EEA insurer definition

EEA insurer means an undertaking, other than a UK insurer, pursuing the activity of direct insurance (within the meaning of Article 2 of the life insurance directive or Article 1 of the first non-life insurance directive) which has received authorisation under Article 4 of the life insurance directive or Article 6 of the first non-life insurance directive from its home state regulator;
Sample 1Sample 2Sample 3
EEA insurer means an insurance undertaking whose head office is in an EEA State, other than Malta, and which has received authorisation in accordance with article 4 of Directive 2002/83/EC or article 6 of Directive 73/239/EEC;
Sample 1
EEA insurer means an insurance undertaking whose home State is an EEA State other
Sample 1

Examples of EEA insurer in a sentence

  • However, the potential for a hard Brexit scenario occurring in 2019, which will result in the loss of FUL’s European passporting rights, has resulted in the activation of a contingency plan that will likely result in the setting up and authorisation of an EEA insurer within the Fidelis Group and a Part VII transfer of non‐ UK EEA insurance policies written by FUL to the authorised EEA insurer.

  • The report noted that about£20 billion of insurance liabilities and six million UK policyholders could be affected because their policies are with a non-British EEA insurer, and the figures are even higher for EEA policyholders with contracts with UK insurers.

  • Once the EEA insurer has qualified for these rights, there should be no risk of it committing a criminal offence by effecting or carrying out contracts of insurance in the UK while unauthorised.

  • If the E.E.A. insurer failed to obtain authorisation, policy-holders could enforce their contacts but it will be illegal for the insurer to carry it out.

  • In order for an EEA insurer to cover risks in Sweden it must either conduct business in Sweden on a freedom of services or a freedom of establishment basis.

  • Under the Solvency II Directive, the jurisdiction of Home Member State regulators varies according to whether there is an establishment of an EEA insurer in the relevant Host Member State.

  • The Group and each EEA insurer within the group arerequired to meet a Solvency Capital Requirement (SCR) which is calibrated to seek to ensure a 99.5% confidence of the ability to meet obligations over a 12 month time horizon.

  • With respect to a foreign EEA insurer providing insurance services in Finland on the basis of freedom of services, the list of debits includes the company’s name and home country, the foreign office’s address and the name and address of the company’s representative in Finland for the payment of the fire prevention charge.

  • EEA passporting rights mean that there is currently a fundamental difference between the treatment of EEA (re)insurers and non-EEA (‘third country’) (re)insurers 19 In the UK, however, an EEA insurer that qualifies to carry on regulated insurance activities in the UK using a cross-border services passport would seem not to commit a criminal offence by establishing a branch instead.

  • In the UK the compulsory jurisdiction of the FOS applies to activities that are carried on by an insurer through an establishment in the United Kingdom.21 The compulsory jurisdiction therefore applies to an EEA insurer which operates through an establishment in the United Kingdom, but not to an EEA insurer which operates on a freedom of services basis.


More Definitions of EEA insurer

EEA insurer means an insurance company —
Sample 1
EEA insurer means an insurance or reinsurance company–
Sample 1
EEA insurer means an insurance undertaking or a non- directive insurer whose head office is in an EEA State, other than Malta, and which has received authorisation in accordance with article 4 of Directive 2002#83#EC or article 6 of Directive 73#239#EEC from the foreign authority<
Sample 1

Related to EEA insurer

  • R&W Insurer means AIG Specialty Insurance Company.

  • EEA Member Country means any of the member states of the European Union, Iceland, Liechtenstein, and Norway.

  • EEA national means a national of one of the following countries:

  • Insurer means a person who insures or guarantees for the benefit of the mortgagee all or any portion of the risk of loss upon borrower default on any of the mortgage loans originated, purchased or serviced by the Company or any of its Subsidiaries, including the Federal Housing Administration, the United States Department of Veterans’ Affairs, the Rural Housing Service of the U.S. Department of Agriculture and any private mortgage insurer, and providers of hazard, title or other insurance with respect to such mortgage loans or the related collateral.

  • Blanket insurance policy means a group policy covering a defined class of

  • EEA Financial Institution means (a) any credit institution or investment firm established in any EEA Member Country which is subject to the supervision of an EEA Resolution Authority, (b) any entity established in an EEA Member Country which is a parent of an institution described in clause (a) of this definition, or (c) any financial institution established in an EEA Member Country which is a subsidiary of an institution described in clauses (a) or (b) of this definition and is subject to consolidated supervision with its parent.

  • Fidelity Bond A fidelity bond to be maintained by the Servicer pursuant to Section 4.12.

