IAIS definition

IAIS means the International Association of Insurance Supervisors.

IAIS means institutional “accredited investors” (as defined in Rules 501(a)(1), (2), (3) and (7) under the Securities Act) who are not also QIBs.

IAIS means institutional “accredited investors” (as defined in Rules 501(a)(1), (2), (3) and (7) under the Securities Act) who are not QIBs.

Examples of IAIS in a sentence

• The Joint Forum (the Basel Committee on Banking Supervision (BCBS), the International Organisation of Securities Commissions (IOSCO) and the International Association of Insurance Supervisors (IAIS)) have given additional background and context to the need for business continuity in its paper of August 2006 titled “High Level Principles for Business Continuity” (www.bis.org).

• If the insurance licensee is not regulated elsewhere (e.g. some countries do not regulate reinsurance firms) or in a jurisdiction not substantially compliant with IAIS Core Principles or FATF standards, then an application for licensing can only be considered after exhaustive enquiries into the firm’s shareholders, management structure and financial position.

• The NAIC coordinates individual state participation in IAIS committees and working groups.

• The BMA may enter into agreements and exchange information with foreign supervisory authorities; it is a signatory to the IAIS MMoU.

• The CNSF may cooperate and exchange information with foreign supervisors if there is an information exchange agreement; a number of such agreements are in place, and the CNSF applied to join the IAIS MMoU in 2010.

More Definitions of IAIS

IAIS means the international body responsible for setting standards for the regulation and supervision of insurance, known as the “International Association of Insurance Supervisors” or such body as may succeed it, by whatever name called;

IAIS has the meaning specified in Section 3.1.

IAIS means institutions that are accredited investors as defined in Rule 501(a) under the Securities Act.

IAIS means the International Association of Insurers Supervisors, an association that represents insurance supervisory authorities from over one hundred ninety jurisdictions and which develops international standards for insurance supervision, provides training to its members, and fosters cooperation between insurance regulators, as well as forging dialogue between insurance regulators and regulators in other financial and international sectors.

IAIS means institutional “accredited investors” (as defined in Rules 501(a)(1), (2), (3) and (7) under the Securities Act) who are not also QIBs. “Incur” means to issue, assume, Guarantee, incur or otherwise become liable for; provided, however, that any Indebtedness or Capital Stock of a

IAIS means institutional “accredited investors” (as defined in Rules 501(a)(1), (2), (3) and (7) under the Securities Act) who are not also QIBs. “Incur” means to issue, assume, Guarantee, incur or otherwise become liable for; provided, however, that any Indebtedness or Capital Stock of aPerson existing at the time such Person becomes a Subsidiary (whether by merger, consolidation, acquisition or otherwise) shall be deemed to be Incurred bysuch Person at the time it becomes a Subsidiary. The term “Incurrence” when used as a noun shall have a correlative meaning. The accretion of principal of a non-interest bearing or other discount security or accrual of payment-in-kind interest shall not be deemed the Incurrence of Indebtedness.

IAIS shall have the meaning set forth in Section 1401.