insurance business definition

insurance business means one or more aspects of the business of selling, issuing or underwriting insurance or reinsurance.

insurance business means the undertaking or assumption of liability as an insurer under a contract of insurance:

insurance business means the business of effecting and carrying out contracts -

Examples of insurance business in a sentence

• To what extent is insurers' use of customer data subject to rules or regulation?The Insurance Business Act requires an insurance companies to establish an internal management system for proper handling of customer data, including preparation of company rules, training for employees/officers, controlling access to customer data.

• Life insurers and non-life insurers are both regulated by the Insurance Business Act.

• Operating Expenses related to Insurance Business APPROPRIATIONS Transfer to Shareholders’ Account Transfer to Catastrophe Reserve Transfer to Other Reserves (to be specified) Note: See Notes appended at the end of Form B-PL FORM B-PL Name of the Insurer: Registration No. and Date of Registration with the IRDA PROFIT AND LOSS ACCOUNT FOR THE YEAR ENDED 31ST MARCH, 20___.1. OPERATING PROFIT/(LOSS) Fire Insurance Marine Insurance (c ) Miscellaneous Insurance 2.

• A person who engages in the business of insurance without a license is subject to punishment by imprisonment with work for not more than three years or a fine of not more than 3,000,000 yen (cumulative imposition thereof as the case may be) (Article 315, item 1 of the Insurance Business Act).

• Cowen Insurance Company Limited is authorised under the Insurance Business Act 1998 of the laws of Malta to carry out general business and is regulated by the Malta Financial Services Authority, Triq l-Imdina, Zone 1, Central Business District, Birkirkara, CBD 1010, Malta (Cowen).

More Definitions of insurance business

insurance business. Any insurances or reinsurances falling within the definition of “contract of insurance” in Article 3(1) of the Financial Services and Markets Act 2000 (Regulated Activities) Order 2001.

insurance business means the business of undertaking liability under a contract of insurance to indemnify or compensate a person in respect of loss or damage, including the liability to pay damages or compensation contingent upon the happening of a specified event, and includes life insurance business and reinsurance business.

insurance business means one or more aspects of the business of issuing or underwriting insurance or reinsurance and other businesses reasonably related thereto.

insurance business means the business of, or in relation to the issue of, or the undertaking of liability under, life policies, or to make good or indemnify the insured against any loss or damage, including liability to pay damages or compensation contingent upon the happening of a specified event;

insurance business. ’ means life insurance business or non-life insurance business conducted or regarded as being conducted in the Republic, and includes reinsurance business;

insurance business means business of any of the classes of business specified in the Schedule;

insurance business means the short-term insurance business of the Insurer;