Premium finance company definition

Premium finance company means a person engaged or purportedly engaged in the business of advancing money, directly or indirectly, to an insurer or agent at the request of an insured pursuant to the terms of a premium finance agreement, including, but not limited to, loan contracts, notes, agreements, or obligations, wherein the insured has assigned the unearned premiums, accrued dividends, or loan payments as security for such advancement in payment of premiums on insurance policies only, and does not include the financing of insurance premiums purchased in connection with the financing of goods and services; and
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Premium finance company means a person engaged in the business of entering into premium finance agreements with in- sureds or of acquiring such premium finance agreements from insurance producers or other premium finance companies. [1969 c.639
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Premium finance company means any person engaged in the business of financing insurance premiums, of entering into premium finance agreements with insureds, or of acquiring premium finance agreements.
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Examples of Premium finance company in a sentence

  • The second questionnaire contains almost all constructs that show the employee satisfaction, perceptions and attitudes towards the organization‟s motivation factors, organization system and technology.

  • No change.3. Premium finance company Finance Company contracts associated with life and health contracts.References in this subsection herein to “policy” or “contract of insurance” includes all life or health agreements regulated under the Florida Insurance Code.


More Definitions of Premium finance company

Premium finance company means a person engaged or purporting to engage in the business of advancing money, directly or indirectly, to an insurer or producer at the request of an insured pursuant to the terms of a premium finance agreement, including but not limited to loan contracts, notes, agreements or obligations, wherein the insured has assigned the unearned premiums, accrued dividends, or loss payments
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Premium finance company means any person engaged in the business of financing insurance premiums, of entering into premium finance agreements with insureds, or of acquiring premium finance agreements. (Source: P.A. 90-655, eff. 7-30-98.)
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Premium finance company means a person engaged in the business of entering into premium finance agreements with in-
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Premium finance company means a person engaged or purporting to engage in the business of advancing money, directly or indirectly, to an insurer or producer at the request of an insured under the terms of a premium finance agreement, including but not limited to,
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Premium finance company means a premium finance agency or premium finance company (i) license pursuant tot his state’s premium finance company or agency licensing requirements; (ii) exempt from this state’s licensing requirements; or (iii) otherwise not required to be license pursuant to this state’s licensing requirements.
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Premium finance company means a person engaged in the business of entering into premium finance agreements or acquiring premium finance agreements from other premium finance companies.
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Related to Premium finance company

  • Insurance premium finance company means a person engaged in the business of

  • Finance Company means any Finance Company or other lender with whom You have agreed a Loan or credit agreement through the Supplying Outlet.

  • Sales finance company means that term as defined in section 2 of the motor vehicle sales finance act, MCL 492.102.

  • Finance Corp. means the Person named as “Finance Corp.” in the first paragraph of this instrument until a successor Person shall have become such pursuant to the applicable terms of this Indenture, and thereafter “Finance Corp.” shall mean such successor Person.

  • Insurance Company The Transferee is an insurance company whose primary and predominant business activity is the writing of insurance or the reinsuring of risks underwritten by insurance companies and which is subject to supervision by the insurance commissioner or a similar official or agency of a state, U.S. territory or the District of Columbia.

  • Corporate Finance Fee means the fee to be paid to the Agent by the Issuer in consideration of corporate finance and structuring services provided by the Agent;

  • Insurance Companies means the companies with whom the Insurance Policies are held.

  • Captive insurance company means a pure captive insurance company, association captive insurance company, captive reinsurance company, sponsored captive insurance company, special purpose captive insurance company, or industrial insured captive insurance company formed or licensed under this chapter. For purposes of this chapter, a branch captive insurance company must be a pure captive insurance company with respect to operations in this State, unless otherwise permitted by the director.

  • Capital One means Capital One, National Association and its successors.

  • Finance Co means any direct, wholly-owned Subsidiary of the Borrower incorporated to become or otherwise serving as a co-issuer or co-borrower of Indebtedness permitted by this Agreement, which Subsidiary meets the following conditions at all times: (a) the provisions of Section 6.12 have been complied with in respect of such Subsidiary, and such Subsidiary is a Restricted Subsidiary and a Loan Party, (b) such Subsidiary shall be a Domestic Subsidiary and (d) such Subsidiary has not (i) incurred, directly or indirectly any Indebtedness or any other obligation or liability whatsoever other than the Indebtedness that it was formed to co-issue or co-borrow (including, for the avoidance of doubt, any additional series, tranche or issuance of such type of Indebtedness) and for which it serves as co-issuer or co-borrower, (ii) engaged in any business, activity or transaction, or owned any property, assets or Equity Interests other than (A) performing its obligations and activities incidental to the co-issuance or co-borrowing of the Indebtedness that it was formed to co-issue or co-borrower and (B) other activities incidental to the maintenance of its existence, including legal, tax and accounting administration, (iii) consolidated with or merged with or into any Person, or (iv) failed to hold itself out to the public as a legal entity separate and distinct from all other Persons.

  • mixed financial holding company means a mixed financial holding company as defined in point (21) of Article 4(1) of Regulation (EU) No 575/2013;

  • Sponsored captive insurance company means a captive insurance company:

  • Asset Management Company/UTI AMC/AMC/Investment Manager means the UTI Asset Management Company Limited incorporated under the Companies Act, 1956, (1 of 1956) replaced by The Companies Act, 2013 (No. 18 of 2013) and approved as such by Securities and Exchange Board of India (SEBI) under sub-regulation (2) of Regulation 21 to act as the Investment Manager to the schemes of UTI Mutual Fund;

  • financial holding company means a financial holding company as defined in point (20) of Article 4(1) of Regulation (EU) No 575/2013;

  • Bank Holding Company means a company registered as such with the Federal Reserve pursuant to 12 U.S.C. §1842 and the regulations of the Federal Reserve promulgated thereunder.

  • Renewable energy means the grid quality electricity generated from renewable energy sources;

  • Falcon has the meaning set forth in the preamble to this Agreement.

  • Asset Management Company/UTI AMC/AMC/Investment Manager means the UTI Asset Management Company Limited incorporated under the Companies Act, 1956, (1 of 1956) [replaced by The Companies Act, 2013 (No.18 of 2013)] and approved as such by Securities and Exchange Board of India (SEBI) under sub-regulation (2) of Regulation 21 to act as the Investment Manager to the schemes of UTI Mutual Fund.

  • Finance means the Division of Finance.

  • banking company means a banking company as defined in clause (c) of section 5 of the Banking Regulation Act, 1949 (10 of 1949);

  • Insurance holding company system means a group of two or more affiliated persons, at least one of whom is an insurer.

  • National City National City Mortgage Co., or any successor thereto.

  • Community Contribution Company means a corporation formed under the laws of British Columbia that includes in its articles the following statement:

  • Association captive insurance company means a company that insures risks of the member organizations of the association and their affiliated companies.

  • LLC means Limited Liability Company.

  • Credit life insurance means insurance on the life of a debtor in connection with