Market Conduct Activities definition

Market Conduct Activities means the marketing, solicitation, application, underwriting, acceptance, sale, purchase, operation, retention, administration, or replacement by means of surrender, partial surrender, loans respecting, withdrawal and/or termination of any Insurance Contract, including without limitation any or all of the acts, omissions, facts, matters, transactions, occurrences, or any oral or written statements or representations made in connection with any of the foregoing, including without limitation those relating to: (A) the vanishing premium concept; (B) race based underwriting; (C) “modal” premium claims; (D) the nature, characteristics, terms, appropriateness, suitability, descriptions and operation of any Insurance Contract; (E) whether any Insurance Contract was, would operate or could function as a pension or retirement plan, investment or savings account, tuition-funding or mortgage-protection plan or other type of investment, savings or thrift vehicle; (F) the fact that a part of the premiums paid would not be credited toward an investment or savings account or the Insurance Contract’s cash value, but would be used to offset the insurer’s commission, sales, administration or mortality expenses; (G) the use of an existing Insurance Contract’s cash value or cash-surrender value by means of a surrender, withdrawal, partial surrender or loan to purchase or maintain a policy; (H) the insurer’s dividend, interest, crediting and cost of insurance and administrative charge policies; dividend scales, illustrations of dividend values, cash values or death benefits; or any other matters relating to dividends, interest crediting rates or cost of insurance and administrative charges; (I) the failure to disclose surrender charges; (J) the providing of tax advice or (K) the providing of Medicaid eligibility advice.
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Market Conduct Activities means the marketing, solicitation, application, underwriting, production, acceptance, sale, purchase, operation, retention, administration, replacement, refunding, reserving, premium collection, conversion, surrender, partial surrender, loans respecting, withdrawal and/or termination of any insurance policy or annuity, and all acts, omissions, facts, matters, transactions, occurrences or oral or written statements or representations made in connection with or directly or indirectly relating to such activities.
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Market Conduct Activities means activities that are carried out in the course of or for the purpose of the marketing, sale or distribution to the public of, or the performance of, any contract of insurance or service that an insurer offers to the public;
Sample 1

Examples of Market Conduct Activities in a sentence

  • To the Knowledge of Seller, neither Seller, the Insurance Companies nor the Producers have engaged in any Market Conduct Activities which violate Law or otherwise enable any third party to recover damages from the Insurance Companies.

  • MARKET CONDUCT ACTIVITIES Based upon direction received from the Delaware Insurance Department, the Exam did not conduct a review of Market Conduct Activities.

  • Market Conduct Activities 15It is recommended that the Company comply with theprovisions of the New York Standard Mortgage Clause, henceforth, when canceling policies, with mortgagees, at the request of the insured.

  • Market Conduct Activities It is recommended that the Company ensure that the wording included 15in its producer termination letters fully complies with Part 218.5(a) of Regulation 90 at all times.

  • It is recommended that the Company comply with Department 10guidelines, as suggested by NAIC guidelines, reinforced by Circular Letter No. 2 of 1977 and obtain a custodial agreement that includes the requirements suggested by the NAIC and the New York Insurance Department.The Company has complied with this recommendation.C. Market Conduct Activities i.

  • Except as set forth on Schedule 3.22; neither Seller, the Company, Dxxxx, Seller’s Affiliates nor, to the Knowledge of Seller, the Producers have engaged in any Market Conduct Activities which violate Applicable Law or otherwise enables any third party to recover damages from the Company or Dxxxx.

  • In addition, it is recommended that the Company’s board of directors 15adopt a plan for keeping and maintaining its books of account outside of New York State and submit this plan to the Superintendent for approval, in accordance with Section 325(b) of the New York Insurance Law.The Company has complied with this recommendation.F. Market Conduct Activities It is recommended that the Company comply with the requirements of 20Department Regulation No. 64.

  • To the Knowledge of Seller, each Insurance Agent, at the time such Insurance Agent engaged in Market Conduct Activities for or on behalf of the Company, was duly licensed as an insurance agent (for the type of Market Conduct Activities engaged in by such Insurance Agent) in the particular jurisdiction in which such Insurance Agent engaged in such Market Conduct Activities and was duly appointed by the Company as an Insurance Agent.

  • In addition, references in this Section 3.19(a) to "Market Conduct Activities" shall not include those aspects of Market Conduct Activities described in Section 3.19(b) below and references in this Section 3.19(a) to laws or regulations shall not include those laws and regulations described in Section 3.19(b) below.

