Indemnity trigger definition
Indemnity trigger means a transaction term by which relief of the issuer’s obligation to repay investors is triggered by its incurring a specified level of losses under its insurance or reinsurance contracts.
Indemnity trigger means a transaction term by which the SPRV’s obligation to pay the ceding insurer for losses covered by a SPRV contract is triggered by the ceding insurer incurring a specified level of losses.
Indemnity trigger means a transaction term by which relief
Examples of Indemnity trigger in a sentence
Indemnity trigger" means a transaction term by which the special purpose reinsurance vehicle's obligation to pay the ceding insurer for losses covered by a special purpose reinsurance vehicle contract is triggered by the ceding insurer incurring a specified level of losses.
More Definitions of Indemnity trigger
Indemnity trigger means a transaction term by which the
Indemnity trigger means a transaction term by i-n- which
Indemnity trigger means a transaction term by which relief of the issuer's obligation to repay investors is triggered by its incurring a specified level of losses under its insurance or reinsurance contracts. "Nonindemnity trigger" means a transaction term by which relief of the issuer's obligation to repay investors is triggered solely by some event or condition other than the individual protected cell company's incurring a specified level of losses under its insurance or reinsurance contracts.)
Indemnity trigger means a transaction term by which the special purpose reinsurance vehicle's obligation to pay the ceding insurer for losses covered by a special purpose reinsurance vehicle contract is triggered by the ceding insurer incurring a specified level of losses. [ 2003, c. 249, §2 (NEW) .]
Indemnity trigger means a transaction term by which relief of the issuer’s obligation to repay investors is triggered by the issuer incurring a specified level of losses under its insurance or reinsurance contracts;
Indemnity trigger has the meaning set forth in Section 11.4.
Indemnity trigger means a transaction term b_y_