Holding company system definition

Holding company system means a holding company and any public utility with which the holding company is an affiliated interest and any company which is an affiliated interest with such public utility and any other company more than 5% of whose own- ership interest is owned directly or indirectly in any chain of successive ownership by such public utility or by such company which is an affiliated interest with such public utility.
Holding company system means an entity comprising two or more affiliated persons.
Holding company system means a holding company, together with its subsidiary companies.

Examples of Holding company system in a sentence

  • Hazardous financial condition' means that, based on its present or reasonably anticipated financial condition, a self-insurer or guarantor is insolvent or, although not yet financially impaired or insolvent, is unlikely to be able to meet its obligations with respect to known claims and reasonably anticipated claims or to pay other obligations in the normal course of business.(7a) 'Holding company system' means an entity comprising two or more affiliated persons.

  • Control is presumed to exist if any person directly or indirectly owns, controls, holds with the power to vote, or holds proxies representing ten percent (10%) or more of the voting securities of any other person.(3) Holding company system.


More Definitions of Holding company system

Holding company system means the same as set out in R.I. Gen. Laws § 27-35-1 et seq.
Holding company system means any holding company, together with all of its subsidiary companies and all mu- tual service companies of which such holding company or any subsidiary company thereof is a member com- pany.
Holding company system. ’ means any holding company, together with all its subsidi- ary companies, and all mutual service compa- nies (as defined in paragraph (13) of this sub- section) of which such holding company or any subsidiary company thereof is a member com- pany (as defined in paragraph (14) of this sub- section).
Holding company system means a structure whereby a parent company directly or indirectly owns or controls more than 50% of the issued and outstanding voting securities of the applicant.
Holding company system. ’ means a hold-
Holding company system means a holding company together with its controlled insurers and controlled persons.
Holding company system. ’ means any