Insurance Activities definition

Insurance Activities means any insurance activity involving the sale of any product or service determined to constitute insurance, assurance or reinsurance by the Laws in effect in any jurisdiction in the world, the conduct of any insurance brokerage activities or services or the provision of insurance advisory services, business processes or software.
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Insurance Activities means any form of insurance of any kind that AIG or any subsidiary does as of the date of determination (or at that time proposes to) underwrite, reinsure, market or sell (any such form of insurance, an “AIG Insurance Product”) or any other form of insurance that is marketed or sold in competition with any AIG Insurance Product. For the avoidance of doubt, if an entity engages solely in self-insurance activities as a part of its operations, such activities will not constitute the engagement in Insurance Activities by the entity.
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Insurance Activities means (i) the property and casualty insurance business, including commercial insurance, business insurance, personal insurance and specialty insurance; (ii) the life, accident and health insurance business; (iii) the underwriting, reinsurance, marketing or sale of (x) any form of insurance of any kind that the Company as of the date of determination does, or proposes to, underwrite, reinsure, market or sell (any such form of insurance, an “AIG Insurance Product”) or (y) any other form of insurance that is marketed or sold in competition with any AIG Insurance Product; or (iv) any other insurance business that as of the date of determination is a direct and material competitor of one of the Company’s insurance businesses. For the avoidance of doubt, if a person or entity engages solely in self-insurance activities as a part of its operations, such activities shall not constitute the engagement in Insurance Activities by such person or entity.
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Examples of Insurance Activities in a sentence

  • Notwithstanding any provision of this Agreement to the contrary, Lender acknowledges that Kinsale Insurance may engage in Permitted Kinsale Insurance Activities without violating the provisions of Section 10.1 through Section 10.8 and Section 10.10 through Section 10.12.

  • Brocksom (2) Retired Chief Executive Officer, Elbury 9 AXA Equity & Law Life Assurance Weedon Lane Society plc Buckinghamshire HP6505 England * Francoise Colloc'h (1) Senior Executive Vice President, Group AXA-UAP Human Resources and Communications, 23, avenue Matignon AXA-UAP 75008 Paris, France * Henri de Castries (1) Senior Executive Vice President Financial AXA-UAP Services and Life Insurance Activities (U.S. 23, avenue Matignon & U.K.), AXA-UAP 75008 Paris, France * Joseph L.

  • Members of the Executive Committee Name, Business Address Present Principal Occupation ---------------------- ---------------------------- Claude Bebear Chairman of the Executive Board Donald Brydon (1) Senior Executive Vice President, AXA Asset Management Europe Henri de Castries Senior Executive Vice President, Financial Services and Insurance Activities (U.S. and U.K.) John Chalsty (2) Senior Executive Vice President; Chairman and Chief Executive Officer, Donaldson, Lufkin & Jenrette, Inc.

  • Prior thereto, he was Senior Executive Vice President Financial Services and Life Insurance Activities in the United States, Germany, the United Kingdom and Benelux from 1996 to 2000; Executive Vice President Financial Services and Life Insurance Activities from 1993 to 1996; General Secretary from 1991 to 1993; and Central Director of Finances from 1989 to 1991 of AXA.

  • Of the plans currently offered by us, known as PGBL and VGBL, the investment risk during the accumulation phase of the plans is for the account of the holders of the policies and we account for them as investment contracts in accordance with the requirements of ASC 944-20, Financial Services – Insurance – Insurance Activities.

  • Insurance Activities Insurance liabilities are future benefits payable under annuity and interest-sensitive life insurance contracts and include deposits received plus interest credited during the contract accumulation period, the present value of future payments for contracts which have annuitized, and a mortality provision for certain products.


