Affiliated reinsurance company definition

Affiliated reinsurance company means a company licensed by the
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Affiliated reinsurance company means a company licensed by the Commissioner pursuant to this subchapter to reinsure risks ceded by a ceding insurer that is its parent or affiliate.
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Affiliated reinsurance company means a company licensed by the Commissioner pursuant to this subchapter to reinsure risks ceded by a ceding insurer one or more ceding insurers that is its parent or affiliate are affiliated companies. Subject to the prior approval of the Commissioner, not more than 10 percent of the risks reinsured may be ceded by ceding insurers that are not affiliated companies.
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More Definitions of Affiliated reinsurance company

Affiliated reinsurance company means a company licensed by the Commissioner pursuant to this subchapter to reinsure risks ceded by a ceding
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Affiliated reinsurance company means a company licensed by the Commissioner pursuant to this subchapter to reinsure risks ceded by a ceding insurer that is its parent or affiliate. Affiliate shall have the same meaning as defined in SSAP97.
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Affiliated reinsurance company means a pure reinsurer owned either by a financial undertaking other than an insurer, an EEA insurer, a pure reinsurer, an EEA pure reinsurer or a group of insurance undertakings or reinsurance undertakings to which the Insurance Business (Supplementary Supervision of Insurance and Reinsurance Undertakings in an Insurance Group) Regulations, 2007 apply, or by a non-financial undertaking, the purpose of which is to provide reinsurance cover exclusively for the risks of the undertaking
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Affiliated reinsurance company means a pure reinsurer owned either by a financial undertaking other than an insurer, an EEA insurer, a pure reinsurer, an EEA pure reinsurer or a group of insurance undertakings or reinsurance undertakings to which the‌
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Related to Affiliated reinsurance company

  • Insurance Company The Transferee is an insurance company whose primary and predominant business activity is the writing of insurance or the reinsuring of risks underwritten by insurance companies and which is subject to supervision by the insurance commissioner or a similar official or agency of a state, U.S. territory or the District of Columbia.

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

  • Reinsurance means the activity consisting in accepting risks ceded by an insurance undertaking or by another reinsurance undertaking or, in the case of the association of underwriters known as Lloyd's, the activity consisting in accepting risks, ceded by any member of Lloyd's, by an insurance or reinsurance undertaking other than the association of underwriters known as Lloyd's;

  • 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.

  • Health plan or "health benefit plan" means any policy,

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

  • long-term insurance business means the business of providing or undertaking to provide policy benefits under long-term policies, but does not include -

  • Health insurance issuer means an insurance company, or insurance organization (including a health

  • Title Insurance Company as defined in Section 5.1(l).

  • Individual health insurance coverage means health insurance coverage offered to individuals in the

  • Health-care-insurance receivable means an interest in or claim under a policy of insurance which is a right to payment of a monetary obligation for health-care goods or services provided.

  • Nonprofit corporation means a nonstock corporation organized under ch. 181 that is a nonprofit corporation, as defined in s. 181.0103 (17).