Company Insurance Subsidiary definition

Company Insurance Subsidiary means any Subsidiary of the Company that conducts the business of insurance or reinsurance or is licensed as a Lloyd’s corporate member or Lloyd’s managing agent.

Company Insurance Subsidiary means each Subsidiary of the Company through which insurance operations are conducted.

Company Insurance Subsidiary has the meaning set forth in Section 4.17(a).

Examples of Company Insurance Subsidiary in a sentence

• Solid waste management remains the least priority of many LGUs hence with the least budget allocation.

• Each Company Insurance Subsidiary has, since the date of its inception, been taxed as an insurance company pursuant to Section 831 of the Code.

• The Company SAP Statements were prepared in conformity with SAP applied on a consistent basis and present fairly, in all material respects, the statutory financial condition of such Company Insurance Subsidiary at their respective dates and the results of operations, changes in capital and surplus and cash flow of such Company Insurance Subsidiary for each of the periods then ended.

• Each of the contracts, agreements or arrangements between a Company Insurance Subsidiary and any Agent who has sold, underwritten, produced, managed, administered or issued business for or on behalf of such Company Insurance Subsidiary is, except as would not be material to the Company, valid, binding and in full force and effect in accordance with its terms.

• No Company Insurance Subsidiary is or would be considered by any Governmental Authority to be commercially domiciled in any jurisdiction.

More Definitions of Company Insurance Subsidiary

Company Insurance Subsidiary has the meaning set forth in Section 3.31(a).

Company Insurance Subsidiary means each Subsidiary of the Company that conducts the business of insurance or reinsurance or is licensed as a Lloyd’s corporate member or a Lloyd’s managing agent.

Company Insurance Subsidiary has the meaning ascribed thereto in Section (11)(f) of Schedule C.

Company Insurance Subsidiary means each of Express Reinsurance Company, CareCore NJ, LLC, Medco Insurance Company of New York and Medco Containment Life Insurance Company.

Company Insurance Subsidiary means each Subsidiary of the Company that conducts an insurance business or is authorized as a health maintenance organization or other managed care organization. For the avoidance of doubt, the “Company Insurance Subsidiaries” include Clover Insurance Company and Clover HMO of New Jersey, Inc.

Company Insurance Subsidiary means each Company Subsidiary through which insurance operations is conducted, including Commerce Square Equipment Reinsurance Co. Ltd., Commerce Square Insurance Services, LLC, the Company Broker-Dealer Subsidiary and, prior to the completion of its sale on November 2, 2020, People’s United Insurance Agency, Inc.

Company Insurance Subsidiary means Central Reserve Life Insurance Company. Schedule 4.1(b) sets forth a complete list of the officers and directors of the Company and each Company Subsidiary. Except as set forth on Schedule 4.1(b), the Company and each Company Subsidiary does not have any direct or indirect equity or ownership interest in any other business or entity and does not have any direct or indirect obligation or any commitment to invest any funds in any corporation or other business or entity, other than for investment purposes in the ordinary course of business in accordance with past practices. For purposes of this Agreement, the term "SUBSIDIARY" shall mean any corporation, association or other business entity of which more than 10% of the outstanding voting stock is owned or controlled, directly or indirectly, by the Company or by one or more Company Subsidiaries, or by the Company and one or more of the Company Subsidiaries.