Brokerage Business definition

Brokerage Business means broad classes of business that are underwritten on an individual policy basis by an insurance company’s underwriting staff through wholesale and retail agents, and for which most or all of the services are provided by the insurance company as part of the overall product offering.
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Brokerage Business means the businesses conducted by Holdings, Opco and Advantage Advisers, or any of their respective Subsidiaries (exclusive of the business to be transferred to Value Advisors pursuant to the terms of the Merger Agreement).
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Brokerage Business means the services being provided by a broker registered under the Brokers and Agents Registration Rules, 2001;
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Examples of Brokerage Business in a sentence

  • Brokerage Business shall mean broad classes of business that are underwritten on an individual policy basis by an insurance company’s underwriting staff through wholesale and retail agents, and for which most or all of the services provided by the insurance company as part of the overall product offering.

  • For the Term of this Agreement, Capital Alliance shall indemnify each of the Subsidiaries from all losses and liabilities relating to the Securities Brokerage Business, In order to give effect to this, the Parties shall determine the payments (if any) to be made by Capital Alliance as follows: each Subsidiary shall prepare accounts for each financial year.

  • TICNY, as pool manager, shall negotiate, obtain and maintain such Pool Reinsurance as it deems appropriate with respect to the liabilities of the Brokerage Business Pool, which reinsurance shall inure to the benefit of the Participating Companies according to their respective Pooling Percentages.

  • Save for the prior one-off cash injections according to the Share Purchase Agreement, SE Global shall not be responsible for providing any further funding or cash needs to CAG for the provision of the Advisory Services hereunder, or to the Securities Brokerage Business.

  • It is the responsibility of CAG for the due and proper operation and management of the Securities Brokerage Business as a going concern.

  • For additional information, please see press release titled “BGC Completes Sale of Insurance Brokerage Business to The Ardonagh Group" dated November 1, 2021.

  • The parties entered into the Agreement effective as of April 1, 2006, whereby the Reinsurer agreed to reinsure Brokerage Business written by the Company subject to the terms and conditions as set forth in the Agreement.

  • The Participating Companies acknowledge that, following the acceptance or retention of a percentage of the Brokerage Business Pool by a Participating Company, such pooled business shall be subject to such reinsurance as may be entered into by such Participating Company on or after the Effective Date that is for the benefit of such Participating Company as to its participation in the Brokerage Business Pool and does not inure to the benefit of the Brokerage Business Pool.

  • Beginning with the twelve month period commencing April 1, 2007, the commission may be adjusted every six months on the six month anniversary of the Effective Date based on Net Loss Ratio of the Brokerage Business ceded hereunder from the Effective Date.

  • The Reinsurer shall indemnify the Company, subject to the terms, conditions and exclusions set forth in this Agreement, for the net liability in respect of Ultimate Net Loss and Loss Adjustment Expenses on the Company’s new and renewal Brokerage Business underwritten and produced on behalf of the Company by Tower Risk Management.


More Definitions of Brokerage Business

Brokerage Business means the businesses, including without limitation the securities, brokerage, investment banking and asset management businesses, conducted by Holdings and its controlled Affiliates, but excluding the Value Advisors Business.
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Brokerage Business means, with respect to a Brokerage Sale, the full service retail brokerage business being conducted by the Company in the United States immediately prior to such Brokerage Sale.
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Brokerage Business means the business of brokering raw materials, bulk commodities and ingredients for the benefit of third parties.
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Brokerage Business means the full service retail brokerage business and the "middle-market" institutional business as conducted by Company on the date hereof through its private client division (excluding the Excluded Functions), all as more fully described in Schedule II, which shall not include the Asset Management Business.
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Brokerage Business means all brokerage contracts by and between Strategic Alliance and its clients.
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Related to Brokerage Business

  • home business means a business, service or profession carried out in a dwelling or on land around a dwelling by an occupier of the dwelling which —

  • Alarm business means the business by any individual, partnership, corporation, or other entity of selling, leasing, maintaining, servicing, repairing, altering, replacing, moving or installing any alarm system or causing to be sold, leased, maintained, serviced, repaired, altered, replaced, moved or installed any alarm system in or on any building, structure or facility.

  • the Business means the usual work and activities carried on by the Insured pertaining to his business as specified in the Schedule and no others.

  • insurance business means one or more aspects of the business of selling, issuing or underwriting insurance or reinsurance.

  • Company Business means the business of the Company as presently conducted.

  • Real Estate Business means homebuilding, housing construction, real estate development or construction and related real estate activities, including the provision of mortgage financing or title insurance.

  • Parent Business has the meaning set forth in the Separation and Distribution Agreement.

  • Subject Business means the policy or policies that are the subject of the Insurance Business Transfer Plan.

  • Real estate brokerage activity means any activity that involves offering or providing real estate brokerage services to the public, including:

  • Excluded Business has the meaning set forth in Section ‎9.1.1.

  • Excluded Businesses means Business types which are excluded from application for an Inter-Community Business Licence and includes those Business types referred to in Schedule “A”.

  • Retained Business means any business now, previously or hereafter conducted by Seller or any of its Subsidiaries or Affiliates other than the Business.

  • Retail business means a business which sells its product directly to a consumer.

  • Business Activities shall be deemed to include any activities which are included in the Company's Business now or during the effective period of this Agreement.

  • Retained Businesses means all businesses now, previously or hereafter conducted by Parent, the Sellers or any of their Subsidiaries or Affiliates, other than the Business.

  • Core Business means any material line of business conducted by the Borrower and its Subsidiaries as of the Closing Date and any business reasonably related or incidental thereto.

  • special business means all business transacted at a special meeting of shareholders and all business transacted at an annual meeting of shareholders, except consideration of the financial statements, auditor's report, election of directors and reappointment of the incumbent auditor;

  • Associated Business means a business that owns at least 50% of and controls, directly or indirectly, an authorized business.

  • Transferred Business has the meaning ascribed to such term in the Separation Agreement.

  • Separate Business means each of the activities of the Licensee connected

  • Business activity means that term as defined in section 3(2) of the former single business tax act, 1975 PA 228, or in section 105 of the Michigan business tax act, 2007 PA 36, MCL 208.1105.

  • Controlled unaffiliated business means a company:

  • Affiliated business entity relationship means a relationship, other than a parent- subsidiary relationship, that exists when

  • Active business operations means all business operations that are not inactive business operations.

  • Initial Business Plan means the business plan to be provided by the Franchisee to the Secretary of State as described in paragraph 2.1 of Schedule 13 (Information and Industry Initiatives);

  • Restricted business operations means business operations in Sudan that include power production activities, mineral extraction activities, oil-related activities, or the production of military equipment, as those terms are defined in the Sudan Accountability and Divestment Act of 2007 (Pub. L. 110-174). Restricted business operations do not include business operations that the person (as that term is defined in Section 2 of the Sudan Accountability and Divestment Act of 2007) conducting the business can demonstrate—