  • Except as set forth on Schedule 3.13(b), to the Knowledge of the Seller, at all times that the Company or its agents, brokers, producers or other sales representatives (collectively, “Insurance Agents”) have engaged in Market Conduct Activities (as defined below), the Market Conduct Activities have conformed in all material respects with the Company’s underwriting and policy issuance guidelines and such Market Conduct Activities have complied in all material respects with all applicable Legal Requirements.


More Definitions of Market Conduct Activities

Market Conduct Activities as defined in Section 3.13(b).
Sample 1
Market Conduct Activities means the marketing, solicitation, application, underwriting, acceptance, sale, purchase, operation, retention, administration, or replacement by means of surrender, partial surrender, loans respecting, withdrawal and/or termination of any insurance policy or annuity (each, a "policy"), including any or all of the acts, omissions, facts, matters, transactions, occurrences, or any oral or written statements or representations made or allegedly made in connection with or directly or indirectly relating to Market Conduct Activities, including those relating to: (A) the vanishing premium concept; (B) the nature, characteristics, terms, appropriateness, suitability, descriptions and operation of any policy; (C) whether any policy was, would operate or could function as a pension or retirement plan, investment or savings account, tuition-funding or mortgage-protection plan or other type of investment, savings or thrift vehicle; (D) the fact that a part of the premiums paid would not be credited toward an investment or savings account or the policy's cash value, but would be used to offset the insurer's commission, sales, administration or mortality expenses; (E) the use of an existing policy's cash value or cash-surrender value by means of a surrender, withdrawal/partial surrender or loan to purchase or maintain a policy; and (F) the insurer's dividend, interest, crediting and cost of insurance and administrative charge policies; dividend scales, illustrations of dividend values, cash values or death benefits; or any other matters relating to dividends, interest crediting rates or cost of insurance and administrative charges.
Sample 1

Related to Market Conduct Activities

  • Motor Sport Activities means any motor sport activities or Recreational Services which are permitted or approved which CAMS regulates or administers by CAMS or otherwise under the responsibility / control of CAMS;

  • Project Activities means the activities to be undertaken or Works to be delivered or Property to be contributed or provided by you, your approved Sub-Grantees or your approved sub- contractors as summarised in the Particulars and more particularly described in the Agreed Proposal for which Xxxxx is payable under this Agreement;

  • Economic activities shall in principle include activities of an industrial, commercial and professional character and activities of craftsmen;

  • Corrupt activities means any corrupt activities as contemplated in the Prevention and Combating of Corrupt Activities Act 2004 (Act no. 12 of 2004)

  • Development Activities means any activity, including the discharge of dredged or fill material, which results directly in a more than de minimus change in the hydrologic regime, bottom contour, or the type, distribution or diversity of hydrophytic vegetation, or which impairs the flow, reach, or circulation of surface water within wetlands or other waters;

  • Regulatory Information Service means a regulatory information service as defined in the FCA Handbook;

  • Medical Affairs Activities means, with respect to any country or other jurisdiction in the Territory, the coordination of medical information requests and field based medical scientific liaisons with respect to Licensed Compounds or Licensed Products, including activities of medical scientific liaisons and the provision of medical information services with respect to a Licensed Compound or Licensed Product.

  • Professional Conduct Committee means the professional conduct committee established by the Council in terms of section 12(2)(b);

  • Covered Conduct means any actual or alleged act, failure to act, negligence, statement, error, omission, breach of any duty, conduct, event, transaction, agreement, service, work, misstatement, misleading statement, or other activity of any kind whatsoever from the beginning of time through the Reference Date of this Agreement (and any past, present, or future consequence of any such act, failure to act, negligence, statement, error, omission, breach of duty, conduct, event, transaction, agreement, service, work, misstatement, misleading statement, or other activity) arising from or relating in any way to (a) the availability, discovery, research, development, manufacture, packaging, repackaging, marketing, promotion, advertising, labeling, relabeling, recall, withdrawal, distribution, delivery, monitoring, reporting, supply, sale, prescribing, dispensing, physical security, warehousing, use or abuse of, or operating procedures relating to, any Product, or any system, plan, policy, procedure, or advocacy relating to any Product or class of Products, including, but not limited to, any unbranded or branded promotion, marketing, or advertising, unbranded information, patient support or assistance, educational programs, consultancy, research, or other programs, campaigns, lobbying, or grants, sponsorships, charitable donations, or other funding relating to any Product or class of Products; (b) the characteristics, properties, risks, or benefits of any Product or class of Products; (c) the monitoring, reporting, disclosure, non-monitoring, non-reporting, or non-disclosure to federal, state, or other regulators of orders for any Product or class of Products; (d) the selective breeding, harvesting, extracting, purifying, exporting, importing, applying for quota for, procuring quota for, handling, promoting, manufacturing, processing, packaging, supplying, distributing, converting, or selling of, or otherwise engaging in any activity relating to, a precursor or component of Product, including but not limited to natural, synthetic, semi-synthetic, or chemical raw materials, starting materials, finished active pharmaceutical ingredients, drug substances, or any related intermediate of Product; and/or (e) diversion control programs or suspicious order monitoring related to any Product. The foregoing is not intended to apply to claims alleging contamination of products.

