Assuming insurer means an insurer domiciled in this State that assumes or seeks to assume policies from a transferring insurer pursuant to this act. An assuming insurer may be a company established pursuant to the State Captive Insurance Company Act.
Assuming insurer means an insurer domiciled in the State
Assuming insurer means the insurer that acquires an insurance obligation or risk, or both, from the transferring insurer pursuant to an assumption reinsurance agreement.
Examples of Assuming insurer in a sentence
Assuming insurer" means the insurer that acquires an insurance obligation or risk from the transferring insurer pursuant to an assumption reinsurance agreement.[PL 1993, c.
Assuming insurer" means the insurer that acquires an insurance obligation or risk from the transferring insurer pursuant to an assumption reinsurance agreement.
Assuming insurer" means the insurer that acquires an insurance obligation or risk from the transferring insurer pursuant to an assumption reinsurance agreement.[ 1993, c.
More Definitions of Assuming insurer
Assuming insurer means an insurer that, under a reinsurance contract, incurs an obligation to a ceding insurer, the performance of which is contingent on the ceding insurer incurring liability or loss under the ceding insurer's insurance contract with a third person.
Assuming insurer means the insurer that acquires an insurance obligation or risk from the transferring insurer pursuant to an assumption reinsurance agreement. [PL 1993, c. 603 (NEW).]
Assuming insurer means an insurance company that acquires an insurance obligation or risk from a transferring insurer pursuant to a plan, and that is a domestic insurer or a foreign or alien insurance company that has a certificate of authority issued by the commissioner under chapter 101 of this title.
Assuming insurer means an insurer domiciled in this
Assuming insurer means National Legacy Insurance Company—See Section A.
Assuming insurer means an insurer domiciled in Oklahoma that assumes or seeks to assume policies from a transferring insurer pursuant to this act.
Assuming insurer means American Capitol and/or Texas Imperial and includes their agents, successors and assigns.