C.S.I.O. definition
Examples of C.S.I.O. in a sentence
A Corporate Sponsored Individually Owned (CSIO) policy is defined as a policy underwritten on a guaranteed issue, simplified issue, or fully underwritten basis and owned by the individual insured instead of by a corporation.
A CSIO policy is further defined as SI-1 if it is primarily Corporate Funded and as a SI-2 if it is primarily Individually Funded.
CSIO SI-1 policies may have some element of Individual Funding, but Corporate Funding must be significant enough for a policy to accumulate material account value.
Similarly, CSIO SI-2 policies may have some element of Corporate Funding, but such Corporate Funding will generally be limited to amounts low enough to keep the policy in force without material account value accumulation.
The plans show below may be issued as Corporate Owned Life Insurance (COLI), Bank Owned Life Insurance (BOLI), or Corporate Sponsored Individually Owned (CSIO), as specified for each plan.
For federal income tax purposes, amounts payable to the LIBOR Certificateholders from the Maturity Reserve Accounts shall be deemed to be paid to the Coupon Strip Reserve Account from the Class X REMIC, by the Holder of the Class X Certificates (in respect of the Class CSIO Interest) and to the Excess Cashflow Account from the Class X REMIC, by the Holder of the Class X Certificates (in respect of the Class X Interest).
Provided the Tenant has executed and delivered the Lease, a CSIO certificate of insurance evidencing compliance with all insurance requirements set out herein, the Tenant shall be granted non-exclusive occupancy of the Premises on September 1, 2020 (the “Early Possession Date”).
Prior to taking possession of the Premises, Tenant shall provide to Landlord a CSIO Certificate of Insurance.
COP shall cooperate, and shall cause its subcontractors to cooperate, with performance of security audit and penetration tests by CSIO.
If information is provided to COP or any subcontractor by the DOR, COP shall comply, and shall cause its subcontractors to comply, with the State’s Cyber Security Policies, which the CSIO has promulgated pursuant to CRS §§24-37.5-401 through 406 and 8 CCR 1501-5.