Deemer clause definition

Deemer clause means a provision under this title under which upon the
Deemer clause means a provision under this title under which upon the occurrence of a condition precedent, the commissioner is considered to have taken a specific action. If the statute so provides, a condition precedent may be the commissioner's failure to take a specific action.
Deemer clause or "deemer provision" shall mean any clause or provision which establishes a period of time certain, e.g. 90 days, etc., within which time the commissioner must disapprove a particular matter before him or set a hearing and which if no action is taken by the commissioner within the period of time certain, said matter before the commissioner is deemed approved.

More Definitions of Deemer clause

Deemer clause means a provision under this title under which upon the 1487 occurrence of a condition precedent, the commissioner is deemed to have taken a specific 1488 action. If the statute so provides, the condition precedent may be the commissioner's failure to 1489 take a specific action. 1490 (32) "Degree of relationship" means the number of steps between two persons 1491 determined by counting the generations separating one person from a common ancestor and 1492 then counting the generations to the other person. 1493 (33) "Department" means the Insurance Department. 1494 (34) "Director" means a member of the board of directors of a corporation. 1495 (35) "Disability" means a physiological or psychological condition that partially or 1496 totally limits an individual's ability to: 1497 (a) perform the duties of: 1498 (i) that individual's occupation; or 1499 (ii) any occupation for which the individual is reasonably suited by education, training, 1500 or experience; or 1501 (b) perform two or more of the following basic activities of daily living: 1502 (i) eating; 1503 (ii) toileting; 1504 (iii) transferring; 1505 (iv) bathing; or 1506 (v) dressing. 1507 (36) "Domestic insurer" means an insurer organized under the laws of this state. 1508 (37) "Domiciliary state" means the state in which an insurer: 1509 (a) is incorporated; 1510 (b) is organized; or 1511 (c) in the case of an alien insurer, enters into the United States. 1512 (38) (a) "Eligible employee" means: 1513 (i) an employee who: 1514 (A) works on a full-time basis; and 1515 (B) has a normal work week of 30 or more hours; or 1516 (ii) a person described in Subsection (38)(b).
Deemer clause means a provision under this title under which upon the occurrence of a condition precedent, the commissioner is deemed to have taken a specific action.
Deemer clause means a provision under this title under which upon the occurrence of

Related to Deemer clause

  • Due-on-sale clause means a contract provision which authorizes the lender, at its option, to declare due and payable sums secured by the lender's security instrument if all or any part of the property, or an interest in the property, securing the real property loan is sold or transferred without the lender's prior written consent.

  • Additional Clauses means the additional Clauses in Call Off Schedule 14 (Alternative and/or Additional Clauses) and any other additional Clauses set out in the Call Off Order Form or elsewhere in this Call Off Contract;