Common use of Insurance Licenses Clause in Contracts

Insurance Licenses. Each Regulated Insurance Company has obtained and maintains in full force and effect all licenses and permits from all regulatory authorities necessary to operate in the jurisdictions in which such Regulated Insurance Company operates, in each case other than such licenses and permits the failure to obtain or maintain, individually or in the aggregate, is not reasonably likely to have a Material Adverse Effect.

Appears in 4 contracts

Samples: Credit Agreement (Superior National Insurance Group Inc), Credit Agreement (Superior National Insurance Group Inc), Credit and Security Agreement (Ceres Group Inc)

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Insurance Licenses. Each Regulated Insurance Company has obtained and maintains in full force and effect all licenses and permits from all regulatory authorities necessary to operate in the jurisdictions in which such Regulated Insurance Company operates, in each case other than such licenses and permits the failure of which to obtain or maintain, individually or in the aggregate, is would not reasonably likely be expected to have a Material Adverse Effect.

Appears in 4 contracts

Samples: Credit Agreement (Partnerre LTD), Credit Agreement (Partnerre LTD), Loan Agreement (Partnerre LTD)

Insurance Licenses. Each Regulated Insurance Company has obtained and maintains in full force and effect all licenses and permits from all regulatory authorities necessary to operate in the jurisdictions in which such Regulated Insurance Company operates, in each case other than such licenses and permits the failure to obtain or maintain, individually or in the aggregate, is could not reasonably likely be expected to have a Material Adverse Effect.

Appears in 4 contracts

Samples: Credit Agreement (Universal American Financial Corp), Credit Agreement (Universal American Financial Corp), Credit Agreement (Universal American Financial Corp)

Insurance Licenses. Each Regulated Insurance Company has obtained and maintains in full force and effect all licenses and permits from all regulatory authorities necessary to operate in the jurisdictions in which such Regulated Insurance Company operates, in each case other than such licenses and permits the failure of which to obtain or maintain, individually or in the aggregate, is not reasonably likely to have a Material Adverse Effect.

Appears in 2 contracts

Samples: Credit Agreement (Trenwick Group LTD), Credit Agreement (Trenwick Group Inc)

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Insurance Licenses. Each Regulated Insurance Company has obtained and maintains in full force and effect all licenses and permits from all regulatory authorities Applicable Insurance Regulatory Authorities necessary to operate in the jurisdictions in which such Regulated Insurance Company operates, in each case other than such licenses and permits the failure to obtain or maintain, individually or in the aggregate, is could not reasonably likely be expected to have a Material Adverse Effect.

Appears in 2 contracts

Samples: Credit Agreement (Universal American Corp.), Credit Agreement (Universal American Financial Corp)

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