Emergency Assessments definition

Emergency Assessments means the Assessments described in Section 10.4(c).

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Emergency Assessments means those assessments described in Article XII, Section 5 of the By-Laws.

Emergency Assessments means all Assessments which the Board is authorized to levy under §627.351(6)(b)3.d., Florida Statutes, to be collected by Assessable Insurers, Special Purpose Homeowner Insurance Companies, Limited Apportionment Companies, Minority Owned Insurers and the Corporation, and collected from Assessable Insureds, upon the issuance or renewal of policies for Subject Lines of Business in accordance with Section 17.

Examples of Emergency Assessments in a sentence

If Reimbursement Premiums or earnings thereon are used for debt service on revenue bonds, then the amount of the Reimbursement Premiums or earnings thereon so used shall be returned, without interest, to the Fund when Emergency Assessments or other legally available funds remain available after making payment relating to the revenue bonds and any other purposes for which Emergency Assessments were levied.
Pursuant to Section 215.555(6)(a)1., Florida Statutes, Reimbursement Premiums and earnings thereon may be used for payments relating to revenue bonds in the event Emergency Assessments are insufficient.
Pursuant to Section 215.555(6)(a)1., Florida Statutes, Premiums, or earnings thereon, may be used for payments relating to revenue bonds in the event Emergency Assessments are insufficient.
If Premiums, earnings thereon, or amounts collected as part of the premium that are attributable to rapid cash buildup are used for debt service, then the amount of the Premiums, earnings thereon, or amounts collected as part of the premium that are attributable to rapid cash buildup so used shall be returned, without interest, to the Fund when Emergency Assessments remain available after making payment relating to the revenue bonds and any other purposes for which Emergency Assessments were levied.
Pursuant to Section 215.555(6)(a)1., Florida Statutes, Premiums, earnings thereon, and amounts collected as part of the premium that are attributable to rapid cash buildup may be used for payments relating to revenue bonds in the event Emergency Assessments are insufficient.
If Premiums are used for debt service, then the amount of the Premiums so used shall be returned, without interest, to the Fund when Emergency Assessments remain available after making payment relating to the revenue bonds and any other purposes for which Emergency Assessments were levied.
Citizens hereby appoints the Collateral Trustee as Citizens’ agent to receive Emergency Assessments.
Citizens shall instruct the Florida Surplus Lines Service Office to provide the Collateral Trustee with a copy of such written notice promptly after it is received from the surplus lines agent, together with payment to the Collateral Trustee of such Emergency Assessments.
Concurrently with each notification by Citizens to Assessable Insurers of its levy of Emergency Assessments, Citizens shall deliver to the Collateral Trustee a list setting forth the name and address of each such entity to which such notice has been delivered.
Pursuant to Section 215.555(6)(a)l., Florida Statutes, Reimbursement Premiums and earnings thereon may be used for payments relating to revenue bonds in the event Emergency Assessments are insufficient.

More Definitions of Emergency Assessments

Emergency Assessments means the assessments authorized to be levied by Citizens in respect of the High-Risk Account under paragraph (b)3.d. of the Act.

Emergency Assessments means all Assessments, other than Interim Assessments, which the Board is authorized to levy under §627.351(6)(b)5.c., F.S., to be collected by Assessable Insurers, and the Corporation, and collected from Assessable Insureds, upon the issuance or renewal of policies for Subject Lines of Business in accordance with Section 18.