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 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.

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

  • Captive insurance company means a pure captive insurance company, association captive insurance company, captive reinsurance company, sponsored captive insurance company, special purpose captive insurance company, or industrial insured captive insurance company formed or licensed under this chapter. For purposes of this chapter, a branch captive insurance company must be a pure captive insurance company with respect to operations in this State, unless otherwise permitted by the director.

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