More Definitions of Insurance Activities

Insurance Activities means the activities of undertaking liability by the insurer, under a contract of insurance, to pay damages or compensation to the insured contingent upon the happening of an insurance event;
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Insurance Activities means the integrity of actual actions, implemented as entrepreneurial activity, aimed at concluding insurance contracts, fulfilling the commitments assumed thereby, and exercising the rights acquired thereby;
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Related to Insurance Activities

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

  • Service activities means activities in connection with the provision of personal, continuing services to shareholder accounts in the Shares; provided, however, that if the National Association of Securities Dealers, Inc. (“NASD”) adopts a definition of “service fee” for purposes of Section 2830(b)(9) of the NASD Conduct Rules or any successor provision that differs from the definition of “service activities” hereunder, or if the NASD adopts a related interpretive position intended to define the same concept, the definition of “service activities” in this paragraph shall be automatically amended, without further action of the parties, to conform to the then effective NASD definition. Overhead and other expenses related to “distribution activities” or “service activities,” including telephone and other communications expenses, may be included in the information regarding amounts expended for these activities.

  • Insurance Act means the Insurance Act, 1938;

  • life insurance business means the business of providing or undertaking to provide policy benefits under life policies;

  • Flood Insurance Study (FIS means an examination, evaluation, and determination of flood hazards, corresponding water surface elevations (if appropriate), flood hazard risk zones, and other flood data in a community issued by the FEMA. The Flood Insurance Study report includes Flood Insurance Rate Maps (FIRMs) and Flood Boundary and Floodway Maps (FBFMs), if published.

  • Flood Insurance Study means the official report provided by the Federal Insurance Administration that includes flood profiles, the Flood Insurance Rate Map, the Flood Boundary and Floodway Map, and the water surface elevation of the base flood.

  • Flood Insurance Regulations means (i) the National Flood Insurance Act of 1968 as now or hereafter in effect or any successor statute thereto, (ii) the Flood Disaster Protection Act of 1973 as now or hereafter in effect or any successor statue thereto, (iii) the National Flood Insurance Reform Act of 1994 (amending 42 USC 4001, et seq.), as the same may be amended or recodified from time to time, and (iv) the Flood Insurance Reform Act of 2004 and any regulations promulgated thereunder.

  • general insurance business means any class of insurance business other than long-term insurance business;

  • Insured means the Executive.

  • Insurance Regulator any Person charged with the administration, oversight or enforcement of any Insurance Regulation.

  • Insurance Account shall have the meaning set forth in Section 8.6 hereof.

  • Insurance Authority means the Insurance Authority of Hong Kong established pursuant to section 4AAA of the Insurance Ordinance.

  • Insurance Companies means the companies with whom the Insurance Policies are held.

  • Major life activities means functions such as caring for one's self, performing manual tasks, walking, seeing, hearing, speaking, breathing, learning and working.

  • Flood Insurance Laws means, collectively, (i) the National Flood Insurance Act of 1968 as now or hereafter in effect or any successor statute thereto, (ii) the Flood Disaster Protection Act of 1973 as now or hereafter in effect or any successor statue thereto, (iii) the National Flood Insurance Reform Act of 1994 as now or hereafter in effect or any successor statute thereto and (iv) the Flood Insurance Reform Act of 2004 as now or hereafter in effect or any successor statute thereto.

  • Medical malpractice insurance means insurance against legal liability incident to the practice and provision of a medical service other than the practice and provision of a dental service.

  • National Flood Insurance Program means the program created by the U.S. Congress pursuant to the National Flood Insurance Act of 1968 and the Flood Disaster Protection Act of 1973, as revised by the National Flood Insurance Reform Act of 1994, that mandates the purchase of flood insurance to cover real property improvements located in Special Flood Hazard Areas in participating communities and provides protection to property owners through a Federal insurance program.

  • Insurance Policies has the meaning set forth in Section 3.16.

  • Insurance Information means the insurance information required by the Access Provider pursuant to Clause 5(b)(xi) hereof.

  • 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.

  • Activities has the meaning specified in Section 7.02(b).

  • Flood Insurance means the insurance coverage provided under the National Flood Insurance Program.

  • insurance intermediary means any natural or legal person, other than an insurance or reinsurance undertaking or their employees and other than an ancillary insurance intermediary, who, for remuneration, takes up or pursues the activity of insurance distribution;

  • Insurance Fund means the pest control insurance fund established pursuant to this compact.

  • Insurance transaction means any transaction involving insurance primarily for personal, family, or household needs rather than business or professional needs that entails: