Class of business definition

Class of business means all or a distinct grouping of small employers as shown on the records of the small employer carrier.

Class of business means all or a separate grouping of small employers established pursuant to 33-22-1808.

Class of business means all or a separate grouping of

Examples of Class of business in a sentence

• Class of business wise revenue and results have been disclosed in the profit and loss account prepared in accordance with the requirement of Insurance Ordinance, 2000 and the SEC (Insurance) Rules, 2002.

• Table 31: Net earned premium income under general reinsurance business Class of business General reinsurers recorded a net earned premium of KES 16.38 billion in 2018, a growth of 2.8% from KES 15.93 billion reported in 2017.

• Table 29: Inward reinsurance premium for the period 2014 – 2018 Class of business General reinsurers reported inward reinsurance premium amounting to KES17.69 billion in 2018 representing an increase of 1.1% from KES 17.49 billion reported in 2017.

• The statutory rates of taxation applicable to the taxable income of significant classes of business are as follows: Applicable tax rate2010 2009% %Class of business Complying superannuation business11515Ordinary class of business3030Shareholder funds3030Annuity and pension business2––1 includes Virtual Pooled Superannuation Trust (VPST)2 includes Segregated Exempt Assets (SEA) 10.

• The class-wise net incurred claims ratios under general reinsurance business for the period 2014 - 2018 is as shown in table 33 below: Table 33: Trend in net incurred claims ratios under general reinsurance business Class of business The general reinsurance net incurred claims ratio was 62.7% in 2018 compared to a net incurred claims ratio of 54.8% in 2017.

More Definitions of Class of business

Class of business shall be defined as each individual class or line of business as delineated by the Retrocedant as of the date hereof as set forth on Exhibit A-1.

Class of business means all or a distinct grouping of small employers

Class of business means all or a separate grouping of small employers established

Class of business means all or a separate grouping of small employers established under section 26.1-36.3-03.

Class of business means all or a separate grouping of covered insureds that is permitted by the commissioner in accordance with Section 31A-30-105.

Class of business means all or a distinct grouping of small employers determined in accordance with rules promul- gated by the commissioner under s. 635.05 (4).

Class of business means all or a separate grouping of small employers established pursuant to Section 6514 of the Small Employer Health Insurance Reform Act;