Captive insurance company means a pure captive insurance company, association captive insurance company, captive reinsurance company, sponsored captive insurance company, special purpose captive insurance company, or industrial insured captive insurance company formed or licensed under this chapter. For purposes of this chapter, a branch captive insurance company must be a pure captive insurance company with respect to operations in this State, unless otherwise permitted by the director.
Pure captive insurance company means a company that
Sponsored captive insurance company means a captive insurance company:
Association captive insurance company means a company that insures risks of the member organizations of the association and their affiliated companies.
Insurance Companies means the companies with whom the Insurance Policies are held.
Captive Insurance Subsidiary means any Subsidiary of the Borrower that is subject to regulation as an insurance company (or any Subsidiary thereof).
Internationally active insurance group means an insurance holding company system:
Title Insurance Company as defined in Section 5.1(l).
Insurance Company The Transferee is an insurance company whose primary and predominant business activity is the writing of insurance or the reinsuring of risks underwritten by insurance companies and which is subject to supervision by the insurance commissioner or a similar official or agency of a state, U.S. territory or the District of Columbia.
Companies means Borrower and its Subsidiaries; and “Company” shall mean any one of them.
Insurance group means the persons that comprise an insurance holding company system.
Specified Insurance Company means any Entity that is an insurance company (or the holding company of an insurance company) that issues, or is obligated to make payments with respect to, a Cash Value Insurance Contract or an Annuity Contract.
Insurance premium finance company means a person engaged in the business of
Co-insurance means the percentage of the usual, reasonable, customary, and fair market value expense that a covered person must pay.
life insurance business means the business of providing or undertaking to provide policy benefits under life policies;
Reinsurance means the activity consisting in accepting risks ceded by an insurance undertaking or by another reinsurance undertaking or, in the case of the association of underwriters known as Lloyd's, the activity consisting in accepting risks, ceded by any member of Lloyd's, by an insurance or reinsurance undertaking other than the association of underwriters known as Lloyd's;
Ocean marine insurance means insurance against loss of or damage to:
Insurance holding company system means a group of two or more affiliated persons, at least one of whom is an insurer.
Insurance means comprehensive insurance of the vehicle(s)/equipment and shall include insurance of the crew.
Life insurance means insurance coverage on human lives including benefits of endowment and annuities, and may include benefits in the event of death or dismemberment by accident and benefits for disability income and unless otherwise specifically excluded, includes individually issued annuities.
long-term insurance business means the business of providing or undertaking to provide policy benefits under long-term policies, but does not include -
Company Insurance Policies has the meaning set forth in Section 4.15.
Life insurance producer means any person licensed in this state as a resident or nonresident insurance producer who has received qualification or authority for life insurance coverage or a life line of coverage pursuant to chapter 522B.
financial group means a group that consists of a legal person or legal arrangement exercising control and coordinating functions over the rest of the group for the application of group supervision under the Core Principles, and its branches and subsidiaries that are financial institutions as defined in section 27A(6) of the MAS Act or the equivalent financial institutions outside Singapore;
group insurance means insurance, other than creditor’s group insurance and family insurance, whereby the lives of a number of persons are insured severally under a single contract between an insurer and an employer or other person; (“assurance collective”)
Franchise insurance means an individual insurance policy provided through a