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
No Borrower will engage, directly or indirectly through its respective Subsidiaries, to any material extent in any business other than (i) the ownership or operation of the Insurance Business, (ii) any business engaged in by a Borrower or its Subsidiaries on or before the Effective Date or (iii) any business reasonably related, ancillary, complementary or incidental thereto or which is financial in nature.
More Definitions of insurance business
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 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. 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 an insurer in effecting, issuing and carrying out insurance;
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;
insurance business means one or more aspects of the business of selling, issuing or underwriting insurance or reinsurance and other businesses reasonably related thereto.