly or indirectly, by a producer.
Controlled insurer means a licensed insurer which is controlled, directly or indirectly, by an insurance broker.
Controlled insurer means an insurer that is controlled, directly or indirectly, by a producer.
Controlled insurer means a General Insurer over which an Insurance Regulatory Authority (including, for the purposes hereof, the Superintendent of Financial Institutions for Canada), acting under statutory authority or court order, has taken control of the assets of the General Insurer, and, for greater certainty, a General Insurer that is a Controlled Insurer by virtue of the Insurance Regulatory Authority of one Jurisdiction (or the Superintendent of Financial Institutions for Canada) having taken such control shall still be considered to be a Controlled Insurer as regards another Jurisdiction, notwithstanding that the Insurance Regulatory Authority of the latter mentioned Jurisdiction did not take such control;
Controlled insurer means an insurer 70 percent or more of whose stock is owned by a corporation, or by two or more corpo- rations that are under common ownership.