Municipal bond insurance definition

Municipal bond insurance means a type of surety insur- ance authorized by s. Ins 6.75 (2) (g) which is limited to the guar- anteeing of the performance and obligations of municipal bonds.
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Examples of Municipal bond insurance in a sentence

  • Municipal bond insurance, lines or letters of credit, public or private guaranties, standby bond purchase agreements, collateral assignments, mortgages, and any other available means of providing credit support or liquidity, including, but not limited to, arrangements described in section 315 of the revised municipal finance act, 2001 PA 34, MCL 141.2315.

  • Municipal bond insurance written by the Company insures the full and timely payment of principal and interest when due on scheduled maturity, sinking fund or other mandatory redemption and interest payment dates to the holders of municipal securities.

  • Municipal bond insurance written by the Company insures the full and timely payment of principal and interest when due on scheduled maturity, sinking fund, or other mandatory redemption and interest payment dates to the holders of municipal securities.

  • Municipal bond insurance (“Bond Insurance”) is available and expected.

  • BONDS BACKED BY INSURANCE Municipal bond insurance may be provided by one or more of AMBAC Indemnity Corporation ("AMBAC"), Asset Guaranty Reinsurance Co. ("Asset Guaranty"), Capital Guaranty Insurance Company ("CGIC"), Capital Markets Assurance Corp.

  • Municipal bond insurance policies were purchased to allow the ratings to be increased to Aaa/AAA/AAA on all or a portion of all fixed-rate issues at the time of issuance from 1993 until February 2009, at which point the credit downgrades of insurers resulted in no benefit of insurance to the District.

  • Municipal bond insurance, lines or letters of credit, public or private guaranties, standby bond purchase agreements, collateral assignments, mortgages, or any other available means of providing credit support or liquidity, including, but not limited to, arrangements described in section 315 of the revised municipal finance act, 2001 PA 34, MCL 141.2315.

  • A Plan Participant may generally obtain medical care from any Provider.

  • Ferreira, 2017, The economic effects of public financing: Evidence from municipal bond ratings recalibration, Review of Financial Studies 30, 3223–3268.Agrawal, Ashwini, and Daniel Kim, 2021, Municipal bond insurance and the U.S. drinking water crisis,Working paper .

  • Municipal bond insurance is a contract between the muni issuer and the insurance company.

Related to Municipal bond insurance

  • Insurance Rent the sums described in paragraph 1.1 of Schedule 4; “Insured Risks” the risks of fire (including subterranean fire), lightning, explosion, storm, flood, subsidence, landslip, heave, earthquake, burst or overflowing water pipes, tanks or apparatus, impact by aircraft or other aerial devices and any articles dropped from them, impact by vehicles, terrorism, riot, civil commotion and malicious damage to the extent, in each case, that cover is generally available on normal commercial terms in the UK insurance market at the time the insurance is taken out, and any other risks against which the Landlord reasonably insures from time to time, subject in all cases to any excesses, limitations and exclusions imposed by the insurers;20

  • Mortgage guaranty insurance means surety insurance under which a mortgagee or other creditor is indemnified against losses caused by the default of a debtor.

  • insurance agent means, subject to subsection (2), any person who for any compensation and through any medium does one or more of the following: