Insurance Subsidiary means any Restricted Subsidiary which is subject to the regulation of, and is required to file statements with, any governmental body, agency or official in any State or territory of the United States or the District of Columbia which regulates insurance companies or the doing of an insurance business therein.
No License of any Insurance Subsidiary, the loss of which could reasonably be expected to have a Material Adverse Effect, is the subject of a proceeding for suspension or revocation.
All of the Annual Statements and Interim Statements, together with any other financial or similar statements of the Material Insurance Subsidiaries provided to the Administrative Agent, are prepared in accordance with SAP and present fairly in accordance with SAP the financial position of such Material Insurance Subsidiary for the period then ended.
No Insurance Subsidiary shall change its state of domicile or incorporation without the prior written consent of the Required Lenders.
The business of each Insurance Subsidiary is being conducted in all material respects in accordance with the Reinsurance Guidelines.
The Company has made available to Parent a true and complete copy of all actuarial reports prepared by actuaries, independent or otherwise, with respect to any Company Insurance Subsidiary as of any date on or after December 31, 2004, together with all attachments, addenda, supplements and modifications thereto.
More definitions of Insurance Subsidiary
Insurance Subsidiary means Watson Wyatt Insurance Consulting, Inc., a Delaware corporation, and Watson Wyatt Insurance Brokerage, Inc., a Massachusetts corporation.