Fronting company definition

Fronting company means a licensed insurer or licensed home protection company which generally
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Fronting company means a dealer that authorizes a third-party administrator
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Fronting company means an authorised insurer that sells an insurance product on behalf of another entity which maintains the economic risk of such insurance product by way of an indemnity, reinsurance or similar agreement.
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Examples of Fronting company in a sentence

  • In the case of an SPFI, the expected case proformas should be projected for the term of the reinsurance agreement.(7) Rating program (not applicable to SPFIs); (8) Fronting company if operating as a reinsurer; (9) Reinsurance program by line of business, including amount or % reinsured; type of reinsurance (ie.

  • US$) 65 57 （FY 2021） 8 65 +12% 54 41 32 36 27 18 Insurance company Trends in premiums written by Fronting Companies (X.XX$) Fronting company 2010 2012 2014 2016 2018 2020 2021 (FY) 2.0 2.7 +32% 4.5 5.3 8.0 6.7 ⚫ There are more than 700 MGAs in the U.S. market, showing rapid growth.


More Definitions of Fronting company

Fronting company means a licensed insurer that enters into an agreement with an insurer to issue policies in a state on behalf of another insurer.
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Fronting company means a business entity approved under this rule to provide coverage to participating employers through fronting arrangements. “Fronting company” does not include a commercial insurance company or a domestic captive insurance company licensed under 24-A M.R.S. § 6702.
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Fronting company means an entity that engages in a fronting arrangement.
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Fronting company means a licensed insurer or licensed home protection company which generally transfers to one or more unlicensed insurers or unlicensed home protection companies by reinsurance or otherwise all or substantially all of the risk of loss under all of the home protection contracts written by it in this Commonwealth.
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Fronting company means BCS Insurance Company or Physicians Insurance, as the fronting agents for Allianz Life pursuant to the Fronting Contracts.
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Related to Fronting company

  • existing company means a company formed and registered under any of the previous companies laws…”

  • banking company means a banking company as defined in clause (c) of section 5 of the Banking Regulation Act, 1949 (10 of 1949);

  • Holding Companies means, collectively, the Company and Holdings, and each is a “Holding Company”.

  • financial holding company means a financial holding company as defined in point (20) of Article 4(1) of Regulation (EU) No 575/2013;

  • Insurance holding company system means a group of two or more affiliated persons, at least one of whom is an insurer.

  • Holding Company means, in relation to a company or corporation, any other company or corporation in respect of which it is a Subsidiary.

  • Bank Holding Company means a company registered as such with the Federal Reserve pursuant to 12 U.S.C. §1842 and the regulations of the Federal Reserve promulgated thereunder.

  • mixed financial holding company means a mixed financial holding company as defined in point (21) of Article 4(1) of Regulation (EU) No 575/2013;

  • Participating Companies means any insurance company (including Insurance Company) that offers variable annuity and/or variable life insurance contracts to the public and that has entered into an agreement with one or more of the Funds.

  • CFC Holding Company means each Domestic Subsidiary that is treated as a partnership or a disregarded entity for United States federal income tax purposes and that has no material assets other than assets that consist (directly or indirectly through disregarded entities or partnerships) of Equity Interests or indebtedness (as determined for United States tax purposes) in one or more CFCs.

  • Foreign Holding Company means any Subsidiary all or substantially all of the assets of which are comprised of Equity Interests in one or more Foreign Subsidiaries or CFC Debt.

  • Public utility holding company means: (1) any company that,

  • Founding Companies has the meaning set forth in the third recital of this Agreement.

  • Resulting Company means a domestic stock company created

  • New Holding Company means a corporation that is not a bank, association, or national banking association and as to which all of the following apply:

  • Generating Company means any company or body corporate or association or body of individuals, whether incorporated or not, or artificial juridical person, which owns or operates or maintains a generating station;

  • Savings and Loan Holding Company means a company registered as such with the Office of Thrift Supervision pursuant to 12 U.S.C. §1467(a) and the regulations of the Office of Thrift Supervision promulgated thereunder.

  • financial entity means the following entities which meet such criteria or conditions as the Central Government may, in consultation with the financial sector regulator, notify in this behalf, namely:

  • DBS Group means any of DBS’s subsidiaries, DBS’s holding company and any subsidiaries of DBS’s holding company;

  • Qualified CFC Holding Company means a Wholly Owned Subsidiary of the Issuer that is a limited liability company, the primary asset of which consists of Equity Interests in either (i) a Foreign Subsidiary or (ii) a limited liability company the primary asset of which consists of Equity Interests in a Foreign Subsidiary.

  • Operating Companies means, collectively, the Creekside Operating Company, the Mentone Operating Company and the Yucaipa Operating Company. “Operating Company” means any of the Operating Companies.

  • Participating Company Group means, at any point in time, all corporations collectively which are then Participating Companies.

  • Existing source or existing discharger (in the NPDES program) means any source which is not a new source or new discharger.

  • Holding Company Transaction means the occurrence of (a) any transaction (including, without limitation, any acquisition, merger or consolidation) the result of which is that a “person” or “group” within the meaning of Section 13(d) of the Securities Exchange Act of 1934, as amended, (i) becomes the direct or indirect ultimate “beneficial owner,” as defined in Rule 13d-3 under that Act, of common equity of the Issuer representing more than 50% of the voting power of the outstanding Common Stock or (ii) is otherwise required to consolidate the Issuer for purposes of generally accepted accounting principles in the United States, or (b) any consolidation or merger of the Issuer or similar transaction or any sale, lease or other transfer in one transaction or a series of related transactions of all or substantially all of the consolidated assets of the Issuer and its subsidiaries, taken as a whole, to any Person other than one of the Issuer’s subsidiaries; provided that, in the case of either clause (a) or (b), the Issuer or the Acquiror is or becomes a Bank Holding Company or Savings and Loan Holding Company.

  • Bank Holding Company Act means the Bank Holding Company Act of 1956, as amended.

  • Mutual holding company means that term as defined in section 10(o) of the home owners' loan act, chapter 64, titles III and IX of Public Law 101-73, 12 U.S.C. 1467a, and OTS regulations governing mutual holding companies.