Captive insurance company definition

Captive insurance company means any pure captive insurance company, association captive

Captive insurance company means a pure captive insurance company, association captive insurance company, captive reinsurance company, sponsored captive insurance company, special purpose captive insurance company, or industrial insured captive insurance company formed or licensed under this chapter. For purposes of this chapter, a branch captive insurance company must be a pure captive insurance company with respect to operations in this State, unless otherwise permitted by the director.

Captive insurance company means a Wholly Owned Subsidiary of the Borrower created solely for providing self-insurance for the Borrower and its Subsidiaries and engaging in no other activities other than activities ancillary thereto and necessary for the maintenance of corporate existence.

Examples of Captive insurance company in a sentence

• However, a plan is not considered self-insured merely because one factor the insurer uses in deter- mining the premium is the employer’s prior claims experience.(iii) Captive insurance company.

• As part of its risk management strategy for 2020, TDB is in the process of setting up a Captive insurance company with the objectives of minimizing insurance costs and optimize risk management.

• This criteria is particularly relevant to City Re Limited, the City‟s Captive insurance company, which deposits funds with bank subsidiaries in Guernsey.

• All garments in need of repair shall be delivered on the next scheduled delivery.

• Citigroup Inc., and/or the Tenant has put into place Property Insurance in the amount of $1,500,000,000 with various insurance layers led by Citicorp Insurance USA (a Captive insurance company) along with its reinsurers, for the period June 1, 2006 to March 1, 2008 as reflected in the certificate of insurance attached hereto as Schedule 1.

More Definitions of Captive insurance company

Captive insurance company. ' means any pure captive insurance company, association captive insurance company, agency captive insurance company, industrial insured captive insurance company, risk retention group, protected cell captive insurance company, incorporated cell captive insurance company, or special purpose financial captive insurance company formed or licensed under this chapter;

Captive insurance company means any Subsidiary of the Borrower that is organized and subject to regulation as an insurance company, or the principal purpose of which is to procure insurance for the benefit of the Borrower and/or its Restricted Subsidiaries.

Captive insurance company means the same as that term is defined in Section 31A-1-301.

Captive insurance company means each Subsidiary of the Borrower formed from time to time that engages primarily in the business of insuring risks of the Borrower and its Subsidiaries.

Captive insurance company means a closely−held com- pany owned by one or more organizations, parents, whose original purpose was and may continue to be, to insure some or all of the risks of shareholders or affiliated organizations.

Captive insurance company means a pure captive insurance

Captive insurance company means any of the following formed or holding a certificate of authority under this chapter: