Approved Insurance Company definition

Approved Insurance Company means an insurance company (including captive insurance companies) that has an international reputation and whose interactive insurer financial strength rating is BBB or higher by S&P or A- or higher by AM best.

Approved Insurance Company means an insurance company (including captive insurance companies) whose long term unsecured and unguaranteed debt is not less than at least 2 (two) of the following ratings:

Approved Insurance Company means an insurance company (including captive insurance companies) that has an international reputation and whose long term unsecured and unguaranteed debt is rated BBB or higher by S&P or Baa2 or higher by Moody's. [“Compagnia Assicuratrice Approvata” in the Italian text]

Examples of Approved Insurance Company in a sentence

• Contractor is required to take third party insurance cover for an amount of 5% (five percent) of Contract Value from an Approved Insurance Company for insurance against any damage, injury or loss which may occur to any person or property including that of EPI, arising out of the execution of the works or temporary works.

• Contractor is required to take insurance cover as per requirement of the Workmen’s Compensation Act, 1923 amended from time to time from an Approved Insurance Company and pay premium charges thereof.

• III.11 INSURANCE III.11.1 Operating Company insurance The Operating Company must have an insurance policy with an Approved Insurance Company in compliance with the requirements of Annex (d) (the "Terminal Insurance Policy"), which shall be in effect from the date that it first becomes obliged to provide the Service under a Capacity Agreement until the date it ceases to be obliged to provide the Service under any Capacity Agreement.

• Contractor is required to take third party insurance cover for an amount of 5%(five percent) of Contract Value from an Approved Insurance Company for insurance against any damage, injury or loss which may occur to any person or property including that of EPI, arising out of the execution of the works or temporary works.

• Approved Insurance Company, as per clauses duly approved by Finance Deptt.

• Tender MUST be accompanied by an Original bid security of Ksh 500,000.00 (Five Hundred Thousand Shillings only) issued in Kenya shillings or a freely convertible currency and in the form of bank guarantee, or an insurance guarantee from PPRA Approved Insurance Company and valid for a period of 120 days from the date of tender opening.

• The Administrator may make a transfer payment in respect of a Member to some other employee benefit arrangement, organisation or government, or to an Approved Insurance Company.

• III.11 INSURANCE III.11.1 Operating Company insurance The Operating Company must have an insurance policy with an Approved Insurance Company in compliance with the requirements of Annex (d) (the "Terminal Insurance Policy"), which shall be in effect from the date that it first becomes obliged to provide the Service under aCapacity Agreement until the date it ceases to be obliged to provide the Service under any Capacity Agreement.

• Contractor is required to take insurance cover as per requirement of the Workmen‘s Compensation Act, 1923 amended from time to time from an Approved Insurance Company and pay premium charges thereof.

More Definitions of Approved Insurance Company

Approved Insurance Company means an insurance company approved by the Minister for the purpose of this Act;

Approved Insurance Company means an insurance company authorised by the competent authority of a Member State under either Articles 4 or 51 of Directive 2002/83/EC of the European Parliament and of the Council of 5 November 2002 concerning life assurance1 to take up the activities referred to under any of Headings I, III, VII and IX in Annex I to that Directive;

Approved Insurance Company means an insurance company authorised by the competent authority of a Member State under either Article 6 or Article 27 of Council Directive 79/267/EEC on the co-ordination of laws, regulations and administrative provisions relating to the taking-up and pursuit of the business of direct life assurance to take up the activities referred to under any of Headings I, III, VII and IX of the Annex of that Directive;