Insurable risk definition

Insurable risk means, with respect to asset-backed securities, as defined in Subsection (D) of this section, that such obligation on an uninsured basis has been determined to be not less than investment grade based solely on the pool of assets backing the insured obligation or securing the insurer, without consideration of the creditworthiness of the issuer.
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Insurable risk means, with respect to asset-backed securities, that such obligation on an uninsured
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Insurable risk means that the obligation on an uninsured basis has been determined to be not less than investment grade. With respect to asset-backed securities as defined in subdivision (c), the determination shall be, based solely on the pool of assets backing the insured obligation or securing the financial guaranty insurance corporation, without consideration of the creditworthiness of the issuer.
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More Definitions of Insurable risk

Insurable risk means, with respect to asset-backed securities, as defined in subsection (e) of this section, that such obligation on an uninsured basis has been determined to be not less than investment grade based solely on the pool of assets backing
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Insurable risk means, with respect to asset-backed securities, that such obligation
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Insurable risk means the risk of any loss, damage or liability against which it is customary to insure, including the risk of damage to property, personal injuries, liability for acts or omissions, losses associated with travel, and losses associated with the maintenance or investment of funds. It includes the risk of events, losses or liabilities occurring or arising outside of New Zealand.
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Related to Insurable risk

  • Insured Risks means fire lightning explosion earthquake storm tempest flood subsidence landslip heave impact terrorism bursting or overflowing of water tanks and pipes earthquake damage by aircraft and other aerial devices or articles dropped there from riot and civil commotion labour disturbance and malicious damage and such other risks as the Academy Trust insures against from time to time subject in all cases to any exclusions or limitations as may from time to time be imposed by the insurers or underwriters;

  • full insurable value means one hundred percent (100%) of the actual replacement cost of the Property (excluding foundation and excavation costs and costs of underground flues, pipes, drains and other uninsurable items).

  • fall risk means any potential exposure to falling either from, off or into;