Financially impaired definition

Financially impaired means a carrier which, after the effective

Financially impaired means a carrier which, after the effective date of this act, is not insolvent, but is deemed by the commissioner to be potentially unable to fulfill its contractual obligations or a carrier which is placed under an order of rehabilitation or conservation by a court of competent jurisdiction.

Financially impaired means a member that is not insolvent and is:

Examples of Financially impaired in a sentence

• ODSs shall obtain a surety bond designating the commissioner of insurance as beneficiary in the event of the insolvency of the ODS in the amount and form acceptable to the commissioner of insurance.201.12(4) Financially impaired or insolvent ODSs. The provisions of Iowa Code chapter 507C shall apply to ODSs, which shall be considered insurers for the purposes of chapter 507C.

• Financially Impaired Financially impaired means declared or placed in:· bankruptcy;· conservation;· liquidation;· receivership; or International Property InsuranceReference CopyAdditional Definitions Financially Inpaired(continued)· rehabilitation,by a court or regulatory authority having j urisdiction.

• Financially, impaired loan ratio declined, cost to income ratio improved further, and overall profitability continued to grow steadily.

• Financially impaired companies can either survive or close down their activity.

More Definitions of Financially impaired

Financially impaired means, for the purposes of this chapter, a carrier that, on or after the effective date of this chapter, is not insolvent and is either:

Financially impaired means a member which, after the effective date of this act, is not insolvent but is:

Financially impaired means a carrier or health maintenance

Financially impaired means a carrier or health maintenance organization which, after the effective date of [this act] P.L.1995, c.229 (C.17B:26A-12 et seq.), is not insolvent, but is deemed by the commissioner to be potentially unable to fulfill its contractual obligations, or a carrier or health maintenance organization which is under an order of rehabilitation or conservation by a court of competent jurisdiction.

Financially impaired means a member that] “Financial impairment” means that a carrier is not insolvent and is:

Financially impaired means (i) the filing of a voluntary or involuntary proceeding in bankruptcy or receivership in a court of competent jurisdiction or appointment of a trustee or receiver as a result of a proceeding in a court of competent jurisdiction and the continuance of such proceeding for a period of ninety (90) days without dismissal, or (ii) the entry into any arrangement, composition or reorganization for the benefit of creditors.

Financially impaired means a carrier that, after the