Residual market mechanism definition

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 offered to applicants who are unable to obtain insurance through ordinary methods.

Residual market mechanism means an association, organization or other entity involved

Residual market mechanism means an association, organization, or other entity defined, described,

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.

More Definitions of Residual market mechanism

Residual market mechanism means an association,

Residual market mechanism means an association, organization, or other entity described in Article XXXIII of this Code or Section 7-501 of the Illinois Vehicle Code or any similar association, organization, or other entity. "State" means any state of the United States, the District of Columbia, the Commonwealth of Puerto Rico, Guam, the Northern Mariana Islands, the Virgin Islands, and American Samoa. "Surplus line insurance" means insurance on a risk: (A) of the kinds specified in Classes 2 and 3 of

Residual market mechanism means an arrangement, either voluntary or

Residual market mechanism means an association, organization or other entity involved in the insuring of risks under ORS 735.005 to 735.145, 737.312 or other provisions of the Insurance Code relating to insurance applicants who are unable to procure insurance through normal insurance markets.

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.]

Residual market mechanism means an association, organization, or other entity defined or described in 61-6-144.

Residual market mechanism means an arrangement, either voluntary or mandated by law, involving participation by insurers in the equitable apportionment of risks among insurers for insurance which may be afforded applicants who are unable to obtain insurance through ordinary methods;