Class of business definition

Class of business means all or a distinct grouping of small employers as shown on the records of the small employer carrier.

Class of business shall be defined as each individual class or line of business as delineated by the Retrocedant as of the date hereof as set forth on Exhibit A-1.

Class of business means all or a separate grouping of covered insureds that is permitted by the commissioner in accordance with Section 31A-30-105.

Examples of Class of business in a sentence

• Class of business A4.11.2 Where an Insurer underwrites Contracts of Insurance in Class 1 or Class 2, and those contracts constitute Long-Term Insurance contracts, the Insurer must not calculate a reserving risk component in respect of those contracts but must instead calculate a Long-Term Insurance risk component as set out in section A4.12.

• Class of business: Type in the class of business using capital letters.

• Class of business wise revenue and results have been disclosed in the profit and loss account prepared in accordance with the requirement of Insurance Ordinance, 2000 and the SEC (Insurance) Rules, 2002.

• Class of business training(9) An FSP, key individual, other than a key individual of a Category I FSP, or representative, excluding a representative working under supervision, authorised, approved or appointed prior to commencement of this Notice is deemed to have completed the class of business training contemplated in Part 5 of Chapter 3 in respect of the financial products for which they were so authorised, approved or appointed.

• Said credit may be applied, at the option of the tax-exempt business, against the income tax levied by subsection (a) of Section (3) of this Act or the income tax that apply under said preceding tax incentives laws.

More Definitions of Class of business

Class of business means all or a distinct grouping of small employers

Class of business means all or a separate grouping of

Class of business means all or a distinct grouping of small employers determined in accordance with rules promul- gated by the commissioner under s. 635.05 (4).

Class of business means all or a separate grouping of small employers established

Class of business means all or a separate grouping of small employers established pursuant to 33-22-1808.

Class of business means all or a separate grouping of small employers established under section 26.1-36.3-03.

Class of business means all or a separate grouping of small employers established pursuant to Section 6514 of the Small Employer Health Insurance Reform Act;