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 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.

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.

• 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.

• Class of business The Group reports under three business segments: O&P North America, O&P Europe and Chemical Intermediates.

• Table 30: Outward re-insurance premium Class of business The total reinsurance premium retroceded under general reinsurance business more than doubled to KES 1.52 billion in 2018 from KES 718.96 million recorded in the previous year.

• The net incurred claims under general reinsurance business are summarized in table 32 below.Table 32: Net incurred claims under general reinsurance business Class of business In 2018, the reinsurers incurred claims amounting to KES 10.26 billion (2017: KES 8.73 billion) representing an increase of 17.6%.

More Definitions of Class of business

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 separate grouping of small employers established

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

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

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 small employers established pursuant to Section 6514 of the Small Employer Health Insurance Reform Act;