Assuming company definition
Assuming company has the meaning set forth in the preamble.
Assuming company means a Vermont-domiciled company
Assuming company means a Vermont-domiciled company established specifically to acquire a closed block under a legacy insurance transfer plan approved by the Commissioner.
More Definitions of Assuming company
Assuming company means an insurer as defined in Section 27-14.5-1(6) that has filed an application to assume commercial insurance or reinsurance business pursuant to this Regulation.
Assuming company means the insurance company, fraternal benefit society, health care service contractor, or health maintenance organization which proposes to acquire one or more insurance con- tracts, together with all or substantially all of the liabilities arising under any such insurance contracts or contracts, from a trans- ferring company.
Assuming company means an insurer as defined in R.I. Gen. Laws §
Assuming company will provide administration for all such Run Out Claims in accordance with this Agreement and administration services shall mean those services specified in paragraph A.1 of this Article.
Assuming company means a reinsurer in a reinsurance transaction. The assuming company is obligated to reimburse the ceding company for claims made according to the terms and conditions of the reinsurance contract.
Assuming company means an insurer as defined in R.I. Gen. Laws § 27-14.5-1(6) that has filed an application to assume commercial insurance or reinsurance business pursuant to this Regulation.