Closed block of business definition

Closed block of business means a block of business which a carrier ceases to actively offer or sell to new applicants.
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Closed block of business means a block of business that a
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Closed block of business means a block of business where an insurer ceases to market or sell in Wyoming any new individual, group or blanket disability insurance contracts under a particular policy form and no new contracts are being added to the block;
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More Definitions of Closed block of business

Closed block of business means a block of business for which an insurer ceases to actively market, sell, and issue new contracts under a particular policy form in this State.
Sample 1Sample 2Sample 3
Closed block of business means a block of business for which an
Sample 1Sample 2
Closed block of business means a block of business which an insurer ceases
Sample 1
Closed block of business means a block of business which an insurer ceases to actively offer or sell to new applicants.
Sample 1

Related to Closed block of business

  • Fully Diluted Capitalization means the aggregate number, as of immediately prior to the First Equity Financing, of issued and outstanding shares of Capital Stock, assuming full conversion or exercise of all convertible and exercisable securities then outstanding, including shares of convertible Preferred Stock and all outstanding vested or unvested options or warrants to purchase Capital Stock, but excluding (i) the issuance of all shares of Capital Stock reserved and available for future issuance under any of the Company’s existing equity incentive plans, (ii) convertible promissory notes issued by the Company, (iii) any SAFEs, and (iv) any equity securities that are issuable upon conversion of any outstanding convertible promissory notes or SAFEs.

  • Capitalization Date has the meaning set forth in Section 3.2(a).

  • Capital Stock Sale Proceeds means the aggregate cash proceeds received by the Company from the issuance or sale (other than to a Subsidiary of the Company or an employee stock ownership plan or trust established by the Company or any such Subsidiary for the benefit of their employees) by the Company of its Capital Stock (other than Disqualified Stock) after the Issue Date, net of attorneys’ fees, accountants’ fees, underwriters’ or placement agents’ fees, discounts or commissions and brokerage, consultant and other fees actually incurred in connection with such issuance or sale and net of taxes paid or payable as a result thereof.

  • Company Balance Sheet Date means December 31, 2016.