Transferring insurer definition

Transferring insurer means an insurer or reinsurer that transfers and novates or seeks to transfer and novate obligations or risks, or both, under one or more policies to an assuming insurer pursuant to an Insurance Business Transfer Plan.

Transferring insurer means an insurer or reinsurer that

Transferring insurer means the insurer which transfers an insurance obligation or risk, or both, to an assuming insurer pursuant to an assumption reinsurance agreement.

Examples of Transferring insurer in a sentence

• Transferring insurer" means the insurer that transfers an insurance obligation risk to an assuming insurer pursuant to an assumption reinsurance agreement.[PL 1993, c.

• Consequently, Officers produced an alternative proposition for the CCG to consider which is detailed below.

• The CM shall refer all questions for interpretation of the Contract Documents to the A/E and shall notify the A/E if the presence of the A/E on the s set forth herein Subparagraph 6.17., Contractor Responsibilities.

• Transferring insurer" means a non-admitted insurer that is transferring a closed block to an assuming company under a legacy insurance transfer plan.

• The right to keep the certificate in force referred to in this15 subdivision does not include the right to elect individual coverage under16 the Consolidated Omnibus Budget Reconciliation Act ('COBRA'),17 section 601, et seq., of the Employee Retirement Income Security Act of18 1974, as amended, 29 U.S.C. § 1161, et seq.19 (6) Transferring insurer.

More Definitions of Transferring insurer

Transferring insurer means a non-admitted insurer that is

Transferring insurer means an insurance company that transfers an insurance obligation or risk to an assuming insurer pursuant to a plan, and that is a domestic insurer or a foreign or alien insurance company that has a certificate of authority issued by the commissioner under chapter 101 of this title.

Transferring insurer means a non-admitted insurer that is transferring a closed block to an assuming company under a legacy insurance transfer plan.

Transferring insurer means a nonadmitted insurer that is

Transferring insurer means a nonadmitted insurer that is transferring a closed block to an assuming company under a legacy insurance transfer plan.

Transferring insurer means the insurer that transfers an insurance obligation risk to an assuming insurer pursuant to an assumption reinsurance agreement. [ 1993, c. 603, (NEW) .] SECTION HISTORY 1993, c. 603, (NEW). §762. SCOPE

Transferring insurer means an insurer or