FOIR definition

FOIR shall have the meaning set forth in the first paragraph of page 1.
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FOIR means the Florida Office of Insurance Regulation, or any successor insurance regulator under Florida law.
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FOIR has the meaning specified in the Recitals. “Fraud” means a misrepresentation or omission (i) made either with knowledge or belief as to its falsity, (ii) with an intent to induce the other Person to act or refrain from acting, (iii) in which such other Person acted or refrained from acting in reliance on such representation and (iv) such reliance resulted in Damages to such other Person; provided, however, that for the avoidance of doubt, constructive fraud, fraud by negligent or innocent misrepresentation and fraud by reckless conduct shall not be deemed to constitute Fraud. “Fundamental Representations” has the meaning specified in Section 10.1. “GAAP” means generally accepted accounting principles in the United States, consistently applied. “Governmental Authority” means any federal, state, provincial, municipal, local or foreign government, governmental authority, regulatory or administrative agency, governmental commission, department, board, bureau, agency or instrumentality, court or tribunal, including any entity or organization with the authority to regulate the Business in any jurisdiction in which any Issuer Party operates, including the Florida Office of Insurance Regulation. “Governmental Order” means any order, judgment, injunction, decree, writ, stipulation, determination or award, in each case, entered by or with any Governmental Authority.
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Examples of FOIR in a sentence

  • The ratio of Net Losses plus Insurance Operating Expenses to Net Premiums Written for all Insurance Subsidiaries, as of the last day of each fiscal year, on an Additive Basis, shall not exceed 106% for any one year or 100% for any two consecutive years based on the Annual Statements filed with the FOIR.

  • Accordingly, and not in limitation of the preceding sentence, Buyer and Seller shall cooperate in filing, as soon as practicable after the execution of this Agreement (i) an application by the Company with the IDOI and the FOIR for the redomestication of the Company from Illinois to Florida; and (ii) an application by the Company with the FOIR for a certificate of authority to write all lines of insurance that the Company is writing in any state (the “Company Applications”).

  • Each of the Vesta Releasors represents and warrants hereby that, with the exception of in connection with the Florida Litigation and the FOIR Proceeding, it has not filed any complaints or charges asserting any Claims against any of the Newcastle Releasees with any local, state or federal agency or court, or assigned any such Claim to any other person.

  • The ratio of Net Losses plus Insurance Operating Expenses to Net Premiums Written for all Insurance Subsidiaries, as of the last day of each fiscal year, on an Additive Basis, shall not exceed 104% for any one year or 99% for any two consecutive years based on the Annual Statements filed with the FOIR.

  • Furthermore, Vesta and the Newcastle Group desire to otherwise resolve all matters between them, including those matters at issue in or with respect to the Stockholder Nominations, the Florida Litigation, and the FOIR Proceeding.

  • The Issuer will promptly respond to and, absent material objection, incorporate such comments and changes to enable the Parties to present the Policy Cancellation and Assumption list to the FOIR on May 31, 2022.

  • Notwithstanding anything in this Agreement to the contrary, Vesta shall not reimburse the Newcastle Group for any expenses incurred in connection with the FOIR Proceeding or the Florida Litigation or any appeals associated with either of those two actions.

  • The ratio of Net Losses to Net Premiums Written for all Insurance Subsidiaries, as of the last day of each fiscal year, on an Additive Basis, shall not exceed 70% for any one year or 65% for two consecutive years based on the Annual Statements filed with the FOIR.

  • In addition, the Buyer will promptly file, as soon as practicable after the execution of this Agreement, at its expense, an application to acquire control of the Company with the FOIR, and shall provide a copy of the completed application to Seller prior to filing the application with the FOIR.


More Definitions of FOIR

FOIR. Means a request under the Freedom of Information Act 2000.
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Related to FOIR

  • FOISA means the Freedom of Information (Scotland) ▇▇▇ ▇▇▇▇ and any subordinate legislation made under this Act from time to time or any superseding or amending enactments or regulations, together with any guidance and/or codes of practice issued by the Information Commissioner, the Scottish Information Commissioner and/or any relevant government department in relation to such legislation.

  • SUR means the software use rights agreements which include additional or supplemental terms and conditions under which Software is licensed and which is made available on ▇▇▇.▇▇▇.▇▇▇/▇▇▇▇▇▇▇/▇▇▇▇▇.

  • AICTE means All India Council for Technical Education.

  • CAS means the Court of Arbitration for Sport.

  • FIU means the Financial Intelligence Unit of Trinidad and Tobago established under section 3 of the Financial Intelligence Unit of Trinidad and Tobago Act;