Examples of Residual market mechanism in a sentence
Residual market mechanism" means an association, organization or other entity defined or described in Sections(s) [insert those sections of the state insurance code authorizing the establishment of a FAIR Plan, assigned risk plan, reinsurance facility, joint underwriting association, etc.] Drafting Note: Those states having a reinsurance facility may want to exclude it from this definition if the state's policy is not to disclose to insureds the fact that they have been reinsured in the facility.
Residual market mechanism" means an arrangement, either voluntary or mandated by law, involving participation by insurers in the equitable apportionment among them of insurance which may be afforded applicants who are unable to obtain insurance through ordinary methods.
These forms may be found on the Treasury Web site at https://.treasury.gov/resource-center/fin- mkts/Pages/program.aspx.§ 50.17 General disclosure require- ments for State residual market in- surance entities and State workers’ compensation funds.(a) Residual market mechanism disclo- sure.
These forms may be found on the Treasury Web site at https:// § 50.17.treasury .gov/resource-center/fin- mkts/Pages/program.aspx.§ 50.17 General disclosure require- ments for State residual market in- surance entities and State workers’ compensation funds.(a) Residual market mechanism disclo- sure.