Captive insurance companies definition
Captive insurance companies means companies that are wholly owned subsidiaries controlled by the parent company and established to insure the parent company or its other subsidiaries.
Captive insurance companies. DMC Insurance Company, Ltd., a corporation CERCLA: defined in the definition of Environmental Laws. CIMA: defined in Section 3.29(a). Closing: defined in Section 10.1. Closing Date: the date upon which the Closing occurs. Closing Documents: the Warrant Certificate and all other instruments, agreements, certificates or other documents executed or delivered by any Party to another Party at Closing. COBRA: the Consolidated Omnibus Budget Reconciliation Act of 1986, as amended. Code: the Internal Revenue Code of 1986, as amended. Commercially Reasonable Efforts: means efforts that are designed to enable a Party, directly or indirectly, to satisfy a condition to, or otherwise assist in the consummation of, the transactions provided for by this Agreement and that do not require the performing Party to expend any funds or assume liabilities other than expenditures and liabilities that are customary and reasonable in nature and amount in the context of the transaction. Contracts: all written or oral contracts, leases, licenses and agreements relating to the Assets or the operation of the Hospital Businesses to which Seller is a party or by which Seller or any of the Assets are bound, including agreements with payers, physicians and other providers, agreements with health maintenance organizations, independent practice associations, preferred provider organizations and other managed care plans and alternative delivery systems, joint venture and partnership agreements, guarantees of obligations of Joint Ventures and other Persons, management, employment, consultant, independent contractor, change in control, non- compete, retention and severance agreements, vendor agreements, real and personal property leases and schedules, maintenance agreements and schedules, agreements with municipalities and labor organizations, and bonds, mortgages and other loan agreements. Controlled Group: with respect to Seller, a group consisting of each trade or business (whether or not incorporated) which, together with Seller, would be deemed a “single employer” within the meaning of Section 4001(a)(14) of ERISA. Cost Reports: all cost and other reports filed pursuant to the requirements of the Government Payment Programs for payment or reimbursement of amounts due from them. CRNA: CRNAS of Michigan, a Michigan nonprofit corporation. Development Agreement: defined in Section 9.15.
Captive insurance companies means Mohave Transportation Insurance Company, an Arizona corporation, and Red Rock Risk Retention Group Inc., an Arizona corporation, and their respective Subsidiaries.
More Definitions of Captive insurance companies
Captive insurance companies means companies that are wholly owned subsidiaries controlled by the