Insurance securitization means a package of related risk transfer instruments, capital market offerings, and facilitating administrative agreements by which all of the following apply:
Insurance securitization means a package of related risk transfer instruments, capital market offerings, and facilitating administrative agreements by which proceeds are obtained by a SPFC directly or indirectly through the issuance of securities, which complies with applicable securities law, and which proceeds are held in trust pursuant to the provisions of this article to secure the obligations of the SPFC under one or more SPFC contracts with a counterparty, where investment risk to the holders of these securities is contingent upon the obligations of the SPFC to the counterparty under the SPFC contract in accordance with the transaction terms.
Insurance securitization. ’ means the issuance of
Examples of Insurance securitization in a sentence
Insurance securitization transactions have been performed by alien companies to utilize efficiencies available to alien companies that are not currently available to domestic companies.
Insurance securitization transactions have been performed through alien companies in order to utilize efficiencies available to alien companies that are not currently available to domestic companies.
The most important product of the Insurance securitization is the catastrophe (CAT) bond.
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Insurance securitization led to the emergence of securities that are issued on the basis of the pool of claims from insurance and reinsurance.
More Definitions of Insurance securitization
Insurance securitization means a package of related risk transfer instruments, capital market offerings, and facilitating administrative agreements, for which a special purpose financial captive insurance company obtains proceeds, either directly or indirectly, through the issuance of securities, where the investment risk to the holders of the securities is contingent upon the obligations of the special purpose financial captive insurance company to the counterparty under the special purpose financial captive insurance company contract, in accordance with the transaction terms, and pursuant to this section. This includes situations where the securitization proceeds are held in trust to secure the obligations of the special purpose financial captive insurance company under one or more special purpose financial captive insurance company contracts.
Insurance securitization or “securitization” means a transaction or a group of related transactions, which may include capital market offerings, that are effected through related risk transfer instruments and facilitating administrative agreements where all or part of the result of such transactions is used to fund the LPS’s obligations under a reinsurance contract with a ceding insurer and by which proceeds are:
Insurance securitization or "securitization" means a transaction or a group of related transactions, which may include capital market offerings, that are effected through related risk transfer instruments and facilitating administrative agreements, in which all or part of the result of such transaction is used to fund a special purpose financial captive insurance company's obligations under a reinsurance contract with a ceding insurer and by which:
Insurance securitization or "securitization" means a
Insurance securitization means a transaction or a group of related transactions:
Insurance securitization means the entering into of
Insurance securitization means a package of related risk transfer instruments, capi- tal market offerings, and facilitating administrative agreements by which all of the following apply: