Examples of Approved Insurer in a sentence
Note that where the insurance risk is insured by a insurer not listed in Note 1(a) or 1(b) then the Participant may arrange for its insurer to obtain a ‘fronting’ policy issued by an Approved Insurer (this is a kind or re-insurance policy issued under a “fronting arrangement” between the two insurers).
Note that where the insurance risk is insured by an insurer no listed in Note 1(a) or 1(b) then the Dealer may arrange for its insurer to obtain a ‘fronting’ policy issued by an Approved Insurer (this is a kind of re-insurance policy issued under a “fronting arrangement” between the two insurers.
Notes 1 Approved Insurer means (a) An Australian registered insurance company which is approved by the Australian Prudential Regulatory Authority (APRA) to conduct general insurance business in Australia; (b) Lloyds Underwriters; (c) A Treasury Managed Fund insurance scheme with the NSW State Government; or (d) The Comcover insurance scheme for the Australian Federal Government.
Approved Insurer means any insurer or reinsurer, or insurance broker, or reinsurance broker, of internationally recognized responsibility and standing in aircraft insurance in each case reasonably acceptable to the Lessor.
Public Liability Insurance On and from the Commencement Date, the Consultant must obtain and maintain public liability insurance coverage with an Approved Insurer for an amount not less than the amount set out in Item 11(a) for any one occurrence.