general insurance business definition

general insurance business means any class of insurance business other than long-term insurance business;

general insurance business means fire, marine or miscellaneous insurance business, whether carried on singly or in combination with one or more of them;]

general insurance business means insurance business, other than long term insurance business, consisting of the classes described in Part II of the First Schedule

Examples of general insurance business in a sentence

• The General Insurance Corporation of India (GIC) was set up as a Government company under the General Insurance Business (Nationalisation) Act, 1972 for the purpose of superintending, controlling and carrying on the business of ‘General Insurance’.

• With the notification of the General Insurance Business (Nationalisation) Amendment Act, 2002, the GIC was designated as the ‘Indian Reinsurer’ on 3rd November, 2000 and its supervisory role over its subsidiaries ended.

• Through enactment of the General Insurance Business (Nationalization) Amendment Act, 2002, the four Public Sector General Insurance Companies (PSGICs) were delinked from GIC and the holdings of GIC in the four Public Sector General Insurance Companies (PSGICs) were transferred to the Government.

• Scope The parties hereby agree that with effect from Date signed above these Agency Terms & Conditions will apply to the conduct of any General Insurance Business transacted between them.

• General Insurance Business: insurance business as described within the FCA Handbook Glossary.

More Definitions of general insurance business

general insurance business means any assurance or insurance business not relating to life insurance policies;

general insurance business means any insurance that is not life insurance;

general insurance business means insurance business of the classes as prescribed in Schedule 1;

general insurance business means insurance business of any class or classes not being long term insurance business;

general insurance business means Insurance business as described within the FCA Handbook glossary.

general insurance business means any insurance business which is from time to time specified in Part 1 of Schedule 1 to the Financial Services and Markets Act 2000 (Regulated Activities) Order 2001.

general insurance business means fire, marine or miscellaneous insurance business, whether carried on singly or in combination with one or more of them, but does not include capital redemption business and annuity certain business;