Direct Insurer definition

Direct Insurer means the insurer(s) with whom a Direct Insurance is placed from time to time in accordance with Schedule 7 (Insurance).
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Direct Insurer means any insurer other than a reinsurer, an authorised reinsurer or a captive insurer;
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Direct Insurer means an insurance undertaking, with which the injured party has concluded a third party liability insurance contract;
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Examples of Direct Insurer in a sentence

  • A has a fixed deposit of$100,000 that he intends to pledge with Direct Insurer X for 4 years.

  • Alternative B—at the Direct Insurer Level: In lieu of seeking to reduce its net retention of XXX or AXXX reserves through a reinsurance ceding arrangement, a direct writing insurer may choose to achieve substantially the same economic effect as the above by satisfying the following criteria: a.

  • Provided that, in case the applicant is a Foreign Direct Insurer, then such applicant shall possess paid-up equity capital as per provisions of section 6(1) of the Insurance Act, 1938.

  • There is no question that standard-setting at the international and regional levels is critically important.

  • The Trustee shall administer the Trust Account in its name as trustee for the benefit of the Beneficiary and the Direct Insurer.

  • Each of the Grantor, the Beneficiary and the Direct Insurer agrees to supply the Trustee with any required information if it is not otherwise reasonably available to the Trustee, except for information that is subject to the obligation of confidentiality and is not required by the Trustee to comply with any applicable law, regulation or rule now or hereafter in effect.

  • This Agreement, except for the indemnities provided herein, may be terminated only after the Grantor, the Beneficiary and the Direct Insurer have given the Trustee joint written notice of their intention to terminate this Agreement and the Trust Account (the “Notice of Intention”).

  • Upon receipt of the Notice of Intention, and without further authorization from the Beneficiary or any other Person, the Trustee shall promptly transfer to the Grantor, the Beneficiary or the Direct Insurer, in accordance with the joint direction of the Grantor, the Beneficiary and the Direct Insurer contained in the Notice of Intention, any and all Assets remaining in the Trust Account, at which time all liability of the Trustee with respect to the Assets so transferred shall cease.

  • Notwithstanding anything to the contrary contained in this Agreement, the Trustee shall not date, endorse, record or transfer any Loan Assignment Document except in accordance with the written directions of the Grantor or the applicable investment manager or, (i) upon receipt of a Beneficiary Request for Withdrawal, in accordance with the written direction of the Beneficiary and (ii) upon receipt of a Direct Insurer Request for Withdrawal, in accordance with the written direction of the Direct Insurer.

  • Each of the Grantor, the Beneficiary and the Direct Insurer agrees that the Trustee cannot open the Trust Account hereunder unless and until the Trustee verifies the Grantor’s, the Beneficiary’s and the Direct Insurer’s identity in accordance with the Trustee’s CIP.


More Definitions of Direct Insurer

Direct Insurer shall include any successor of the Direct Insurer by operation of law including, without limitation, any liquidator, rehabilitator, receiver or conservator.
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Direct Insurer means [___], a Connecticut-domiciled life insurer.
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Direct Insurer means the insurer(s) with whom a Direct Insurance is placed from time to time in accordance with paragraph 10 of Part A of Schedule 5 (Covenants)
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Direct Insurer means any insurer other than a reinsurer or a captive insurer;
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Direct Insurer means any insurer other than a reinsurer, an authorised reinsurer or a captive insurer; “director” has the same meaning as in section 4(1) of the Companies Act (Cap. 50);
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Related to Direct Insurer

  • R&W Insurer means AIG Specialty Insurance Company.

  • Member insurer means any person who:

  • Alien insurer means an insurer domiciled outside the United States.

  • Insurer means a person who insures or guarantees for the benefit of the mortgagee all or any portion of the risk of loss upon borrower default on any of the mortgage loans originated, purchased or serviced by the Company or any of its Subsidiaries, including the Federal Housing Administration, the United States Department of Veterans’ Affairs, the Rural Housing Service of the U.S. Department of Agriculture and any private mortgage insurer, and providers of hazard, title or other insurance with respect to such mortgage loans or the related collateral.

  • Environmental Insurance Policy means, with respect to any Mortgage Loan or the related Mortgaged Property or REO Property, any insurance policy covering pollution conditions and/or other environmental conditions that is maintained from time to time in respect of such Mortgage Loan, Mortgaged Property or REO Property, as the case may be, for the benefit of, among others, the Trustee on behalf of the Certificateholders.

  • Insured means the Executive.

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

  • Foreign insurer means an insurer domiciled outside of this state, including

  • Existing insurer means the insurance company whose policy or contract is or will be changed or affected in a manner described within the definition of “replacement.”

  • Blanket insurance policy means a group policy covering a defined class of

  • Self-insurer means any duly qualified individual employer or group self-insurance association authorized by the Commission to self fund its workers' compensation obligations.

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

  • Approved Insurer Each insurance policy shall be issued by insurance companies authorized to do business in the State of Nevada or eligible surplus lines insurers under federal and Nevada law and having agents in Nevada upon whom service of process may be made, and currently rated by A.M. Best as “A-VII” or better.

  • Association Property means that property, real and personal, which is owned or leased by, or is dedicated by a recorded plat to, the association for the use and benefit of its members.

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

  • Sum Insured means the sum as specified in the Schedule to this Policy against the name of Insured / each Insured Person, which sum represents the Company's maximum liability for any or all claims under this Policy during the Policy period for the respective benefit(s) against which the sum is mentioned in the Schedule to this Policy.

  • 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.

  • Health care insurer means a disability insurer, group

  • Qualified Insurer A mortgage guaranty insurance company duly authorized and licensed where required by law to transact mortgage guaranty insurance business and approved as an insurer by Xxxxxx Xxx or Xxxxxxx Mac.

  • Insurers means the underwriters or insurance companies with whom any Obligatory Insurances are effected and the managers of any protection and indemnity or war risks association in which any or the Collateral Vessels may at any time be entered.

  • Insuring entity means an insurer as defined in chapter

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

  • Farm tractor means every motor vehicle designed and used primarily as a farm implement for drawing plows, mowing machines, and other implements of husbandry.

  • In-Orbit Insurance means, with respect to any Satellite (or, if the entire Satellite is not owned by the Borrower or any of its Restricted Subsidiaries, as the case may be, the portion of the Satellite it owns or for which it has risk of loss), insurance (subject to a right of coinsurance in an amount up to $150,000,000) or other contractual arrangement providing for coverage against the risk of loss of or damage to such Satellite (or portion, as applicable) attaching upon the expiration of the launch insurance therefor (or, if launch insurance is not procured, upon the initial completion of in-orbit testing) and attaching, during the commercial in-orbit service of such Satellite (or portion, as applicable), upon the expiration of the immediately preceding corresponding policy or other contractual arrangement, as the case may be, subject to the terms and conditions set forth herein.

  • 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.

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