Domestic Insurance Subsidiary definition

Domestic Insurance Subsidiary means any Domestic Subsidiary that is also an Insurance Subsidiary.
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Domestic Insurance Subsidiary means each Insurance Subsidiary that is a Domestic Subsidiary. As of the ClosingFirst Amendment Effective Date, Falls Lake Fire and Casualty, Falls Lake National, Jxxxx River Casualty, Jxxxx River Insurance, Falls Lake General Insurance Company, and Stonewood Insurance constitute the Domestic Insurance Subsidiaries.
Sample 1
Domestic Insurance Subsidiary means each Insurance Subsidiary that is a Domestic Subsidiary. As of the Restatement Effective Date, Falls Lake Fire and Casualty, Falls Lake National, James River Casualty, James River Insurance, and Stonewood Insurance constitute the Domestic Insurance Subsidiaries.
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Examples of Domestic Insurance Subsidiary in a sentence

  • In the event that the NAIC or any Applicable Insurance Regulatory Authority shall at any time promulgate any risk-based capital ratio requirements or guidelines, the Borrowers shall cause each Domestic Insurance Subsidiary that is a Material Insurance Subsidiary to comply with the minimum requirements or guidelines applicable to it as established by the NAIC or such Applicable Insurance Regulatory Authority.

  • The Borrower has delivered to the Agent and the Banks financial statements for each Domestic Insurance Subsidiary as at and for the fiscal year ended December 31, 1998.

  • In the event that the NAIC or any Applicable Insurance Regulatory Authority shall at any time promulgate any risk-based capital ratio requirements or guidelines, the BorrowersBorrower shall cause each Domestic Insurance Subsidiary that is a Material Insurance Subsidiary to comply with the minimum requirements or guidelines applicable to it as established by the NAIC or such Applicable Insurance Regulatory Authority.

  • In the event that the NAIC or Insurance Regulatory Authority shall at any time promulgate any risk-based capital ratio requirements or guidelines, the Borrower shall cause each Domestic Insurance Subsidiary to comply with the minimum requirements or guidelines applicable to it as established by the NAIC or such Insurance Regulatory Authority.

  • The Borrower has delivered to the Banks financial statements for each Domestic Insurance Subsidiary as of and for the fiscal years ended December 31, 1998, 1999 and 2000 and interim financial statements as of and for the fiscal quarters ended March 31, 2001, June 30, 2001 and September 30, 2001.

  • As of the end of each calendar year, the Borrower will not permit the Risk-Based Capital of any Domestic Insurance Subsidiary to fall below 200% of the company action level (as defined by the NAIC or by the applicable Insurance Regulatory Authority of the state of such Insurance Subsidiaries' domicile) for such Subsidiary.

  • As of the date hereof, since December 31, 2021, there has been no material adverse change in the financial condition, operations or business of any Domestic Insurance Subsidiary from that set forth in its respective Statutory Statement as at December 31, 2021.

  • The term "Risk-Based Capital" means the risk-based capital of a Domestic Insurance Subsidiary calculated in accordance with the formula adopted from time to time by the NAIC or by the applicable Insurance Regulatory Authority of the state of such Insurance Subsidiaries' domicile.

  • Such financial statements are complete and correct, have been prepared in accordance with SAP, and fairly and accurately present the financial condition of the applicable Domestic Insurance Subsidiary as of the respective dates indicated therein and the results of operations for the respective periods indicated therein subject to normal year end audit adjustments.

  • Schedule T to the most recent annual Statutory Statement of each Domestic Insurance Subsidiary lists all of the jurisdictions in which such Domestic Insurance Subsidiary holds active licenses (including, without limitation, licenses or certificates of authority from Applicable Insurance Regulatory Authorities), permits or authorizations to transact insurance and reinsurance business or to act as an insurance agent or broker (collectively, the “Licenses”).


More Definitions of Domestic Insurance Subsidiary

Domestic Insurance Subsidiary means each Insurance Subsidiary that is a Domestic Subsidiary. As of the Effective Date, Jxxxx River Casualty, Jxxxx River Insurance, Stonewood General, Stonewood Insurance and Stonewood National constitute the Domestic Insurance Subsidiaries.
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Domestic Insurance Subsidiary means each of The MEGA Life and Health Insurance Company, Mid-West National Life Insurance Company of Tennessee, The Chesapeake Life Insurance Company and Fidelity First Insurance Company.
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Domestic Insurance Subsidiary means each Insurance Subsidiary that is organized under the laws of a jurisdiction of one of the fifty states of the United States or the District of Columbia.
Sample 1

Related to Domestic Insurance Subsidiary

  • Insurance Subsidiary means any Subsidiary that is licensed by any Applicable Insurance Regulatory Authority to conduct, and conducts, an Insurance Business.

