Insurer definition

Insurer means a person who insures or guarantees for the benefit of the mortgagee all or any portion of the risk of loss upon borrower default on any of the mortgage loans originated, purchased or serviced by the Company or any of its Subsidiaries, including the Federal Housing Administration, the United States Department of Veterans’ Affairs, the Rural Housing Service of the U.S. Department of Agriculture and any private mortgage insurer, and providers of hazard, title or other insurance with respect to such mortgage loans or the related collateral.

Insurer. Any named insurer under any Primary Insurance Policy or any successor thereto or the named insurer in any replacement policy.

Insurer means each life insurance carrier in which there is a Split Dollar Policy Endorsement attached to this Agreement.

Examples of Insurer in a sentence

• If the Insurer does not accept the Borrower’s proposal for Insurance within 21 days of FSL’s acceptance of a Loan Request, FSL may by written notice to the Borrower terminate the applicable Loan Agreement.

• FSL is not deemed to have waived these conditions by forwarding money to the Insurer or the Broker (or any other intermediary broker) under a Loan Agreement and, until they are satisfied (or waived by FSL), such money belongs to FSL.

• The reinsured may be referred to as the Original or Primary Insurer, or Direct Writing Company, or the Ceding Company.

• The Borrower directs FSL to advance the Debt: (a) to the Insurer or the Broker (as applicable) in payment of the Insurance Premium and associated fee(s) relating to each Loan Agreement; and (b) to FSL itself in payment of the FSL Administration Fee specified in the applicable Loan Agreement; and (c) where any Insurance Premium is payable to the Insurer by instalments, FSL will pay the Insurance Premium by the respective due dates.

• FSL will not be obligated to make any advances under a Loan Agreement until: (a) FSL has received the relevant Deposit Amount in cleared funds; (b) the Insurer has accepted the Borrower’s proposal for the Insurance the subject of the relevant Loan Agreement; and (c) FSL has received a properly completed and signed direct debit authority.

More Definitions of Insurer

Insurer means a company required to be licensed under the laws of this state to provide insurance products, including annuities.

Insurer means the issuer of any municipal bond insurance policy insuring the timely payment of the principal of and interest on Bonds or any Series of Bonds.

Insurer means any entity licensed by a state to issue contracts of insurance for any of the lines of insurance covered by this compact.

Insurer means the State Accident Insurance Fund Corporation; an insurer authorized under ORS chapter 731 to transact workers’ compensation insurance in the state; or, an employer or employer group that has been certified under ORS 656.430 that meets the qualifications of a self-insured employer under ORS 656.407.

Insurer means the insurance company issuing the life insurance policy on the life of the Insured.

Insurer means National Union Fire Insurance Company of Pittsburgh, Pa.

Insurer means MAPFRE ASISTENCIA Compañia Internacional de Seguros y Reaseguros Sociedad Anonima, Registered address; Alpha House, 5th Floor, 24A Lime Street, London EC3M 7HS. Company number; FC021974. Branch number; BR008042.