  • Competitive Activities means any business activities in which the Company or any other member of the Company Group engage (or have committed plans to engage) during the Term of Employment, or, following termination of Employee’s employment hereunder, was engaged in business (or had committed plans to engage) at the time of such termination of employment.

  • Interscholastic Activities means athletic or non-athletic/academic activities where students compete on a school vs. school basis.

  • licensed activities means things authorised to be done by the licence

  • Development Activity means any activity defined as Development which will necessitate a Floodplain Development Permit. This includes buildings, structures, and non-structural items, including (but not limited to) fill, bulkheads, piers, pools, docks, landings, ramps, and erosion control/stabilization measures.

  • Restricted Activities means and includes the following:

  • Competing Activities means the same or similar services as Xxxxxx Xxx Ltd is providing to the Restaurant under this Agreement or other activities having a similar purpose.

  • Clinical Trials means a controlled study in humans of the safety or efficacy of a Product, and includes, without limitation, such clinical trials as are designed to support expanded labeling or to satisfy the requirements of an Agency in connection with any Product Approval and any other human study used in research and Development of a Product.

  • High Risk Activities means uses such as the operation of nuclear facilities, air traffic control, or life support systems, where the use or failure of the Services could lead to death, personal injury, or environmental damage.

  • Prohibited conduct means bullying or cyberbullying as defined in this policy or retaliation or reprisal for asserting, alleging, reporting, or providing information about such conduct or knowingly making a false report about bullying.

  • Financial Conduct Authority means the registering authority for societies registered under the Co-operative and Community Benefit Societies Act 2014 and the Credit Unions Act 1979 set up in terms of the Financial Services Act 2012 or its successor body.

  • Funded Activities means the activities set out in Annex 2 of these Conditions; Funding Period means the period for which the Grant is awarded starting on the Commencement Date and ending on [INSERT PROJECT END DATE]; General Data Protection Regulations and GDPR means (Regulation (EU) 2016/679); Grant means the sum or sums the Authority will pay to the Grant Recipient in accordance with paragraph 4 of these Conditions and subject to the provisions set out at paragraph 26.

  • Motorsport Activities means any motorsport activities or Recreational Services which are permitted or approved which Motorsport Australia regulates or administers or otherwise are under the responsibility / control of Motorsport Australia;

  • Peak Market Activity means a measure of exposure for which credit is required, involving peak exposures in rolling three-week periods over a year timeframe, with two semi-annual reset points, pursuant to provisions of Tariff, Attachment Q, section V.A. Peak Market Activity shall exclude FTR Net Activity, Virtual Transactions Net Activity, and Export Transactions Net Activity. Peak Season:

  • Activities has the meaning specified in Section 7.02(b).

  • Nuclear fuel cycle-related research and development activities means those activities which are specifically related to any process or system development aspect of any of the following: - conversion of nuclear material, - enrichment of nuclear material, - nuclear fuel fabrication, - reactors, - critical facilities, - reprocessing of nuclear fuel, - processing (not including repackaging or conditioning not involving the separation of elements, for storage or disposal) of intermediate or high-level waste containing plutonium, high enriched uranium or uranium-233, but do not include activities related to theoretical or basic scientific research or to research and development on industrial radioisotope applications, medical, hydrological and agricultural applications, health and environmental effects and improved maintenance.

  • Terrorist activity means any deliberate, unlawful act that:

  • Service activities means activities in connection with the provision of personal, continuing services to shareholder accounts in the Shares; provided, however, that if the National Association of Securities Dealers, Inc. (“NASD”) adopts a definition of “service fee” for purposes of Section 2830(b)(9) of the NASD Conduct Rules or any successor provision that differs from the definition of “service activities” hereunder, or if the NASD adopts a related interpretive position intended to define the same concept, the definition of “service activities” in this paragraph shall be automatically amended, without further action of the parties, to conform to the then effective NASD definition. Overhead and other expenses related to “distribution activities” or “service activities,” including telephone and other communications expenses, may be included in the information regarding amounts expended for these activities.