  • Domestic insurer means an insurer organized under the laws of this state.

  • Insurance Subsidiaries means, collectively, MGMM Insurance Company, a Nevada corporation and any Subsidiaries formed for the purpose of facilitating and providing insurance coverage and claims services for the Company and its Subsidiaries.

  • Material Insurance Subsidiary means a Material Subsidiary that is also an Insurance Subsidiary.

  • Captive Insurance Subsidiary means any Subsidiary of the Borrower that is subject to regulation as an insurance company (or any Subsidiary thereof).

  • Finance Subsidiary means, with respect to any Person, any Subsidiary of such Person which is primarily engaged in leasing or financing activities including (a) lease and purchase financing provided by such Subsidiary to dealers and consumers, (b) leasing or financing of installment receivables or otherwise providing banking, financial or insurance services to the Company and/or its affiliates or others or (c) financing the Company’s and/or its affiliates’ operations.

  • Project Finance Subsidiary means a Subsidiary that is a special-purpose entity created solely to (i) construct or acquire any asset or project that will be or is financed solely with Project Financing for such asset or project and related equity investments in, loans to, or capital contributions in, such Subsidiary that are not prohibited hereby and/or (ii) own an interest in any such asset or project.

  • Regulated Subsidiary means a Broker Dealer Regulated Subsidiary, a Bank Regulated Subsidiary or an Insurance Regulated Subsidiary or any other Subsidiary subject to minimum capital requirements or other similar material regulatory requirements imposed by applicable regulatory authorities.

  • Material Foreign Subsidiary means any Foreign Subsidiary that is a Material Subsidiary.

  • Material Domestic Subsidiary means any Domestic Subsidiary that is a Material Subsidiary.

  • Material Subsidiary means any Subsidiary that is not an Immaterial Subsidiary.

  • Domestic Subsidiaries means all Subsidiaries incorporated or organized under the laws of the United States of America, any State thereof or the District of Columbia.

  • Significant Domestic Subsidiary means any Domestic Subsidiary that is a Significant Subsidiary.

  • Domestic Restricted Subsidiary means a Restricted Subsidiary incorporated or otherwise organized or existing under the laws of the United States, any state thereof or any territory or possession of the United States.

  • Foreign Restricted Subsidiary means any Restricted Subsidiary which is not organized under the laws of the United States of America or any State thereof or the District of Columbia.

  • JV Subsidiary any Subsidiary of a Group Member which is not a Wholly Owned Subsidiary and as to which the business and management thereof is jointly controlled by the holders of the Capital Stock therein pursuant to customary joint venture arrangements.

  • Domestic Subsidiary means any Subsidiary that is organized under the Laws of the United States, any state thereof or the District of Columbia.

  • SBIC Subsidiary means any Subsidiary of the Borrower (or such Subsidiary’s general partner or manager entity) that is (x) either (i) a “small business investment company” licensed by the SBA (or that has applied for such a license and is actively pursuing the granting thereof by appropriate proceedings promptly instituted and diligently conducted) under the Small Business Investment Act of 1958, as amended, or (ii) any wholly-owned, direct or indirect, Subsidiary of an entity referred to in clause (x)(i) of this definition, and (y) designated in writing by the Borrower (as provided below) as an SBIC Subsidiary, so long as:

  • License Subsidiary means one or more wholly-owned Restricted Subsidiaries of the Issuer (i) that holds, was formed for the purpose of holding or is designated to hold FCC Licenses for the launch and operation of Satellites or for the operation of any TT&C Earth Station (other than any FCC License held by Intelsat General Corporation or any of its Subsidiaries) and (ii) all of the shares of capital stock and other ownership interests of which are held directly by the Issuer or a Subsidiary Guarantor.

  • Immaterial Domestic Subsidiary means any Domestic Subsidiary that is not a Material Domestic Subsidiary.

  • Domestic entity means an entity whose internal affairs are governed by the law of this state.

  • Consolidated Subsidiary means at any date any Subsidiary or other entity the accounts of which would be consolidated with those of the Borrower in its consolidated financial statements if such statements were prepared as of such date.

  • Immaterial Foreign Subsidiary means any Foreign Subsidiary of the Borrower that is not a Material Foreign Subsidiary.

  • Consolidated Restricted Subsidiaries means any Restricted Subsidiaries that are Consolidated Subsidiaries.

  • Guarantor Subsidiary means each Guarantor other than Holdings.

  • Restricted Foreign Subsidiary means a Foreign Subsidiary that is a Restricted Subsidiary.