Substantial Impairment definition
Substantial Impairment or “Substantially Impair” means that the Commissioner of Insurance Regulation (Commissioner) has solvency concerns that the Insurer may not be able to meet the obligations of its policyholders and has provided the Board with a written explanation. (q) “Surplus” means the Insurer’s admitted assets less the Insurer’s liabilities and refers to the entire Surplus of the Insurer.
Substantial Impairment means that there is a nonconformity with respect to the vehicle which diminishes its value or interferes with its use to a substantial degree. This is a subjective test, which means that the issue of impairment of use or value must be determined from the point of view of the actual buyer (in this case, plaintiffs) rather than what may impair the use or value of the vehicle to any other buyer. Plaintiffs have the burden of proving that the nonconformity substantially impaired the use or value of the vehicle to them and of proving that their assessment had some basis in fact. In this regard, you should consider the purpose for which the plaintiffs purchased the vehicle and whether the nonconformities substantially impaired their ability to use the vehicle for the purposes intended.
Substantial Impairment means that level of disturbance of the values of the SNRA which is incompatible with the standards of the General Management Plan. The proposed activities will be evaluated as to: (i) The period of im pact, (ii) the area affected, and (iii) the importance of the impact on the SNRA values.
More Definitions of Substantial Impairment
Substantial Impairment means impairment of a critical infrastructure facility that lasts for two hours or more or affects one thousand or more retail customers of the affected critical infrastructure facility.
Substantial Impairment or “Substantially Impair” means that the Commissioner of Insurance Regulation (Commissioner) has solvency concerns that the Insurer may not be able to meet the obligations of its policyholders and has provided the Board with a written explanation.