Independently procured insurance definition

Independently procured insurance means insurance procured under Section 31A-15-104.
Independently procured insurance means insurance procured by an insured directly from a Surplus Lines Insurer or other Non-Admitted Insurer as permitted by the laws of the Home State.
Independently procured insurance means insurance procured

Examples of Independently procured insurance in a sentence

  • Independently procured insurance taxIf you purchase or renew a taxable insurance contract directly from an insurer not authorized to transact business in New York State under a Certificate of Authority from the Superintendent of FinancialServices, you may be liable for a tax of 3.6% of the premium.

  • Independently] procured insurance [will not be determined automatically to qualify for the payment rates for purchased general and/or professional liability insurance.


More Definitions of Independently procured insurance

Independently procured insurance means insurance procured directly by an insured from a nonadmitted insurer.
Independently procured insurance means insurance obtained by a person directly from a nonadmitted insurer.
Independently procured insurance means insurance procured directly by an insured
Independently procured insurance means insurance procured directly by an insured from a surplus lines insurer.
Independently procured insurance means insurance procured by an insured directly from a Nonadmitted Insurer as permitted by the laws of the Home State.
Independently procured insurance means insurance procured by an
Independently procured insurance means insurance procured by an insured directly by an insured from a Non-Admitted Insurer as permitted by the laws of the Home State.