  • FHA Insurance means the Federal mortgage insurance authorized pursuant to Section 220, 221(d)(3), 221 (d)(4) or 223(f) of Title II of the National Housing Act of 1934, as amended.

  • Errors and Omissions Insurance Policy means an errors and omissions insurance policy maintained by the Master Servicer, the Special Servicer, the Trustee, the Custodian or the Certificate Administrator, as the case may be, in accordance with Section 8.2, Section 9.2 and Section 7.17, respectively.

  • In-Orbit Insurance means, with respect to any Satellite (or, if the entire Satellite is not owned by the Issuer or any Restricted Subsidiary, as the case may be, the portion of the Satellite it owns or for which it has risk of loss), insurance (subject to a right of co-insurance in an amount up to $150.0 million) or other contractual arrangement providing for coverage against the risk of loss of or damage to such Satellite (or portion, as applicable) attaching upon the expiration of the launch insurance therefor (or, if launch insurance is not procured, upon the initial completion of in-orbit testing) and attaching, during the commercial in-orbit service of such Satellite (or portion, as applicable), upon the expiration of the immediately preceding corresponding policy or other contractual arrangement, as the case may be, subject to the terms and conditions set forth in this Indenture.

  • Qualified Insurer A mortgage guaranty insurance company duly authorized and licensed where required by law to transact mortgage guaranty insurance business and approved as an insurer by Xxxxxx Xxx or Xxxxxxx Mac.

  • Regulated Insurance Company means any Subsidiary of the Borrower, whether now owned or hereafter acquired, that is authorized or admitted to carry on or transact Insurance Business in any jurisdiction and is regulated by any Applicable Insurance Regulatory Authority.

  • EEA migrant worker (“gweithiwr mudol AEE”) means an EEA national who is a worker, other than an EEA frontier worker, in the United Kingdom;

  • authorised insurer means an insurer that holds an authorisation to carry on insurance business for the purposes of Directive 73/239/EEC or that is otherwise entitled to carry on non-life insurance business in the State;

  • Primary Insurance Policy Each policy of primary mortgage guaranty insurance or any replacement policy therefor with respect to any Mortgage Loan.

  • Standard Hazard Insurance Policy means a fire and casualty extended coverage insurance policy in such amount and with such coverage as required by this Agreement.

  • EEA Resolution Authority means any public administrative authority or any person entrusted with public administrative authority of any EEA Member Country (including any delegee) having responsibility for the resolution of any EEA Financial Institution.

  • Authorized insurer means, in the case of an interstate motor carrier whose operations may or may

  • Underlying insurance means the DESIGNATED UNDERLYING POLICY and all insurances affording professional liability insurance coverage to any INSURED hereunder which are considered to be primary to this insurance, including without limitation, any such mandatory insurance coverage afforded any INSURED by any law society or other program, and any such non-mandatory insurances purchased as coverage or primary to (beneath) this POLICY coverage, but in no case shall include any insurance specifically acquired and stated to be in excess of this POLICY. Signed on behalf of Lawyers’ Professional Indemnity CompanyDaniel E. PinningtonDaniel E. PinningtonPresident and Chief Executive Officer Endorsement No . 1pollutIon exClusIonThis POLICY, subject to all its terms and conditions not in conflict with this endorsement, and further to Part III Exclusion (g), shall include the following:This insurance does not apply to:(a) damage arising out of the actual, alleged or threatened discharge, seepage, dispersal, release or escape of pollutants:

  • Special Primary Insurance Policy Any Primary Insurance Policy covering a Mortgage Loan the premium of which is payable by the Trustee pursuant to Section 4.04(a), if so identified in the Mortgage Loan Schedule. There are no Special Primary Insurance Policies with respect to any of the Mortgage Loans.

  • Errors and Omissions Policy As defined in each of the Servicing Agreements.

  • Required Insurance Policy With respect to any Mortgage Loan, any insurance policy that is required to be maintained from time to time under this Agreement.

  • Resolution Authority means an EEA Resolution Authority or, with respect to any UK Financial Institution, a UK Resolution Authority.

  • insurance agent means, subject to subsection (2), any person who for any compensation and through any medium does one or more of the following:

  • Specified Insurance Company means any Entity that is an insurance company (or the holding company of an insurance company) that issues, or is obligated to make payments with respect to, a Cash Value Insurance Contract or an Annuity Contract.

  • Approved Insurer Each insurance policy shall be issued by insurance companies authorized to do business in the State of Nevada or eligible surplus lines insurers under federal and Nevada law and having agents in Nevada upon whom service of process may be made, and currently rated by A.M. Best as “A-VII” or better.